So remember not too long ago I told you that Jay-Z was in a secret alliance with the Governer of NYC? Well this seemed to be a complete nightmare for Jay-Z as he PULLED OUT of the whole project!
Jay -Z has had a minor share in a company called AEG (Aqueduct Entertainment Group) that won a contract to open up New York's aqueduct to gambling with video lottery terminals. The contract is extremely lucrative, but has been marred by what appeared to be an unethical business advantage during the bidding process. Now, as the company faces more scrutiny over financials by the state government, the New York Observer is reporting that Jay-Z has pulled out altogether.
All investors had to submit comprehensive financials to the state that account for personal finances of both investor and spouses, which according to my sources, Jay-Z was not trying to give up. We know how he likes to keep his personal life super private. That would have meant that Jay would have to provide a detailed rundown of both his and Beyonce's monetary situation. Guess he just wasn't feeling it.
"Aqueduct Entertainment Group is continuing to move forward to complete the MOU, so that we can pay the state $300 million by March 31st and break ground on this vital job-creating project as soon as possible,"said Jeffrey Levine, founder of AEG.
"All applications have been submitted to Lottery in full compliance with the State's instructions."
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