Britney Spears Offered $12 Million to Extend Residency

Britney Spears is close to extending her Las Vegas residency.

The "Perfume" singer, whose show Piece of Me at Planet Hollywood Resort & Casino has been a huge success, has reportedly been offered $12 million to continue performing until 2016. According to New York Daily News, the pop star is close to securing a deal with Ceasers Entertainment, the parent company of Planet Hollywood, to stay on at the venue.

"Britney Spears has been a great success for the company and will be extended, if she wants to do it, and I cannot see why not. She has been filling the place every night, and she is enjoying it and is in good health," said Ceasers Palace President, Gary Selesner.

The 32-year-old star was scheduled to perform 50 shows per year in 2014 and 2015 as part of the initial deal, earning her an impressive $30 million, and Gary admitted it was a "gamble" in the beginning but he is now happy with how popular the show is and wants her to return for further dates.

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