If you heard that Britney Spears' Vegas residency was a flop, then you heard wrong.
According to new reports, Britney's Piece of Me show has boosted Planet Hollywood's annual operating earnings (the money that they keep after paying Spears) by $20 million, which would explain why the pop princess recently extended the lucrative gig for another two years.
Planet Hollywood was apparently struggling before The Holy Spearit came along, but now they're using the success of her show to expand other areas of the casino, and are even looking for new acts to keep the momentum going once Spears' show comes to a close in 2015.
Wall Street insiders say Britney has been single-handedly instrumental in helping fill its 2,520 rooms and boosting the profits to nearly $100 million that Caesars is using to modernize the Quad into the new Linq hotel and redecorating and upgrading the rooms and pools at Planet Hollywood.
Who needs a hit album when you can bank big bucks playing Vegas a couple of nights a week?