Good work, Jay-Z!
I really hate most clubs in Las Vegas. There's often way too many people, making it incredibly hot, impossible to move around, and generally a bad time. This is an exception. I went this past Friday night during a special grand opening party and was pleasantly surprised. There are two levels. The top level has all the VIP rooms. There's also VIP seating on the edges. The Jay-Z lounge is awesome. You can play some pool but best of all there's a huge patio area that takes you right onto the strip. It's an amazing location.
The centerpiece of the 40/40 club is mulit-level couch seating (very comfortable) that faces perhaps the largest HD projection screen I've ever seen. The 40/40 doubles as a sports bar/restaurant during the day with no cover charge. I definitely plan to take in a game here sometime soon. The lower level includes a good size dance area and more places to grab a drink. The only drink I bought was a Bud Light for a surprisingly reasonable $5. (this is the strip)
The 40/40 is inside the Palazzo which hasn't even had it's official grand opening yet. Go and enjoy yourself.
UPDATE:
After going to 40/40 on a night where the drinks were not free, and they let just anyone in, I was sadly disappointed. 15 bucks for a long island? You've gotta be high. Oh, and I can't pay with my card unless I rack up 30 bucks or more? I'm outta here. Three stars for you. And that's for the location only.