Jay-Z's Atlantic City Nightclub Closes

Jay-Z's nightclub outpost in Atlantic City closed last fall after ending its lease early, The Press of Atlantic City reports. The rapper co-owned the 40/40 Club, which shut its doors October 27th in preparation for Hurricane Sandy, and never re-opened. A spokesman for the club said the hurricane damaged the building that housed the upscale sports bar, though a representative for the landlord, Tanger Outlets, disputed that claim.

The 40/40 Club opened in Atlantic City in October 2005 and had hosted a plethora of stars, including Beyoncé, Lil Wayne and Nicki Minaj. The club's lease extended through 2015, but a dispute last year between Tanger Outlets and Jay-Z's partners, Juan Perez and Desiree Gonzalez, led both sides to agree to end the contract in 2012 instead. Tanger last year filed a civil suit against Perez and Gonzalez, claiming they owed the company more than $115,000 in rent and other charges.

The 50 Greatest Hip-Hop Songs of All Time: Jay-Z, '99 Problems'

While a spokesman for the 40/40 Club said Hurricane Sandy left a hole in the roof and caused water damage, Tanger Outlets said the only damage they found in the building was left over from when the club closed. "There was no water damage to the space and no hole in the ceiling," Donna Danielson, the general manager of the retail center that included the bar, told The Press in a statement. "The club was in disarray from (operations) prior to the storm, and Tanger incurred costs of $4,970 to clean the space."

There were no reports of flooding near the club's address, which is one of the highest points in the city, according to The Press.

Jay-Z is also part owner of a 40/40 Club in Manhattan, which he renovated last year, and one at Barclays Center in Brooklyn, home of the Brooklyn Nets NBA team, of which Jay-Z is a minority owner. The rapper has also eyed a deal to bring the club to as many as 20 airports. He's been busy more recently preparing for a summer tour with Justin Timberlake.

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Jay-Z's Atlantic City Nightclub Closes

Jay-Z's nightclub outpost in Atlantic City closed last fall after ending its lease early, The Press of Atlantic City reports. The rapper co-owned the 40/40 Club, which shut its doors October 27th in preparation for Hurricane Sandy, and never re-opened. A spokesman for the club said the hurricane damaged the building that housed the upscale sports bar, though a representative for the landlord, Tanger Outlets, disputed that claim.

The 40/40 Club opened in Atlantic City in October 2005 and had hosted a plethora of stars, including Beyoncé, Lil Wayne and Nicki Minaj. The club's lease extended through 2015, but a dispute last year between Tanger Outlets and Jay-Z's partners, Juan Perez and Desiree Gonzalez, led both sides to agree to end the contract in 2012 instead. Tanger last year filed a civil suit against Perez and Gonzalez, claiming they owed the company more than $115,000 in rent and other charges.

The 50 Greatest Hip-Hop Songs of All Time: Jay-Z, '99 Problems'

While a spokesman for the 40/40 Club said Hurricane Sandy left a hole in the roof and caused water damage, Tanger Outlets said the only damage they found in the building was left over from when the club closed. "There was no water damage to the space and no hole in the ceiling," Donna Danielson, the general manager of the retail center that included the bar, told The Press in a statement. "The club was in disarray from (operations) prior to the storm, and Tanger incurred costs of $4,970 to clean the space."

There were no reports of flooding near the club's address, which is one of the highest points in the city, according to The Press.

Jay-Z is also part owner of a 40/40 Club in Manhattan, which he renovated last year, and one at Barclays Center in Brooklyn, home of the Brooklyn Nets NBA team, of which Jay-Z is a minority owner. The rapper has also eyed a deal to bring the club to as many as 20 airports. He's been busy more recently preparing for a summer tour with Justin Timberlake.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

Electronics Review Center

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Jay-Z's Atlantic City Nightclub Closes

Jay-Z's nightclub outpost in Atlantic City closed last fall after ending its lease early, The Press of Atlantic City reports. The rapper co-owned the 40/40 Club, which shut its doors October 27th in preparation for Hurricane Sandy, and never re-opened. A spokesman for the club said the hurricane damaged the building that housed the upscale sports bar, though a representative for the landlord, Tanger Outlets, disputed that claim.

The 40/40 Club opened in Atlantic City in October 2005 and had hosted a plethora of stars, including Beyoncé, Lil Wayne and Nicki Minaj. The club's lease extended through 2015, but a dispute last year between Tanger Outlets and Jay-Z's partners, Juan Perez and Desiree Gonzalez, led both sides to agree to end the contract in 2012 instead. Tanger last year filed a civil suit against Perez and Gonzalez, claiming they owed the company more than $115,000 in rent and other charges.

