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Jay-Z In Talks To Sell Percentage Of 40/40 Club For $44 Million
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Wednesday, 13 August 2008 |
| Written by Jason
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Jay-Z is one man who will never stop conducting business. The New York Post is reporting that Jigga is in talks with Las Vegas Sands Corporation to sell a 50% stake of his 40/40 club in Las Vegas for $44 million dollars. An insider told the newspaper that the deal could make Jay-Z's club a global attraction. The insider for the paper says “That will make the 40/40 club in Vegas the largest sports booking operation,” continuing, “People can gamble both at the tables and on games. The Sands will also have the right to open 40/40 clubs in London and across Europe.”
Jay-Z started the 40/40 clubs in New York in 2003 and since has grown to spots in Atlantic City, Tokyo, Macau and of course, Las Vegas. The clubs have been known to host big parties by celebrities like Chris Brown and NBA All-Star Lebron James who both celebrated birthdays there.
In related news, Jay-Z recently put out the first song "Jockin Jay-Z" [listen here] from his new album, The Blueprint 3. The new Blueprint album will be his last with Def Jam Records before he starts his new $150 million dollar deal with Live Nation.
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