Just 7 months after it’s opening, The Palms is closing it’s KAOS Day/Night club.
Red Rock Resorts, Inc. released the following statement:
“This afternoon, Red Rock Resorts, Inc. announced the closing of 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 of the business, the expense side of 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 of 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.”
Two months ago they enclosed the entire are in a dome so it could be climate controlled and used year round.
Tuesday, Red Rock reported a 3rd quarter net loss of $26.8 million. That was down $51.9 million from the same period last year.