Jay-Z To Sell Stake In 40/40 Club For $44 Mil

todayAugust 13, 2008

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Multi-platinum rapper Jay-Z continues his precedent-setting business deals as he is currently in talks to sell a stake of his popular 40/40 Las Vegas nightclub for an estimated $44 million.

According to The New York Post, the iconic hip-hop superstar is currently speaking with Las Vegas Sands Corporation in regards to offering them a 50 percent stake of the club. An insider told The Post the deal could make Jay’s night spot a global attraction.

“That will make the 40/40 club in Vegas the largest sports booking operation,” the insider said. “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.”

While nothing has been confirmed yet, the move seems likely as the chain has continued to grow from its 2003 New York debut to grand openings in Atlantic City, Tokyo, Macau and Vegas.

Various celebrities have been known to have big celebrations at the 40/40 spots including R&B superstar Chris Brown and NBA All-Star Lebron James who both celebrated birthdays there.

Jay and his management were unavailable for comment at press time.

Source: SOHH

Written by: jahknoradio

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