Jay-Z and his business partners have officially announced the sale of the 40/40 Club in Las Vegas for an undetermined amount. The 24,000 square foot sports bar located in The Palazzo Casino will not operate under the 40/40 brand, as the sale is only for the lease of the building. Mr. Carter said in a released statement: “The sale is a great business decision, we are delighted. We look forward to expanding the brand even further to Chicago and Tokyo”.

Additional reporting by Rashaan Meador

This entry was posted on Wednesday, August 27th, 2008 at 12:41 pm and is filed under Business, Music, News, _Wire. Tags: 40/40 Club, Jay-Z, Las Vegas, Palazzo