Quick Index
 Adult Industry News
Search AINews Database
Type Keyword or Phrase Here
HardArt Films Pornography feminists unshackle their desires and celebrate their sexuality in the patriarchal world
   
 

Front Page
Film News
Media News
Business News
Clubs & Appearances
Law & Politics
Internet & Mobile News
Lifestyles Arts Health Charity
Letters to the Editor
Columns
Movie Spotlight Reviews
Interviews
Pornstar Pages
AINews Staff
Ad Rates
PR 101: Press Release Service

Porn for GEEKS! Meet me & my friends!

Brea Bennett at Twistys

April 18, 2008 05:58am
Rick's Buys Scores LV
Source: Rickís Cabaret International, Inc.
by: Company Press Release

(HOUSTON, TX) -- Rickís Cabaret International, Inc. (NASDAQ- GM:Rick), the premier publicly traded operator of adult night clubs, said today it has signed a definitive agreement to buy Scores-Las Vegas, a 25,000-square foot gentlemenís club in Las Vegas for $21 million.

Rickís Cabaret will purchase Scores-Las Vegas from Di Food & Beverage of Las Vegas, LLC for $16 million in cash and a $5 million convertible debenture bearing 4 percent interest. As part of the acquisition Rickís Cabaret also acquires an option to buy the property on which the club is located, just off the Las Vegas Strip.

''We are delighted that we will own a premier club in one of the most important entertainment and recreation centers in the world,'' said Eric Langan, President and CEO of Rickís Cabaret. ''Scores-Las Vegas is clearly one of the most outstanding gentlemenís clubs in the United States. The transaction is consistent with our target of paying three to five times earnings before income tax, depreciation and amortization (EBITDA) for existing, profitable clubs that are immediately accretive to our bottom line and have the potential to grow.''

Closing on the transaction is scheduled for June 10 and is subject to certain closing conditions, including but not limited to Rickís Cabaret obtaining adequate financing, approval by relevant regulatory authorities of the transfer of ownership in the selling entity and other conditions consistent with transactions of this type. As a condition of closing the sellers have agreed to demonstrate gross revenues for the preceding 12 months of at least $18.5 million and earnings before income tax, depreciation and amortization of not less than $4 million. The company believes this acquisition will add 29 cents per share to earnings on an annual basis.

The purchase would bring to 18 the number of clubs owned and operated by the company, including the recent acquisition of clubs in Philadelphia and Dallas.

Scores-Las Vegas opened on September 21, 2005 at 3355 S. Procyon St near the intersection of Desert Inn and Valley View. Operating 24/7, 365 days a year, the club has become a favorite of celebrities and athletes. It was named the winner of the ''Best Club in the Southwest Region 2006'' at the Adult Nightclub & Exotic Dancer Award Show, ''Best Gentlemen's Club of Las Vegas 2006'' by the Las Vegas Review Journal and ''Best Gentlemen's Club 2006'' by the Las Vegas Weekly. Scores-Las Vegas has also been featured on HowardTV, .TV, Fox, CNN, MSNBC and G4TV. Its two levels offer fine dining, cocktails, luxury VIP rooms, sports viewing on more than a dozen plasma screens, private parties and entertainment by approximately 500 international showgirls. The clubís amenities include the intimate Grand Havana Private VIP Salon with warm fire places, over-stuffed pillows, marble floors with mosaic accents, a mezzanine overlooking the six show stages, plus the Library Bottle Lounge and Piano Room.

Late night features include an ''after-hour'' scene in the Sky Bar, a separate 5,000 square foot late night dance entertainment area on the mezzanine level. Unique shows nightly include breathtaking aerial acts, Las Vegas style showgirl revues and various other show stopping feature acts. The club bills itself as ''the perfect destination for a casual night on the town, business dinners, special events or the traditional bachelor party.''

HardArt Films

Related Stories

Related Sites - WARNING! Graphic Content

RavenBay01.3gp

New AINews Website

Top Stories

MWA: 05/24/19

MWA: 05/21/19

Sofie Marie on Swinging

MWA: 05/08/19

2019 Club EXPO Breaks Record

Emori Pleezer: BDSM Princess

Expo 2019: A Star is Born

AEE 2019: Is Camming the New Porn?

2019 XRCO Awards Nominations Announced

MWA: 04/20/19

MWA: 04/12/19

AEE 2019: Ela Darling

AEE 2019: Sofie Marie

AEE 2019: Cindy Starfall on Swinging and Camming

MWA: 04/10/19

Stunning Summer Now Loves Models Talent Agent

AEE 2019: Christiana Cinn on Porn and Camming

AEE 2019: Bree Mills, Part Two

AEE 2019: Bree Mills, Part One

Alexis Fawx: A Lesson in Self-Awareness

MWA: 04/01/19

AEE 2019: Sofia Rose, BBW Sweetheart

AEE 2019: Taylor Stevens on Camming

AEE 2019: Kelley Cabbana and Camming

MWA: 03/29/19

AEE 2019: Cory Chase

MWA: 03/27/19

MWA: 03/25/19

AEE 2019: Ember Snow Talks Cam Girls

MWA: 03/16/19

MWA: 03/08/19

MWA: 03/01/19

Charlie Biggs RIP

AEE 2019: Vanna Bardot Update

Discloses Searches for Prostitutes

Elements ~ Reviewer Rated

Industry Veteran D. Wise Passes

Decline of Big Girl Market

AEE 2019: The Code and August Ames

AEE 2019: Nina at Thirty-five

Angel Marie at Lust

Sexual Harassment ~ Reviewer Rated

MWA 12/19/18

MWA: 12/12/18

Sarah Vandella: Pushing my Boundaries

MWA: 12/10/18

MWA: 12/08/18

Reagan Foxx: A Ton of Fun

MWA: 11/28/18

MWA: 11/18/18

Depression in the Industry

Vanna Bardot: The Girl with the Braces

Scarlett Mae: Making Sex Feel Natural

MWA: 11/08/18

HardArt's Sexual Harassment Trailer

MWA: 11/07/18

HardArt Announces Sexual Harassment

Love in the Digital Age ~ Reviewer Rated

Being a Pornstar

Sexual Harassment Trailer

HardArt Lauches Website

OneStone Hub

E11EVEN, Nova Win at ED Expo

HardArt Rejects Director Sally Forth

MWA: 08/19/18

Stokely Cherry OTM

August Taylor MILF PoY Nom

Phoenix Divina Hooking

ED Expo Opening Party

Vickie Jay on VNALive

HardArt 3 Pic Deal

Iron Girls 6

Carmen Valentina NightMoves Nom

Dillion Harper at Expose

Texas, Monroe, Valentien to SEXPO

The Puppeteer

Urban X Voting Open

Brooklyn Chase in Madison

HardArt's Hypersexuals a Success!

TES Affiliate Conference

Jessica Johnson Hooking

MWA: 07/27/18

Vote Olive Glass, NightMoves

Attn: Club Owners, Managers, Staff, Entertainers

2018 Inked Awards

Hard Art's Hypersexual

MWA: 07/25/18

Johnson Hosts Urban X

Dee Wallace at Horrorfest

MWA: 07/19/18 - XRCO

AirBnB Discriminates Against Sara Jay

Hard Art Shoots First

MWA: 07/21/18

Holly Hendrix at Exxxotica

Karen Fisher at Exxxotica

Carmen Valentina at Exxxotica

DomCon Registration Opens

Luna Star at Exxxotica

Elvira Receives Price Award

BSF Media Welcomes Sabrina Deep

MWA: 07/18/18

Jenevieve Hexxx Site Launch

Sex Expo NY 2018

MWA: 07/16/18

MWA: 07/15/18

Bush 7

Hard Art Signs Director

Pulse Inks Hard Art

MWA: 06/28/18

New Studio: Hard Art

XRCO Changes Venue

The Roast of April O'Neil

McCullough, Rai on Inside

Morgan, Foxxx CoHo XRCO

Big Ass Rubdown ~ Reviewer Rated

MWA: 05/03/18

MWA: 04/29/18

MWA: 04/28/18

Natasha Nice Free Agent

Holly Hendrix Self Booking

CDC: Undetectable HIV

2018 XRCO Nominees

YummyGirl

Natasha Nice Gangbang

Amateur Introductions 26

Sex Expo NY 2018

2018 XRCO Awards Announced

Anal Violation of Bonnie Grey ~ Reviewer Rated

Eros, a Short Film

Lee Signs Victoria June

Maxine X Voted #1

Czernich Releases Heavy Rubber 37

Legal Panel: Weinstein, #MeToo

Consent Checklist

Nice Girls Swallow 10

Paradise Wins Best Condom

Paradise, Astroglide StorErotica Nom

Paradise Marketing New Website

Dennis Paradise Inducted

More
Stories From

Business News

Stunning Summer Now Loves Models Talent Agent

HardArt Lauches Website

HardArt 3 Pic Deal

Hard Art Shoots First

Hard Art Signs Director

Pulse Inks Hard Art

New Studio: Hard Art

Holly Hendrix Self Booking

Natasha Nice Free Agent

Consent Checklist

LewdWork Adult Job Board

Romantic Depot Harlem

Paradise, Astroglide StorErotica Nom

Spotlight Studios Adult Industry Party

Valentina Nappi Available in 2017

Osa Lovely Signs Skyn

Genuine Sin VR

Brothel Seeks Britney Spears Lookalike

Winter Wonderland at XBIZ

Press Release Service

Nina Kayy with Skyn

Coxxx Models Licensed in CA

Bukkake Participants Needed

Lolly Ink Self Booking

XBIZ 2017 Show

Allison Kilgore Returns

Tera Patrick Available

Skyler Nicole Available

Angela White US Resident

Valentina Nappi Available

Prague for TES

Invitation to the Venus

Business News Section Index

NightMoves Call for Sponsors

Dava Foxx Self-Booking

Kahlista Stonem Available

The Hedge Against Exploitation

Toy with Raquel Sultra

XBIZ Berlin Schedule

Savana Styles Available

ChargeSavvy at ED Show

Driller Signs The Rub

NightMoves Calls for Sponsors

Casting Call

ABK Beta Users Free

OC Signs Darcie Dolce

Brittany is Back

Dollie Darko with 101 Modeling

Mercy West Available

The V Agency Joins LATATA

Sin Claire with Foxxx

New Smash VP Wyatt Case

Epoch Club Special Event

Ink Inks OC, The Rub

XBIZ 2016 Announced

RAW Signs Sasha Bradshaw

Direct Reps Harper

AJ Applegate Available

Dennis Paradise Inducted

AINews New Look

     
Copyright © 1998 - 2018 Adult Industry News (AINews.com)
All materials constituting text, articles, press releases, stories, columns, photographs, graphics, and code on the AINews.com domain are protected by copyright, and either owned by Adult Industry News (AINews.com), or reproduced with permission from other copyright owners. It may be downloaded and printed for personal reference, but not otherwise copied, altered in any way, or transmitted to others, without the written permission of Adult Industry News (AINews.com).