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Jay-Z Brings Sports Betting to 40/40 Club 2.0

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Jay-Z’s renovated 40/40 Club at Fanatics Fest in New York was only a taste of plans for the club’s reopening in 2025.

On Friday, August 16, Jay-Z teamed up with Fanatics founder Michael Rubin to revamp his famous 40/40 Club, which closed its doors last summer. Tom Brady, Quavo, Travis Scott, Carmelo Anthony, Taylor Rooks, and more famous faces were readily available to help Jay-Z imagine what a brand new and improved 40/40 could appear to be.

“We always planned to open a new location,” said 40/40 Club Vice President of Operations Sheldon Robinson he said Us Weekly. “Finding the right location that makes sense for the brand is key and takes time.”

“We have narrowed it down to the last few options and are now in the negotiation phase.”

The newly renovated club will function an official sports betting point where guests could have the chance to place live bets while watching sporting events on site, reports Complex.

“We hope to sign a lease by the end of this year and start work. The idea is that we will have a club in 2025,” Robinson added.

Since closing the doors of the unique 40/40 Club last August, Jay-Z has been on a mission to reopen the venue that helped the hip-hop mogul display his business acumen as he began his transformation from rap star to business magnate. His longtime friend and former Roc-A-Fella artist Memphis Bleek was first to be revealed 40/40 reopening plans.

“Jay definitely wants this to be part of his legacy,” Robinson said, noting that Jay-Z was “very involved” in the method. The Roc Nation founder has been “in different places and meetings” as the brand new club approaches its reopening.

The Fanatics Fest 40/40 Club experience featured framed jerseys from the club’s archives, grand chandeliers, stadium seating, and premium beverages and food inspired by the unique 40/40 Club menu. The invite-only event felt like a “step back in time” to a “revamped” version of Jay-Z’s first flagship location.

Jay-Z first opened 40/40 in New York City in 2003 in New York City’s Flatiron District. After referencing the club in his 2003 hit “Dirt Off Your Shoulder”, the rapper opened additional locations in Atlantic City in 2005, Las Vegas in 2007, Barclays Center in Brooklyn in 2012, and at Hartsfield–Jackson Atlanta International Airport in 2014. The Atlantic City and Las Vegas locations were the primary to close before the flagship New York City location closed in August 2023 with plans to reopen in a brand new location.


This article was originally published on : www.blackenterprise.com
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Home Depot to pay $2 million to settle false advertising case

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Home Depot has settled a civil case alleging false advertising and other deceptive business practices. The home goods store will pay nearly $2 million despite admitting no wrongdoing.

District attorneys in California initially filed the grievance in San Diego Superior Court. According to the Los Angeles County District Attorney’s Office, Home Depot allegedly cheated customers to pay the next price than the advertised price of the product. This was considered a “scanner violation”, the product label on the shelf won’t ring the identical on the checkout due to the costlier UPC code.

Case lawyer George Gascón called the settlement a “clear message” that these illegal practices by large corporations won’t be tolerated.

“False advertising and unfair competition are serious crimes that undermine consumer trust and distort the marketplace,” District Attorney Gascón explained in a press release. “When companies engage in deceptive practices, they not only deceive consumers, but they also gain an unfair advantage over companies that operate ethically and transparently. This settlement sends a clear message that such behavior will not be tolerated and underscores our commitment to protecting the rights of consumers in our community.”

The company began negotiations with district attorneys on August 26. As a result, the ruling ordered Home Depot to pay $1.7 million plus an extra $277,251 in investigation costs and damages. The additional fee may also support enforcement of consumer protection laws.

In addition, Home Depot is prohibited from promoting false advertising and charging more for an item than is visible. The ruling also ordered it to implement a price accuracy program. It includes more audits and training, in addition to eliminating weekday price increases.

However, an act of contrition was not certainly one of the necessities, as Home Depot didn’t admit to committing against the law. LADA noted that the corporate, which Identifies as the world’s largest home improvement retailer, cooperated throughout the investigation.


