This Slide: #18 of 26 |
Slide #18. Rick's Cabaret International, Inc. — 49 Percent Interest In Dallas Gentlemen's Club "PT's Platinum"
Acquirer:
Rick's Cabaret International, Inc. (NASDAQ:RICK)
Acquiree:
49 Percent Interest In Dallas Gentlemen's Club "PT's Platinum"
Details:
A subsidiary of Rick's Cabaret International, Inc., (NasdaqGM:RICK), a leading hospitality company with restaurants and gentlemen's clubs nationwide, purchased 49 percent of a corporation that operates the Dallas club "PT's Platinum."
RCI Hospitality Holdings is a holding company. Through its subsidiaries, Co. is engaged in a number of activities in the hospitality and other businesses. Co.'s subsidiaries operate various establishments that provide live adult entertainment and/or restaurant and bar operations, including one location that was temporarily closed. Co. also operates a business communications company serving the adult nightclubs industry. Co. operates several businesses into two reportable segments: Nightclubs, which Co.'s subsidiaries owns and/or operates adult nightclubs serving primarily businessmen and personnel; and Bombshells, which Co.'s subsidiaries owns and operates restaurants and sports bars.
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