{"id":247207,"date":"2022-12-08T15:14:49","date_gmt":"2022-12-08T21:14:49","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=247207"},"modified":"2022-12-08T16:54:41","modified_gmt":"2022-12-08T22:54:41","slug":"ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/","title":{"rendered":"Rick\u2019s Cabaret Bringing Casino-Strip Club to Colorado"},"content":{"rendered":"

Central City — one of the three Colorado towns where casino gaming is legal — might be getting a sultry addition to its gaming scene.<\/p>\n

\"Rick's
Dancers at Rick’s Cabaret. Parent company RCI Hospitality is opening a casino in Central City, Colo. (Image: YouTube)<\/figcaption><\/figure>\n

RCI Hospitality Holdings, Inc. (NASDAQ: RICK), which is the company behind Rick\u2019s Cabaret and several other well-known gentleman\u2019s clubs, said it closed on the purchase of a four-story, 30,000-square-foot building at 130 Main Street in Central City. The buyer paid $2.4 million in cash for the property and is planning to open a Rick’s Cabaret Steakhouse & Casino there.<\/p>\n

The venue will feature \u201cfine dining, casino\/sports betting, and entertainment,\u201d according to the statement. \u201cEntertainment\u201d is not elaborated on, but the Houston-based company has roots in adult entertainment.<\/p>\n

Founded in 1983, the Rick’s Cabaret brand pioneered the creation of elegant gentlemen’s clubs featuring beautiful topless dancers and high-quality restaurant service,\u201d according to RCI Hospitality\u2019s investor relations website.<\/p><\/blockquote>\n

RCI and its subsidiaries run more than 60 gaming venues, gentleman\u2019s clubs, and sports bars across the US.<\/p>\n

Competitive Colorado Casino Scene<\/h2>\n

RCI Hospitality is entering Colorado at a time of growth and increasing competitiveness in the state\u2019s three casino towns. It\u2019s also one of the fastest-growing sports betting states<\/a> in the country.<\/p>\n

\n

In 2020, voters there approved Amendment 77<\/a>, which set the stage for the gaming towns of Black Hawk, Central City, and Cripple Creek to ditch the prior $100 per hand cap on table game bets. Analysts expect that will not only boost gross gaming revenue (GGR), but also lead to a high-end clientele visiting Colorado casinos, with those guests potentially committing to overnight stays, rather than day trips.<\/p>\n<\/div>\n

\u201cFor the 12 months ended June 2022, more than $1 billion was wagered on slot machines in Central City, generating more than $80 million in adjusted gross proceeds. In 1991, gambling was legalized in the historic mining towns of Central City, Cripple Creek, and Black Hawk. In 2020, sports betting was legalized, and in 2021, the state removed all betting limits,\u201d according to RCI Hospitality.<\/p>\n

Other gaming venues in Central City include Century Casino, Dostal Alley Casino, Dragon Tiger Casino, and Easy Street Casino, among others.<\/p>\n

\u201cRCI subsidiaries have applied for a gaming license to operate 175 slot machines, six blackjack tables, one craps table, and one roulette table in Central City,\u201d according to the company.<\/p>\n

Rick\u2019s Cabaret Gaming Footprint<\/h2>\n

It\u2019s not uncommon for strip clubs<\/a> to pursue gaming licenses in some form in states where wagering is permitted. More such establishments may be apt to pursue those permits due to a slump in visitors caused by the coronavirus pandemic.<\/p>\n

As for RCI Hospitality, Colorado isn\u2019t the company\u2019s initial foray into gaming. The company offers various wagering options at locations in Illinois and Louisiana.<\/strong><\/p>\n

RCI operates gentleman\u2019s clubs under the Cheetah Club, Club Onyx, Jaguars Club, Rick\u2019s, and Temptations brands, among others.<\/p>\n","protected":false},"excerpt":{"rendered":"

Central City — one of the three Colorado towns where casino gaming is legal — might be getting a sultry addition to its gaming scene. RCI Hospitality Holdings, Inc. (NASDAQ: RICK), which is the company behind Rick\u2019s Cabaret and several other well-known gentleman\u2019s clubs, said it closed on the purchase of a four-story, 30,000-square-foot building […]<\/p>\n","protected":false},"author":46,"featured_media":247209,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62],"tags":[],"acf":[],"yoast_head":"\nRick's Cabaret Parent Company Opening Casino-Strip Club In Colorado<\/title>\n<meta name=\"description\" content=\"Rick's Cabaret is planning casino-strip club in Colorado gaming town of Central City.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rick's Cabaret Parent Company Opening Casino-Strip Club In Colorado\" \/>\n<meta property=\"og:description\" content=\"Rick's Cabaret is planning casino-strip club in Colorado gaming town of Central City.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-08T21:14:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T22:54:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/dancers.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/\",\"url\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/\",\"name\":\"Rick's Cabaret Parent Company Opening Casino-Strip Club In Colorado\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/dancers.jpg\",\"datePublished\":\"2022-12-08T21:14:49+00:00\",\"dateModified\":\"2022-12-08T22:54:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Rick's Cabaret is planning casino-strip club in Colorado gaming town of Central City.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/ricks-cabaret-parent-company-opening-casino-strip-club-in-colorado\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/dancers.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/12\/dancers.jpg\",\"width\":1280,\"height\":720,\"caption\":\"Dancers at Rick's Cabaret. 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