This is why I love me some
Young, er, Hova, uh, Izzo Jay-Z. He’s so damn sharp in whatever he does. First he dominated hip-hop. Then he stepped away from the mic and into the boardroom. But what’s even more impressive is what he’s been doing as a businessman. And his world domination continues.
Place your bets on Jay-Z.
The record executive wants to build a casino in Las Vegas, business associates tell us.
It’s a logical next step for the instinctual businessman, who journeyed from Brooklyn’s Marcy Projects to founding Roc-a-Fella Records and Rocawear with partner Damon Dash.
After selling the label and stockpiling $300 million, Jay-Z, aka Sean Carter [sic], was named president of Def Jam records in 2004. Oh, and he’s a co-owner of the New Jersey Nets basketball team and the 40/40 Club.
Jay-Z wants to morph that sports bar’s low-key ambience – which he brought to Atlantic City last year – into a full-scale gambling Xanadu, reports one knowledgeable source.
“He’s definitely planning on it,” the source told our Chris Rovzar, adding that several meetings on the topic have taken place with investors who have worked with other gambling establishments.
“The 40/40 Club in Atlantic City has been doing great since it opened, and the one in New York is still booming,” another source told us. “There’s no reason not to expand.”
No matter what, Jay-Z is going global with his 40/40 franchise, his spokesman confirmed.
“There is talk of a possible 40/40 Club casino,” confirmed rep Ron Berkowitz. “There is definite expansion into the Far East, into Shanghai, Hong Kong, Tokyo and South Korea. By 2008 they will all be built.”
When it’s all said and done, no one will ever ask, “Jigga who?” again.