40/40 Club Closes On Strip
Casino Bought Property Back For Sports Book, Officials Say
POSTED: 9:23 am PDT August 27, 2008
UPDATED: 9:38 am PDT August 27, 2008
LAS VEGAS -- After less than a year, Jay-Z's 40/40 Club in the Palazzo is officially closing its doors.
Casino officials made the announcement Wednesday. The sports-themed night club is being returned to the resort and will be used to create a larger sports book.
"The location of the 40/40 Club will enable our guests to access a very special race and sports book and restaurant environment in The Palazzo," said Rob Goldstein, president and chief operating officer of The Palazzo. "By adding a gaming component to the24,000 square-foot space, we will be able to create an unique environment for our guests."
The 40/40 Club opened in December.
Officials have not said how long the renovations will take. For more information about the hotel-casino, visit the Palazzo's Web site.
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Jay-Z Sells 40/40 Club In 'Lucrative' Deal
Sands Corp. Buys 40/40 Club
POSTED: 4:41 pm PDT August 27, 2008
UPDATED: 7:19 am PDT August 28, 2008
NEW YORK -- Business mogul Shawn "Jay-Z" Carter and his partners announced Wednesday the sale of the 40/40 Club in Las Vegas for an undisclosed amount in what was called a lucrative deal offered by the Sands Corp.
The 24,000-square-floor ultra sports bar and lounge located 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 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 news release.
In the next 12 months, Carter and his partners plan on opening 40/40 clubs in Chicago, Tokyo and Macau.
The flagship 40/40 Club opened June 18, 2003, and has become one of New York's favorite and most popular sports bar lounges and host to many of the world's biggest celebrities and athletes. The successful, 40/40 Atlantic City opened in 2005.
The name "40/40" refers to an exclusive club of baseball players that have 40 home runs and 40 stolen bases in one season.
Casino Bought Property Back For Sports Book, Officials Say
POSTED: 9:23 am PDT August 27, 2008
UPDATED: 9:38 am PDT August 27, 2008
LAS VEGAS -- After less than a year, Jay-Z's 40/40 Club in the Palazzo is officially closing its doors.
Casino officials made the announcement Wednesday. The sports-themed night club is being returned to the resort and will be used to create a larger sports book.
"The location of the 40/40 Club will enable our guests to access a very special race and sports book and restaurant environment in The Palazzo," said Rob Goldstein, president and chief operating officer of The Palazzo. "By adding a gaming component to the24,000 square-foot space, we will be able to create an unique environment for our guests."
The 40/40 Club opened in December.
Officials have not said how long the renovations will take. For more information about the hotel-casino, visit the Palazzo's Web site.
===========================================
Jay-Z Sells 40/40 Club In 'Lucrative' Deal
Sands Corp. Buys 40/40 Club
POSTED: 4:41 pm PDT August 27, 2008
UPDATED: 7:19 am PDT August 28, 2008
NEW YORK -- Business mogul Shawn "Jay-Z" Carter and his partners announced Wednesday the sale of the 40/40 Club in Las Vegas for an undisclosed amount in what was called a lucrative deal offered by the Sands Corp.
The 24,000-square-floor ultra sports bar and lounge located 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 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 news release.
In the next 12 months, Carter and his partners plan on opening 40/40 clubs in Chicago, Tokyo and Macau.
The flagship 40/40 Club opened June 18, 2003, and has become one of New York's favorite and most popular sports bar lounges and host to many of the world's biggest celebrities and athletes. The successful, 40/40 Atlantic City opened in 2005.
The name "40/40" refers to an exclusive club of baseball players that have 40 home runs and 40 stolen bases in one season.