This article was originally published on : www.blackenterprise.com
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Orlando Magic Brings Big Dave’s Cheese Steaks to Florida

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The Orlando Magic are entering a brand new multi-year agreement with Big Dave’s cheesesteaks. The partnership will bring the growing franchise to Florida on the Kia Center in Orlando.

The location shall be the primary Big Dave’s in Central Florida. In a continued partnership with the Orlando Magic, its exclusive location will feature additional brand integrations throughout the sector, including a concession stand and food cart.

The Orlando Magic also spoke concerning the “power of teamwork” on this latest partnership.

“Magic is excited to partner with Big Dave’s Cheesesteaks and be the first to welcome this franchise to Central Florida,” Magic Senior Vice President of Global Partnerships JT McWalters said in a press release obtained by BLACK ENTREPRENEURSHIP“As two companies that believe in teamwork, we are excited to partner with the first Florida franchise and its new owner, Derek Lewis. We can’t wait to connect Big Dave’s Cheesesteaks with our local community and give our fans a taste of what it’s all about.”

Derrick Hayes founded Big Dave’s Cheesesteaks in 2016, starting out in a gas station in Georgia. The franchise has since expanded prolonged to five locations statewide, with one other recently opened in North Carolina. Now its first franchise owner, Lewis, is spearheading the trouble at Sunshine state.

“I am excited to bring Big Dave’s Cheesesteaks to the heart of the Orlando sports and entertainment scene,” said Lewis. “This partnership with the Orlando Magic and Kia Center is the perfect combination of exceptional food and exciting basketball. Opening our doors on October 11th during the preseason is just the beginning of what I believe will be a groundbreaking presence at the arena. As the first owner of a Big Dave’s franchise, I am committed to delivering the same quality and taste that Derrick Hayes made famous while creating an exceptional experience for Magic fans and guests.”

In addition, Lewis intends to grow Big Dave’s diverse community of cheesesteak lovers and sports fans. The chain also expects to open 10 locations within the Central Florida region.

“This venture is about more than just great cheesesteaks; it’s about supporting the community, celebrating diversity and being part of the electric atmosphere that the Orlando Magic brings to the city,” he added. “Get ready, Orlando – we’re going to elevate your game day experience!”


This article was originally published on : www.blackenterprise.com
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Junior Bridgeman reportedly buying 15% stake in Milwaukee Bucks

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At some point, the circle is closing, with former Milwaukee Bucks point guard Junior Bridgeman reportedly close to buying a 15% stake in the team he played for for many of his NBA profession.

According to , the 70-year-old Bridgeman, whose number two jersey has been retired by the Bucks, I’ll receive a privileged discount for the limited partner, which entitles him to a 15% share in the organization.

According to , Bridgeman currently owns Jet and Ebony magazines. The agreement states that the Milwaukee Bucks, a small NBA franchise, are value $4 billion. According to their sources, the NBA was alleged to notify the owners of the sale in a memo on September 12.

Bridgeman has built a net value of over $600 million largely through success in various businesses, including fast-food restaurants and running a Coca-Cola bottling distributor. Neither the Milwaukee Bucks nor Bridgeman himself have commented on the sale.

Although the team finished third in the Eastern Conference last season, they suffered a loss because that they had to make use of the luxurious tax and pay $52 million. According to , that quantity is NBA’s fourth-highest luxury tax.

The Bucks are expected to face similar luxury tax challenges in the 2024-2025 NBA season, with Giannis Antetokounmpo, Damian Lillard, and Khris Middleton set to make $48 million, $45 million, and $31 million, respectively. The team’s last ownership change got here in April 2023, when Cleveland Browns owners Jimmy and Dee Haslam bought a 25% stake from former co-owner Marc Lasry. At the time, before the NBA’s recent television deal, the Bucks were valued at $3.2 billion.


This article was originally published on : www.blackenterprise.com
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