After only six months from opening their doors, KAOS Dayclub and Nightclub at the Palms in Las Vegas has closed due to expense. Red Rock reported a net loss $26.8 million in the third quarter 2019.
Red Rock Resort issued the following statement:
“This afternoon, Red Rock Resorts, Inc. announced the closing KAOS dayclub and nightclub at the Palms Casino Resort, effective immediately. While Palms has experienced exceptional growth across both the gaming and non-gaming segments the business, the expense side the business has been challenging to date, due in large part to the entertainment and fixed cost structure associated with KAOS. Therefore, we have decided to take some time to reassess the programming and use those venues going forward. In the interim, we intend to use the venues for private meeting space and special events, in addition to everyday resort pool operations.”
The club held pool party performances as well as an incredible main room that featured multiple sparking spheres from the ceiling. Also part the club was a 60 foot bronze sculpture by Damien Hirst titled “Demon with Bowl”, and the largest LED wall in Las Vegas.