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.jpg) Rick's Cabaret strip club in Minneapolis, 2021 | |
| Company type | Public |
|---|---|
| Traded as | Nasdaq: RICK |
| Industry | Strip clubs, nightclubs, adult websites, American Restaurant chain |
| Founded | 1983; 41 years ago (1983) |
| Founder | Robert Watters, Eric Langan |
| Headquarters | Houston, Texas, U.S. |
| Area served | Texas, New York, Florida, Arizona, North Carolina, Minnesota, Pennsylvania, Illinois, Colorado, Indiana, Kentucky, Louisiana, Maine |
| Key people | Eric Langan (CEO), Travis Reese (EVP), Bradley Chhay (CFO) |
| Revenue | $267.62 million |
| Website | rcihospitality |
RCI Hospitality Holdings, Inc. (previously Rick's Cabaret International, Inc.), through its subsidiaries, operates strip clubs, nightclubs, sports bars/restaurants, and a media and convention company that serves the adult club industry. RCI went public with an IPO in 1995 is listed on The NASDAQ Global Market under the symbol RICK.
History
The company was founded in 1983 by Robert Watters and is based in Houston, Texas. In 1998, the company merged with Taurus, Inc., which owned the XTC Cabaret chain and was controlled by Eric Langan, who eventually became the RCI's president and CEO in 1999. Langan acquired his first gentlemen's club in Texas at age 21 with $40,000 from the sale of his baseball card collection. Subsequently, RCI expanded inside and outside of Texas to states such as New York, Illinois, Florida, Arizona, Minnesota and others, and entered related businesses, such as sports bars/restaurants and nightclubs.
Nightclubs
RCI owns more than 55 strip clubs under various names for various clienteles. In 2007, the company purchased Tootsie's Cabaret, now the largest strip club in the world.
RCI has been named to Forbes magazine list of the 200 best companies. It has been profiled in The Wall Street Journal, Fortune, MarketWatch, Corporate Board Member, SmartMoney, The New York Daily News, USA Today as well as other publications.
Rick's Cabaret in New York City Steakhouse was listed in Zagat's New York Nightlife and included in the TONY 100 list of fine Manhattan dining establishments by Time Out New York.
Entertainment sites Gothamist, Thrillist, Complex, Miami New Times, Broward New Times, Southflorida.com, and Timeout.com have named clubs operating under RCI to their "Best Strip Club" lists. RCI has also won multiple Awards from Ed Publications including 2019 Club Chain of the Year.
On August 4, 2023, all four RCI clubs in Miami were named to Time Out's "Best strip clubs in Miami" list.
On August 28, 2024, Scarlett's Cabaret Miami was named Overall Club of the Year at the Annual Gentleman's Club Expo in Dallas.
Restaurants
RCI subsidiaries own and operate Bombshells Restaurant & Bar, a military-themed sports bar/restaurant chain first opened in 2013. Bombshells has 13 locations in Texas and one in Colorado. The chain is also known for its “Bombshells Girls” servers, outfitted with military-inspired uniforms.
In 2018, Restaurant Business magazine named Bombshells Restaurant & Bar to its "The Future 50" list of fastest-growing concepts.
See also
References
- "Key Executives"
- "Marketwatch Financials"
- "Tootsies Cabaret sold for $25M". www.bizjournals.com. Retrieved 2023-10-21.
- "World's Largest Strip Club is Tootsie's Cabaret in Miami!". 14 November 2023.
- America's 200 Best Small Companies Of 2009
- Casey, Nell (August 20, 2015). "The 7 Best Strip Clubs In NYC". Gothamist. Retrieved November 29, 2021.
- "Best Play 2018". Miami New Times. Retrieved November 29, 2021.
- RCI named Best Club Chain of the year 2019
- "11 Best Strip Clubs in Miami for a Wild Night Out". Time Out Miami. 2023-08-04. Retrieved 2023-09-20.
- "RCI Wins Three Top Industry Awards, Including Scarlett's Cabaret Miami for Overall Club of the Year" (Press release).
- Kearney, Syd (2014-11-19). "A battalion of nubile women serve up dishes at Bombshells". Chron. Retrieved 2023-10-05.
- "The Future 50 2018"