Palazzo turning this into its new Sports Book.  Heres the release:

Business mogul Shawn “JAY-Z” Carter and his partners have announced today the sale of the 40/40 Club in Las Vegas for an undisclosed amount. 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,” stated owner Mr. Carter.

In the next 12 months, Mr. Carter and his partners plan on opening 40/40 clubs in Chicago, Tokyo and Macau.  Read more