DJ Marshmello's early exit from his two-year booking at Kaos Nightclub in The Palms Las Vegas still enabled him to reap millions, according to unnamed sources who spoke with the Las Vegas Review-Journal. James Sammataro, partner and Co-Head of the Media + Entertainment Group at Pryor Cashman told Casino.org that since Marshmello "signed with The Palms amidst a bidding war with the Wynn, his contract presumably contains a handsome parting gift."
Sammataro went on to note that "an industry-shaking reported $60 million deal was presumably about more than attracting concert-goers and filling up the biggest party space in Vegas...(I)t was the ultimate headline to punctuate its $690 million reinvention."
The news was also picked up by EDM.com and numerous social media outlets. For more on Pryor Cashman's Media + Entertainment practice, please click here.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
