Jay-Z sells 40/40 at Palazzo
After a quick speculation lasting all of a week and a half, Jay-Z has sold his 40/40 Club.
Not the entire 40/40 chain as was speculated, but just the Vegas location at Palazzo.
Rumors for the entire chain with Sands Corp. (which owns Venetian and Palazzo) in control of the brand was in the realm of $45 million, but the actual sale of the 40/40 at Palazzo was undisclosed.
Named after a baseball club comprising players scoring 40 home runs and 40 stolen bases in a season, Jay-Z still plans to expand in other U.S. cities and abroad.
Palazzo reclaimed the 24,000 square foot floor space and will be free to reboot it into its own sports book, a club, or something else entirely.
