Caesars Entertainment denies JLo residency rumors

LAS VEGAS — Rumors are flying Wednesday that Jennifer Lopez is close to inking a residency at Planet Hollywood.

According to TMZ, JLo would perform where Britney Spears does, at the AXIS Theater. The website says Lopez would do 72 shows over a 1 or 2-year period.

Lopez could rake in at least $26 million during her residency, according to TMZ.

However, Caesars Entertainment says not so fast. 

In a statement to 8 News NOW, the company said: "Caesars Entertainment is always engaged in conversations with a number of artists to potentially perform at its properties in Las Vegas and around the country, but at this time Jennifer Lopez has not been presented with any offer to perform at Planet Hollywood Resort & Casino."

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