KAOS Dayclub and Nightclub in Las Vegas is closing its doors. The Las Vegas Review-Journal is reporting that Red Rock (the owner of KAOS) “reported a net loss of $26.8 million in the third quarter, down $51.9 million from the same period last year” which contributed to the sudden closure. The nightclub and dayclub were just opened in April of this year and was a multi-million dollar renovation undertaking at the Palms Hotel.

The losses were also due to the termination of artist agreements and “higher depreciation and amortization relating to the Palms redevelopment.”

Red Rock Resort has issued the following statement: