Inside Denver's Biggest Strip Club Empire and Crime Concerns

However, this month's shooting was the first since the venue was purchased by Houston-based, which describes itself as"the country's leading company in gentlemen's clubs and sports bars/restaurants." Also acquired were four other Denver area nightspots: Mile High Men's Club, 4451 East Virginia Avenue; PT's Showclub Centerfold, 3480 South Galena Street; La Boheme Gentlemen's Cabaret, 1443 Stout Street; and the Diamond Cabaret, 1222 Glenarm Place.

RCI has many other establishments in its portfolio — more than forty, including clubs in New York City, Chicago, Dallas/Fort Worth, Houston, Miami, Minneapolis, St. Louis, Charlotte and Pittsburgh in addition to Denver. The businesses operate under brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, Scarlett's Cabaret and, for its sports bar/restaurant chain, Bombshells Restaurant & Bar.

The Denver properties were among eleven adult nightclubs purchased for $88 million by the company in six states , along with six related real estate parcels and associated intellectual property. Nine of the local clubs had been controlled by Lakewood-based entrepreneur Troy Lowrie, an outsized personality known for speaking his mind: Back in 2011, heLowrie offered this quote at the time of the deal: "These clubs have been my father's and my life's work.

Added Eric Langan, RCI's president and CEO:"This is exactly the type of sizable transaction for which we have been searching. All the clubs are well-established and proven cash generators. Troy and his team should be recognized for their accomplishments. We believe the quality of the clubs' licenses and locations enhance the value of the collective acquisition to us."

The purchases were RCI's biggest deal since it was founded in 1995, as well as"one of the largest in the history of the gentlemen's club industry," the firm maintained — and it expected them to make a sizable contribution to its bottom line. For the six-month period ending March 31, 2021, RCI reported revenues of $82.5 million, while the eleven clubs generated $40 million in revenue for the 2019 fiscal year.

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