08/07/2012 AT 6:15 PM ET
The country music power couple will begin a run of concerts at the Venetian Las Vegas Casino, Hotel & Resort on Dec. 7.
“This will be a moment in time in our careers,” McGraw, 45, said Tuesday of the Soul2Soul series, which will feature 40 shows in an intimate 1,800-seat theater through April 2013.
The deal, in the works for over a year, calls for only weekend shows to make things easier for daughters Gracie, 15, Maggie, 13, and Audrey, 10, who all attend school in Nashville.
“We will be parachuting in and out of the city,” Hill, 44, says. “Our children are pretty thrilled for us though.”
McGraw agreed, saying their teenage daughter Gracie, “is hell on the poker tables.”