40/40 in Las Vegas could expand.

Rap superstar Jay-Z’s Las Vegas 40/40 Club is rumored to be at the center of talks with the Las Vegas Sands Corp. for a possible buy-in. The 40/40 Club could bring Jigga even more millions if a 50 percent stake in the company is sold. The Sands agreement would reportedly let the casino corporation open 40/40 Clubs in Europe and also expand the U.S. nightspot.

Lil’ Wayne to return his ring.

Lil’ Wayne has come to terms with a New Orleans jeweler who says the rapper snagged a $138,000 diamond ring and a $32,000 necklace – but only paid $24,000 for the bling. Weezy, who was sued by the jeweler, has reportedly agreed to return the ring and pay an agreed-upon balance to settle the debt. The sale took place last October. The jeweler’s lawsuit was filed this year.

Party Picks
More Party Pics Flip through an album of more exclusive photos of the party after the BET Awards after-party. Check the photos out here.

ESSENCE holds another star-studded music festival this weekend.
Check out pics from the event in New Orleans and come back to BET.com for more later today. Sound Off has the latest.

When will Jay-Z’s next album drop?
The “President” gives us a hint and talks about where he is in the creative process. The details at Sound Off.

Jay-Z’s club could be hit with a class-action lawsuit
A Manhattan judge has ordered management at rapper Jay-Z’s nightclub to turn over the names of all employees from the past three years. An ex-waitress’ lawyer wanted the names, in connection with a lawsuit that alleges Jigga’s establishment didn’t pay minimum wage or overtime. “This is a good day for restaurant workers all over the city,” said plaintiff’s attorney Maimon Kirschenbaum. He’s reportedly planning to recruit from hundreds of other club workers who may want to join the lawsuit.

Morgan Freeman, wife have 24 years together
Morgan Freeman says he has no knowledge of where rumors that he’s anticipating a divorce from his wife of 24 years originated. The actor was reportedly questioned about his marital status at a recent celebrity event, following word that he’d been unfaithful. “I don’t know anything about that,” Freeman said. A spokesman for the actor, who’s currently co-starring role is in the Matrix-esque film Wanted, adds: “We officially have no comment.”