Bette Midler and Cher will be performing at Caesars Palace, while talks with Diana Ross to perform have halted.

The deal is done, or at least two thirds of it!! Despite a veil of secrecy dropped over the news, very reliable inside sources confirm that the ink is drying on the mega-buck contracts with legendary entertainers Bette Midler and Cher to star at Caesars Palace. However, negotiations for third diva, Diana Ross, broke down and allegedly won't be reactivated. But, as one executive privy to the secrets laughed with me, "Instead, they've extended Sir Elton John's contract out for another year so they get their three divas anyway." Luxe Life has long rumored that contract talks were seriously underway for a rotation of the three female performers to take over for Celine Dion when she "retires" from her Colloseum theater after New Years Eve next year.