Photo by Pex Cornell
Reports are surfacing that Beyonce has inked a deal to perform at the Wynn under a similar schedule to that of Garth Brooks. Except the reported price tag is a bit heftier – $750,000 per show, 4 shows a week. That’s a cool $3 million every weekend. To give you an idea of the magnitude of this deal, let’s do a little math:
If the theater holds 1,500 people, they would need to gross $500 per person to have receipts equaling her price tag. Even at 2,000 seats, it’s still $375 per person. That’s a whole lot of extra merchandise, or a boatload of extra play in the casino.
Beyonce is a draw, but can she generate that much extra revenue?
From The Las Vegas Sun interview with Paul Stanley of Kiss:
There were reports last year that you might be in Las Vegas, as a resident, as the Phantom in “Phantom — The Las Vegas Spectacular” at the Venetian. Any truth to that?
I was in Las Vegas having meetings, and we’d discussed that. I’d played the role before (in the Toronto production), but for a lot of reasons it wasn’t to be. I think it’s a great show — terrific. I still intend on doing it on Broadway, but there are only so many hours in the day, you know?
Paul Stanley as the Phantom? Well, at least he’s used to covering his face…