London (ANI): Rapper Jay-Z is said to have scrapped plans to invest
in a racetrack casino project in New York after state officials
allegedly ordered all backers to hand over detailed records of
their finances. Jay-Z, 40, owns a share in the Aqueduct
Entertainment Group (AEG), which won a contract to add video slot
machines to New York City"s Aqueduct Racetrack in Queens, reports
the Daily Star.
But now according to the New York Observer, he has pulled out
after officials brought in new rules, which will force all the
investors to submit comprehensive records on their own finances,
and those of their spouses, to the state. The order would mean the
rap star and his superstar wife Beyonce would have to turn over
private details of their finances. The project is now reportedly
set to go ahead without the star"s investment.