Jay-Z to sell 40/40?
40/40 is now 50/50?
It has only been open for a few months, but rumor has it hip-hop king Jay-Z is seeking to sell half of his 40/40 Club to Las Vegas Sands.
Las Vegas Sands owns The Venetian and The Palazzo, where 40/40 is located, and whenever we've passed by it isn't as crowded as we'd expect for a brand new club, so maybe the rapper is selling for other reasons.
The club allows sports betting without going to the sportsbook, and Sands Corp. is looking to franchise out the brand around Europe (particularly London ).
40/40 opened in New York City , expanded to Las Vegas , and also has a location in Atlantic City . Tokyo and Macau are expected to follow.
If the sale goes through, Jay-Z could see a quick payday in the neighborhood of $45 million.