The 50 Greatest Hip-Hop Songs of All Time: Jay-Z, '99 Problems'

While a spokesman for the 40/40 Club said Hurricane Sandy left a hole in the roof and caused water damage, Tanger Outlets said the only damage they found in the building was left over from when the club closed. "There was no water damage to the space and no hole in the ceiling," Donna Danielson, the general manager of the retail center that included the bar, told The Press in a statement. "The club was in disarray from (operations) prior to the storm, and Tanger incurred costs of $4,970 to clean the space."

There were no reports of flooding near the club's address, which is one of the highest points in the city, according to The Press.

Jay-Z is also part owner of a 40/40 Club in Manhattan, which he renovated last year, and one at Barclays Center in Brooklyn, home of the Brooklyn Nets NBA team, of which Jay-Z is a minority owner. The rapper has also eyed a deal to bring the club to as many as 20 airports. He's been busy more recently preparing for a summer tour with Justin Timberlake.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

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Jay-Z's Atlantic City Nightclub Closes

Jay-Z's nightclub outpost in Atlantic City closed last fall after ending its lease early, The Press of Atlantic City reports. The rapper co-owned the 40/40 Club, which shut its doors October 27th in preparation for Hurricane Sandy, and never re-opened. A spokesman for the club said the hurricane damaged the building that housed the upscale sports bar, though a representative for the landlord, Tanger Outlets, disputed that claim.

The 40/40 Club opened in Atlantic City in October 2005 and had hosted a plethora of stars, including Beyoncé, Lil Wayne and Nicki Minaj. The club's lease extended through 2015, but a dispute last year between Tanger Outlets and Jay-Z's partners, Juan Perez and Desiree Gonzalez, led both sides to agree to end the contract in 2012 instead. Tanger last year filed a civil suit against Perez and Gonzalez, claiming they owed the company more than $115,000 in rent and other charges.

The 50 Greatest Hip-Hop Songs of All Time: Jay-Z, '99 Problems'

While a spokesman for the 40/40 Club said Hurricane Sandy left a hole in the roof and caused water damage, Tanger Outlets said the only damage they found in the building was left over from when the club closed. "There was no water damage to the space and no hole in the ceiling," Donna Danielson, the general manager of the retail center that included the bar, told The Press in a statement. "The club was in disarray from (operations) prior to the storm, and Tanger incurred costs of $4,970 to clean the space."

There were no reports of flooding near the club's address, which is one of the highest points in the city, according to The Press.

Jay-Z is also part owner of a 40/40 Club in Manhattan, which he renovated last year, and one at Barclays Center in Brooklyn, home of the Brooklyn Nets NBA team, of which Jay-Z is a minority owner. The rapper has also eyed a deal to bring the club to as many as 20 airports. He's been busy more recently preparing for a summer tour with Justin Timberlake.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

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On the Charts: Jay-Z's 'Glory' Zooms on YouTube

Jay-Z performs in New York City.

WINNER OF THE WEEK: Blue Ivy Carter. For obvious reasons. But also because the new Princess of Pop, daughter of Jay-Z and Beyoncé, makes her recorded debut, gurgling on the hip-hop star's happy, gospel-ish and clearly rushed "Glory" (the "feat. B.I.C." after Jay-Z's name is a nice touch). Released January 9th, it was too late to make this week's charts and isn't on sale via iTunes. Nonetheless, the most popular version of the video, which arrived on Jay-Z's website two days after the Exalted One's birth, is up to 1.4 million YouTube views. That's probably not enough to boost the song into pop-hit territory, but it's a nice little publicity boost for both singers during an (understandably) inactive time in their careers. Isn't that what children are for?

LOSER OF THE WEEK: The week itself. Not too surprising. Music fans stopped using their iTunes holiday gift cards and returned to the office or college. Also, Michael Bublé's Christmas, which ranked Number Two to Adele in 2011 sales, finally screeched to a halt. (Any freaks out there buy that thing during the first week in January?) From last week to this week, album sales dropped 25 percent, from 7.71 million to 5.80 million, according to Billboard, and track sales dropped 29 percent. Still, overall record-business optimism continues – album sales increased in 2011 by 1.3 percent, and first-week 2012 sales beat first-week 2011 sales by 7 percent. That's good news for the industry, although labels better figure out what to do, fast, when Adele's 21 finally drops off the charts. (It's at Number One for 15 straight weeks – the most since the Titanic soundtrack in 1998, and we sincerely apologize for putting that song back in your head.)

THE YEAR OF MRAZ (SO FAR): Taking advantage of the slowest week of the year, genteel singer-songwriter Jason Mraz released his new "I Won't Give Up" on iTunes and immediately hit Number One. (Adele's undead 21 album, and its latest single "Set Fire to the Rain," were a mere Number Two on Apple's songs chart.) A sentimental video full of lyrics printed on envelopes ("how old is your soul?") helped it rack up 229,000 sales in its first week, enough for Number One on Billboard's Digital Songs chart. Plus, it hit 2.4 million YouTube views in a little more than a week – not bad for early January.

LAST WEEK: Adele Ruled in a Dismal Year for Record Sales

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