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The rumors are true. "LOVE YOU LITTLE MONSTERS WE DID IT, MEET ME IN Las Vegas!".

Lady Gaga's Instagram, where she posted six consecutive photos in celebration. She will allegedly receive $400,000 per performance for the run, which is set to launch in the fourth quarter of 2018 and last a year, with the possibility of an extension into 2019. Rumors of the residency have been around for about a year and a half.

"It's the land of Elvis, Tony Bennett and Frank Sinatra, the Rat Pack, Elton John, Judy Garland and Liza Minnelli".

Gaga was in the audience Friday night at Lionel Richie's show at Axis theater at Planet Hollywood and has frequently teased about a series of shows in Las Vegas. "I am humbled to be a part of a historical lineup of performers, and to have the honor of creating a new show unlike anything Vegas has ever seen before".

Bill Hornbuckle, President of MGM Resorts International said, "Our announcement today of Lady Gaga joining an fantastic lineup of talent at Park Theater is monumental for Lady Gaga fans, MGM Resorts and the Park MGM brand. Meet me in Las Vegas baby, we did it!"

Gaga, 31, said on Tuesday she will start a two-year engagement at the 5,300-seat Park Theater at the Park MGM resort on the Las Vegas strip in December 2018. Fellow chart-toppers like Britney Spears and Jennifer Lopez have also headlined residencies in Sin City recently, and both have been wildly successful.

Gaga, who named her album after her aunt, continues the world tour in Europe in January.

According to Variety, Gaga will perform 36 dates.