With more than 20 venues in Las Vegas, New York, Chicago, Singapore, and Sydney, Tao Group is quickly taking over the nightlife scene. The premier restaurant and entertainment group is known for its variety of exceptional food, beverage, and nightlife venues including Tao Asian Bistro, LAVO Italian Restaurant & Lounge at The Palazzo, Nightclub & Beach at The Venetian, Beauty & Essex at The Cosmopolitan, and Marquee Nightclub at the Cosmopolitan. One of the group’s latest projects included a restaurant, nightclub and pool party that was set to open at the west side resort in early 2019. The project, which was supposed to be accomplished with the help of Palms, was cancelled in October.
On October 23 rd , a publicist sent out a statement that announced that Tao Group and the Palms had jointly decided to terminate any current agreements that connected the two parties to the club/restaurant which was scheduled to open in the first quarter of the new year at the Palms Casino Resort. Although the terms of these agreements remain private, both parties agreed that neither would be required to make payments due to the cancellation.
The released statement read as:
“Red Rock Resorts, Inc. and Tao Group announced today that they have jointly agreed to terminate the agreements previously entered into by the parties in connection with the dayclub/nightclub and a restaurant that are scheduled to open around the end of the first quarter in 2019 at the Palms Casino Resort. The terms of the agreements are confidential, but no payment will be required of either party under the agreements.”
Tao Group announced the idea for the nightclub/dayclub/restaurant/pool party venue last year. The venue was dubbed to be the “largest dance music venue in Las Vegas.” The space was expected to span more than 100,000 square feet was designed to be a one-stop-shop for all of your adult entertainment needs. The space, which included a 29,000 square foot nightclub and a 73,000 square foot pool, was already under construction before Tao Group and Palms made their decision. Fortunately, these two components will go forward. Tao Group plans to keep the venue open year-round and it will have enough room for up to 5,000 people.
While the cancellation of the new club and restaurant comes as an unexpected blow to many party-goers, Tao Group will no doubt find success with new forms of entertainment coming in the future. There is currently no word on what will replace the venues but customers can expect to see something new in early 2019. There are some rumors that Hakkasan will take over for these venues that are under construction. Currently, Hakkasan has locations in New York, Las Vegas, Shanghai, Miami, Doha, Dubai, Abu Dhabi, and Mumbai. In Vegas, Hakkasan can be found at the MGM Grand.
Palms is currently undergoing a massive $620 million overhaul across its entire property. Tao Group was expected to play a major role in this overhaul. However, the mutual break in partnership will likely result in Tao Group not being a player in the renovations. Palms is now looking for a new nightlife partner to help grow their empire. However, Tao Group still has an expansive and long-running business relationship at the Cosmopolitan and the Venetian/Palazzo.
While party-goers unfortunately won’t get a chance to check out the new nightclub, there are still plenty of options in Las Vegas to choose from. Palms already has a nightclub, Apex Social Club, which has seen great success. Tao Group is also doing well with Marquee Dayclub, Marquee Nightclub, Tao Beach, Tao Nightclub, and its other popular venues.