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(NewsNation) — It’s a good thing Katy Perry is on the road — because she no longer has a home in Las Vegas.
The bubblegum popster had called the entertainment capital of the world her second home after sealing a residency deal at Resorts World for over three years, ending in 2024 — and at first, hopes were high.
Katy Perry’s Las Vegas residency called ‘complete failure’: Source
”There was a bidding war between Resorts World and Caesars … and Caesars technically lost out — but in the end, Caesars won,” a source said. “The residency was a disaster for Resorts World, a complete failure.”
The source added, “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.”
MEXICO CITY, MEXICO – APRIL 23: Katy Perry performs onstage during the Katy Perry The Lifetimes Tour 2025 at CDMX Arena on April 23, 2025 in Mexico City, Mexico. (Photo by Theo Wargo/Getty Images for Katy Perry) 
MONTERREY, MEXICO – APRIL 28: Katy Perry performs during a concert as part of the ‘The Lifetimes Tour’ at Arena Monterrey on April 28, 2025 in Monterrey, Mexico. (Photo by Medios y Media/Getty Images) 
BEVERLY HILLS, CALIFORNIA – MARCH 02: Katy Perry attends the 2025 Vanity Fair Oscar Party Hosted By Radhika Jones at Wallis Annenberg Center for the Performing Arts on March 02, 2025 in Beverly Hills, California. (Photo by Axelle/Bauer-Griffin/FilmMagic) 
Katy Perry at The 11th Breakthrough Prize Ceremony held at Barker Hanger on April 05, 2025 in Santa Monica, California. (Photo by Gilbert Flores/Variety via Getty Images) 
MEXICO CITY, MEXICO – APRIL 23: Katy Perry performs onstage during the Katy Perry The Lifetimes Tour 2025 at CDMX Arena on April 23, 2025 in Mexico City, Mexico. (Photo by Theo Wargo/Getty Images for Katy Perry) 
MEXICO CITY, MEXICO – APRIL 23: Katy Perry performs onstage during the Katy Perry The Lifetimes Tour 2025 at CDMX Arena on April 23, 2025 in Mexico City, Mexico. (Photo by Theo Wargo/Getty Images for Katy Perry)
And like the Jennifer Lopez saga, in which a failing tour caused Vegas resorts to pull out of a residency deal last year, Perry has the same “stank” of failure on her right now.
While Perry does have a show planned for Vegas in this tour, it’s considered a one-off. Not a coveted residency, which my source says won’t happen again.
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The pop singer had a failed album last year, was the center of ridicule after the Blue Origin space flight and her tour has had lagging sales — none of which has endeared her to any future Vegas endeavors.
”At the end of the day, Caesar’s won by losing the (Perry) residency,” the source added. “No one wants to lose money like that in Vegas.”
A representative for Resort Worlds did not return emails for comment.