Jay-Z and his fortune just continue to grow on a daily basis it seems. According to a report from the New York Post, the music mogul may sell off a stake in his 40/40 sports club business.
He is reportedly in talks with Las Vegas Sands Corporation, who own the Venetian and the Palazzo, to sell them a 50% stake in his 40/40 club in Sin City.
"That will make the 40/40 club in Vegas the largest sports booking operation," an insider told the paper. "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."
The Las Vegas 40/40 club is currently located inside of the Palazzo on the Vegas strip. It held its grand opening in December of 2007, expanding since it originally opened its doors in Manhattan in 2003.
It also has locations in Macau, Tokyo, and Atlantic City as well.
There is no word on how much the deal would be worth at press time. Jay-Z's camp has yet to comment on the possible sale.
Source: BallerStatus.com
He is reportedly in talks with Las Vegas Sands Corporation, who own the Venetian and the Palazzo, to sell them a 50% stake in his 40/40 club in Sin City.
"That will make the 40/40 club in Vegas the largest sports booking operation," an insider told the paper. "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."
The Las Vegas 40/40 club is currently located inside of the Palazzo on the Vegas strip. It held its grand opening in December of 2007, expanding since it originally opened its doors in Manhattan in 2003.
It also has locations in Macau, Tokyo, and Atlantic City as well.
There is no word on how much the deal would be worth at press time. Jay-Z's camp has yet to comment on the possible sale.
Source: BallerStatus.com
