Importance Score: 35 / 100 🔵
Katy Perry’s Las Vegas Residency Deemed a Commercial Setback
Pop superstar Katy Perry’s three-year Las Vegas Residency at Resorts World concluded with disappointing results for the luxury hotel and casino. Despite initial high hopes and a lucrative contract for the artist, the production reportedly failed to meet financial expectations, making the Vegas Residency a commercial setback. Factors contributing to this outcome include high production costs, artist compensation, ticket pricing and demand.
Resorts World Faced Financial Losses
According to a source speaking with NewsNation’s Paula Froelich, “The residency was a disaster for Resorts World, a complete failure.” The source further elaborated on the competitive landscape: “There was a bidding war between Resorts World and Caesars … and Caesars technically lost out — but in the end, Caesars won.”
Perry, aged 40, reportedly earned a substantial sum from the “Katy Perry: PLAY” show, which spanned from 2021 to 2023.
The insider revealed, “Katy was getting paid between $750,000 and $900,000 a show because of the bidding war, and the entire run she underperformed, and Resorts World lost money.”
Challenges Beyond the Residency
Adding to recent difficulties, Perry’s album release in 2024, “143,” quickly declined in popularity after two weeks on the charts. Moreover, her “Lifetimes” tour experienced lackluster ticket sales following her publicized space journey in April, which garnered significant public criticism.
Despite these setbacks, the singer had previously expressed enthusiasm for future performances in Las Vegas.
Perry’s Optimistic Outlook on Las Vegas
The artist shared her aspirations with Las Vegas Weekly stating:
- Future residencies in Sin City
- Return to Las Vegas from California
Future prospects as a Touchstone
“I can see myself being in Vegas for periods of time for the rest of my life, especially since I live so close in California,” she told Las Vegas Weekly. “I’ll still go on tours and be putting out records, but it’s a great touchstone to come back to.”
Requests for comment from Perry’s representatives went unanswered.