Home > News > Rick's Cabaret Takes 100% Stake in Future L.A. Topless Club • Bookmark   • Newsletters   • Register Search Options


Rick's Cabaret Takes 100% Stake in Future L.A. Topless Club

Rick's Cabaret Takes 100% Stake in Future L.A. Topless Club
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
Yes, but in a few years
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
Apr 2, 2013 2:15 PM PDT    Text size: 

LOS ANGELES — Rick's Cabaret International says it has agreed to purchase the remaining interest of a new topless nightclub yet to be opened in Los Angeles County.

"We are delighted that we will own 100 percent of this exciting new venue," Eric Langan, CEO of Rick's Cabaret, said in a statement.

The chain, with 37 adult clubs, wouldn't say where the club will be located in the county, only disclosing it will a medium-sized club with 12,000 square feet of space and located near major Los Angeles-area freeways.

Langan said the Los Angeles club, slated to open in June, allows the company to enter the California market, "giving us a true coast-to-coast network of clubs."  

Under terms of the deal signed last week, a subsidiary of Rick's Cabaret will use 100,000 restricted shares of common stock of Rick's Cabaret International Inc. to purchase the 50 percent of the club it did not already own. On Tuesday, Rick's Cabaret was trading at $8.73 a share, up two cents, in over-the-counter trading.

The deal hinges on adult club owner Jerry Westlun, who operates 19 clubs under the brands The Fantasy Showclubs and The Pony, successfully transferring permits, including sexually oriented business licenses, to the chain.

The club has been on the drawing boards and in construction for more than a year.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !


Quality Network Partners Bolster Cam Studio Success

There is a potent dynamic in the cam world between consumers, models, networks and studios, with each playing a vital role in the forging of this erotic ecosystem. One often overlooked factor is the role... More »

Retailers Talk BDSM Shopping Trends

These days, BDSM is so mainstream that it is being depicted in everything from beer commercials to telenovelas. Floggers, paddles, ball gags and handcuffs were once considered the bad boys of adult retail;... More »

Specialty Manufacturers Talk Popularity of Handcrafted BDSM Gear

The proverbial cat is out of the bag for fetishes — and the dog, and the dragon, and a whole other slew of kink accessories that put blindfolds and handcuffs to shame. “Fifty Shades”... More »
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.

Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Access the latest issues of the industry's leading trade publications in digital form. View online or download for offline viewing.


XBIZ Retreat

May 30 - Jun 03
Miami, Florida

XBIZ Miami 2017

May 30 - Jun 02
Miami, Florida

XShow 18+ 2017

Jun 01 - Jun 03
Moscow, Russia

Cam Summit

Jun 02 - Jun 04
Lloret de Mar, Spain
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!