Jay-Z Announces Sale of Vegas 40/40

By Nolan Strong
Rap star Jay-Z and his business partners have officially announced the sale of the 40/40 Club in Las Vegas for an undisclosed amount, AllHipHop.com has confirmed.

The 24,000 square foot sports bar, which is located in The Palazzo and Casino, will no longer operate under the 40/40 brand, as the sale is for the lease and not the rights to the name.

"The sale is a great business decision, we are delighted. We look forward to expanding the brand even further to Chicago and Tokyo ," Jay-Z told AllHipHop.com in a statement released today (August 27).

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