Editor's note: The 40/40 Club is scheduled to close in Sept. 2008 and will re-open as a race and sports book later in 2008.
At a cost of $20 million, rapper and music industry mogul Jay-Z's newest venture may be the most costly sports bar and lounge in the world.
Located inside the Venetian's new Palazzo Tower, the 24,000-square-foot venue is equipped with 85 plasma screen TVs, five 40-foot bars and five VIP rooms, making it more of a sports bar on steroids (it also features a nightclub) than your run-of-the-mill game-day hangout.
Which explains why the platinum-record-selling recording artist turned executive will be bringing his famous pals from the sports and entertainment biz along with him for yet another party the day after the 40/40 Club's Dec. 30, 2007 grand opening.