Posted by Bossip Staff
Jay-Z is capitalizing on his latest business venture:
Hip-hop artist and businessman Shawn “Jay-Z” Carter and his partners said Wednesday they are selling their 40/40 Club in Las Vegas for an undisclosed amount. The 24,000-square-foot sports bar and lounge in The Palazzo and Casino will not operate under the 40/40 brand, as the sale is for the lease and not the naming rights, the partners said. No reason was given for the sale of the Vegas branch of the club franchise.
“The sale is a great business decision; we are delighted. We look forward to expanding the brand even further to Chicago and Tokyo,” Carter said in a statement. Carter and his partners said they plan to open 40/40 clubs in Chicago, Tokyo and Macau in the next 12 months.
“Undisclosed Amount” means he sold that ish for mad paper. Hova’s definitely on top of his business game.