Business Camel To Sell Vegas 40/40

- By Bossip Staff

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.

Source

More Stories From Bossip

Comments

  • Aunt Viv

    Can’t knock his hustle

  • http://streetdzine.com loverotties

    Go Shawn Carter–get that money baby boy!!

  • Hannibal

    BOOOOOOO JAY-Z!

  • Nothing Nice

    BOOOOOOOOOOOOOOOOOOOOOOOOOOOOO Jay-z!!

  • Nik

    That place wasn’t doing any business tacky they need to close the ghetto Atlantic city one have you seen the chickens coming out of there? lol

  • Hannibal

    BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO JAY-Z!

  • Stringer Bell

    on 50**

  • Hannibal

    THAT’S BECAUSE 50 CENT IS A BETTER RAPPER THAN JAY-Z!

  • http://www.gravatar.com Re (Birthday in 3 days!)

    Dame’s money are in his nostrils….how many times I gotta tell the Feds to check?

  • http://steponmyblaz.blogspot.com So what

    Sometimes rumours are really true, I never thought they will sell this club.

    I always see that pic- Beyonce kisses Idris Elba!!!!

    Love Jay though

  • http://www.myspace.com/thegameoncw Bird

    Didn’t he just open the club in Vegas? I don’t think this is as big a business deal as people are assuming it is. The club was trouble from the start including not being completed on the opening date. Anyway at least he got to unload it and hopefully he at least broke even.

  • Common Without Sense

    Ahhhh hello….they were losing money on the club so they had to sale the lease idiots! This was not a savvy business decision…it was common sense. Loosing money on the deal, let’s sale and hopefully break even…

    Good PR spin though, you fools go for anything this dude says!

  • Seek the light beyond the shadows

    JZ, Dash called he’s wondering if you could give the man a break. Help the dude out he only needs several million. chump change right?

  • Jay

    That is a tight tie and shirt combo, not easily pulled off but he some how managed.

  • HEYEW

    he looks good!

    Many young beautiful girls on ___MatchWealthy.COM___ wanna marry a man like him. I did see some supermodels there. Maybe U guys can have a try.

  • VoiceOfReason

    Undisclosed amount is this case means the low-low. You know that wasn’t making money and he got rid of it. They didn’t sell a franchise so he was basically making back what he put into it. If even that….

  • VoiceOfReason

    Co-sign to Terminator Hex

  • I'm Just Me- 25 OFFICIALLY!! BTW: I KEEP THE PURP BY THA POUND!!!

    I really thought they posted this story like a week ago. Well whatever.

  • Dame

    I heart Jay something serious keep making that money boo

  • Let's Be Honest

    @ Terminator Hex…. that’s exactly what I was saying. Anyone who knows business knows this…lol

  • cat4everrr

    got that grown folks swagger…luvin it!

  • Envy Me (This is a Government Workplace, Why are they fighting as if they were still in High School?)

    IJM

    see now he about to get MORE PAPER, so i just know he goin help DAME out LOL

  • kiki

    Jay is doing mad bizness!

  • Ms. Toson

    Voice of Reason, you precisely threaded that needle with your comment..I cannot help but solely agree.

  • The Grundle

    I’m surprised they sold the spot that quickly, but I’m inclined to agree it was because the club is not up to par when compared to the other spots in Vegas.

    I’m not knocking the spot, as I had a wonderful time in the Jay-Z room this past Memorial weekend, but when compared to spots like Rumjungle and even the Hard Rock, it had much to be desired.

1 2 3 5
blog comments powered by Disqus