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Gigs & Festivals
Madonna offered $1 billion Vegas residency
By CMU Editorial | Published on Monday 23 August 2010
Madonna is reportedly in talks with promoters to sign up to a five year residency in Las Vegas, which could earn her $1 billion.
It’s not clear which venue in the US city she is talking to, though it is likely to be the Caesars Palace hotel and casino. Cher is currently due to finish a three year residency at the venue next year, while Elton John completed at five year stint in 2009 and Stevie Nicks a three year run in 2007. Celine Dion’s five year residency at Caesars Palace, also completed in 2007, reportedly drew almost three million people to see 717 performances. So successful was it, the Dion will return for another three year run in 2011. However, it’s thought the Madonna could surpass Dion’s success.
If Madonna agrees the deal, it would also make her the third highest paid female entertainer in the world, after Oprah Winfrey and Martha Stewart.