If the latest series of show closings have you blue, know that the Vegas entertainment scene does work in cycles.
When shows shut down, there is a long line of productions and entertainers waiting to step up. Red Mercury Entertainment of Las Vegas, for instance, is currently reviewing or in discussions with a total of 19 prospective shows being pitched for Las Vegas.
The company is still running the entertainment venues and ticketing operations at Westgate Las Vegas and Stratosphere and remains an equity partner in the Jennifer Lopez, Lionel Richie and Britney Spears productions in Axis theater at Planet Hollywood.
Also, by the end of January, Red Mercury plans to finish off a food court next to Fatburger on the Strip and Harmon Avenue that will be anchored by El Dorado Express (an offshoot of the popular 24-hour hang El Dorado Cantina) and a Coffee Bean & Tea Leaf. This is an example of diversifying the business model, which is how Red Mercury turns a profit in these fickle times.
John Katsilometes’ column runs Saturday, Sunday, Tuesday, and Thursday in the A section, and Fridays in Neon. He also hosts “Kats! On The Radio” Wednesdays at 8 p.m. on KUNV 91.5-FM and appears Wednesdays at 11 a.m. with Dayna Roselli on KTNV Channel 13. Contact him at firstname.lastname@example.org. Follow @johnnykats on Twitter, @JohnnyKats1 on Instagram.