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

Full Circle Debuts New 'Cleo Feather' Vibe

Pleasure brand Full Circle has introduced its new Cleo Feather Tickler vibrator.

Pjur Launches 'Toy' Line in North America

Pjur has announced its Toy series of wellness products will be available for purchase in the U.S. starting in September.

Orion Expands Cottelli 'Costumes' Line

Orion Wholesale has introduced two new outfits from its Cottelli Costumes line.

Harry Styles' Lifestyle Brand Enters Sexual Wellness Space With 'Pleasing Yourself' Vibe, Lube

Pleasing, the lifestyle brand founded by Harry Styles, has launched its first sexual wellness product line, Pleasing Yourself, featuring a double-sided vibrator and a silicone lubricant.

Tenga Names Kyrie Hara Sales Lead

Japanese pleasure brand Tenga has appointed Kyrie Hara as its new sales lead for Tenga USA.

Electric Novelties Expands 'Together' Collection

Electric Novelties has introduced four new items from its Together collection.

Motorbunny Debuts 'Grip' Stroker Attachment

Motorbunny has introduced its Grip stroker sleeve attachment for its sex machines.

SOS Distribution Names Jake Solorzano Account Executive

SOS Distribution has appointed Jake Solorzano as its new account executive.

Orion Debuts 'RC Flashing Butt Plug' From 'Anos' Line

Orion Wholesale has introduced the RC Flashing Butt Plug from its Anos line.

Two Texas Bills Restricting Sex Toy Sales Fail to Pass

Two bills aimed at restricting sales of sex toys have failed to pass the Texas state legislature during its 2025 session.

Show More