Rick's Cabaret Curtails Operations at Las Vegas Club

LAS VEGAS — Rick's Cabaret International Inc. said Tuesday that it has "sharply reduced" operations at its 25,000-square-foot, two-level Las Vegas location and is seeking a buyer for the off-strip property.

“We have done everything possible to make this location viable since its acquisition in 2008 and we now believe it is in our shareholders’ best interests not to continue these efforts,” Rick’s Cabaret CEO Eric Langan said.

Las Vegas has been clobbered by downward spiraling housing prices, gambling revenue and employment in recent years, and it has barely been able to regain traction — a reason many entertainment venues, adult and mainstream, have gone dark.

Langan said that the company's move will result in a "top-line revenue decline" for the company and that it will make use of potential future tax benefits.

The club, which opened in 2006, is located at 3355 Procyon St. in Las Vegas and offers three stages, as well as a mezzanine "Sky Lounge."

Rick's Cabaret operates 22 upscale nightclubs, including sites in New York City, Miami, Philadelphia, New Orleans, Charlotte, N.C., Dallas, Minneapolis and Houston.

Related:  

Copyright © 2025 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Fantasy Gifts NJ Unveils 'Shave Stix' With Product Launch Event

Sexual wellness retailer Fantasy Gifts NJ introduced its new Shave Stix during a special event at its Lumberton location on April 17.

Motorbunny Now Available on 'Throne' Gift Platform

Motorbunny pleasure products are now available on Throne gift platform.

Honey's Place Now Distributing Camtoyz

Honey's Place is now distributing Camtoyz pleasure products.

ToyChats Announces Reviewer Incentives

Recently launched pleasure product review site ToyChats has announced a giveaway program for reviewers.

Paradise Marketing Acquires CondomMan

Paradise Marketing has acquired CondomMan distribution.

RIDMII Debuts New Sex Doll Collection

Pleasure brand RIDMII has introduced a new line of sex dolls.

VVD Debuts Combo Set With 'Vkini,' 'Rider Desire'

Pleasure brand VVD has debuted a new bundle with its Vkini vibrating bikini top and Rider Desire saddle.

B-Vibe Expands 'Butties' Collection, Debuts Harness Sets

B-Vibe has expanded its Butties collection with six new anal plugs and introduced two new harness sets.

Dame Acquires Chakrubs

Sexual wellness brand Dame has acquired luxury pleasure products company Chakrubs.

B-Vibe's 'Rimming Plug' Highlighted in Buzzfeed Article

B-Vibe's Rimming Plug vibrator has been recognized by Buzzfeed as one of 28 "must-have" pleasure products.

Show More