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Slide #25. Rick's Cabaret International, Inc. — Adult Business In Midtown New York City
Acquirer:
Rick's Cabaret International, Inc. (NASDAQ:RICK)
Acquiree:
Adult Business In Midtown New York City
Details:
Rick's Cabaret International, Inc., the publicly traded group of upscale gentlemen's clubs, has agreed to acquire a second adult business in midtown New York City. The company plans to create a new gentlemen's club on the midtown Manhattan site near Times Square.
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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Strong Buy (4.00 out of 4) 81st percentile
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