ATLANTIC CITY, N.J. (CBSNewYork/AP) — Atlantic City’s 40/40 Club, co-owned by hip-hop star Jay Z, has closed.

The Press of Atlantic City reported the $4 million club actually shut down in October when its lease expired.

Club spokesman Ron Berkowitz told the newspaper the club has not operated since Superstorm Sandy flooded it and tore a hole in the roof, right around when its lease ended.

Since it opened in October 2005, the club hosted stars including Beyonce, rapper Lil’ Wayne, and rapper and current “American Idol” judge Nicki Minaj, in addition to numerous sports celebrities.

A spokesman for Tanger Outlets said it is seeking a new tenant for the prime space.

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