Jay-Z launching Casino in Las Vegas

By: Yves Erwin Salomon

Hip hop mogul Jay-Z might be getting into the gaming business, and he's been spotted eyeing several possible locations in Las Vegas for a new casino. New York's Daily News reports the rapper has been meeting with investors who are familiar with the gambling industry. A source told the paper, "The 40/40 Club in Atlantic City has been doing great since it opened, and the one in New York is still booming. There's no reason not to expand."

A spokesman for the rapper confirmed that Jay-Z is looking to expand globally and possibly make the move to the casino business. Ron Berkowitz said, "There is talk of a possible 40/40 Club casino. There is definite expansion into the Far East, into Shanghai, Hong Kong, Tokyo, and South Korea. By 2008 they will all be built."

Jay-Z has also partnered with Magic Johnson, and the duo will be bringing a 40/40 to Los Angeles later this year.