by Kevin Stott | The Palazzo Las Vegas unveiled its new Sportsbook Bar & Grill at The Palazzo on September 4 in the space which was until recently the home of the 40/40 club owned by hip-hop mogul Jay-Z.
After several months of rumors, it was revealed last week that the eight-month-old 40/40 Club would be closing to make room for a full-scale race and sports book in the casino.
The Las Vegas Sands bought back the 24,000 square feet of leased space where the club was previously located from Jay-Z whose real name is Shawn Carter who has two other 40/40 clubs in operation in New York City and Atlantic City. The "40/40" gets its name from an exclusive club of Major League Baseball players who have hit 40 home runs and had 40 stolen bases in a single season an homage of sorts to both power and speed in Our Nations Pastime.
"The sale is a great business decision, we are delighted," said Carter, on his website the4040club.com. "We look forward to expanding the brand even further to Chicago and Tokyo."
Carter and his partners are reportedly planning on opening 40/40 clubs in Chicago, Tokyo and Macau within the next 12 months.
The new sports-themed restaurant in the space utilizes existing décor including a Strip-view outdoor patio and over 70 flat screen televisions with access to satellite and cable channels to view sporting events.
The Sportsbook Bar & Grill at The Palazzo will be open from 11 a.m. to midnight on Mondays; from 11 a.m. to 11 p.m. on Tuesday through Thursday; from 11 a.m. to 2 a.m. on Fridays; and from 11 a.m. to 2 a.m. on Saturday and Sunday.
For any guests wanting to place a wager on a game, there are five betting windows are located directly across from the new restaurant. In addition, table games and slot machines are also available for the gaming enthusiast to enjoy.
The space is located a floor below the Palazzos lobby but does have street access off the Las Vegas Boulevard as well as via escalators at the Palazzos main entrance. The lower level where the future race and sports book will be located also features the recently opened Dal Toro Italian Café and the propertys Lamborghini Showroom.
The plans to build a sports book in the space are still ongoing, but published reports indicate it will be a full-blown, expansive race and sports book.
In a statement, the Las Vegas Sands president and CEO Rob Goldstein said, "The exceptional design and location of the 40/40 club will enable our guests a very special race and sports book and restaurant environment in the Palazzo. By adding a complete gaming component to an already distinctive 24,000-square-foot space we will be able to create a very unique environment for our guests."
More details on this new sports book will be revealed in a future edition of GamingToday.