50 Cent Obtains Promoter License For SMS Promotions In Nevada

50 Cent Obtains Promoter License For SMS Promotions In Nevada

50 Cent is an unstoppable force as he expands into almost every market place, most recently, he tries his hand at boxing promotion.

When 50 Cent's TMT Promotions company fell through because his partner Floyd Mayweather couldn't come up with his share of the money, 50 decided to go the solo route with a new company, named after his headphone line, SMS Promotions.

ESPN reports that last month 50 applied for a promoter license in Nevada, and his application was approved with a 5-0 vote from the Nevada State Athletic Commission. However, he still has a few more documents to provide, which he plans to do, including,  "two years worth of Jackson's income tax returns, a financial statement listing the fighters SMS has under contract and a letter stating that the assets that had been in TMT's name are now in SMS's name."

He was questioned from the commission about the mishap of TMT, and explained, "as [Floyd Mayweather] came out of incarceration (on Aug. 3 after two months in county jail in Las Vegas) he decided he wanted to do things differently, but I had already invested $1.5 million in acquiring fighters and I would like to move forward."

50 Cent already has a promoter's license in New York.

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