Hip-hop magnate JAY-Z has confirmed the sale of his Las Vegas nightspot 40/40.
The rapper, real name Shawn Carter, was reported to be looking at to sell the sports bar earlier this month (Aug08) after allegedly failing to visit a net income since opening in Sin City net year (07).
Naming rights for the sports bar and sofa are non up for sale.
Carter and his partners have not given up on the 40/40 brand, announcing their plans to opened clubs around the existence in the forthcoming class (08-09).
In a statement issued on Wednesday (27Aug08), the rap mogul says: "The sale is a great business decision; we are captivated. We search forward to expanding the brand even further to Chicago and Tokyo."
Carter's 40/40 flagship remains open in New York; it launched in 2003.
Details about the price of the 40/40 sale in Las Vegas are unrevealed.
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