VCG Acquires Massive Adult Venue in Denver

LAKEWOOD, Colo. — VCG Holding Corp. is ramping up its business with the acquisition of its eighth adult nightclub — a 33,000-square-foot venue in Denver.

Lakewood, Colo.-based VCG purchased the Diamond Cabaret for $6 million, as well as its wine and champagne inventory for approximately $187,000, from the estate of Bobby Rifkin, who for nearly three decades operated clubs in the Denver area before succumbing to cancer last year.

“Today marks a new beginning for the Diamond Cabaret but with a sincere perspective of where it began. My vision is for VCG to acquire premier adult nightclubs throughout the United States,” VCG CEO Troy Lowrie said. “This vision includes the essence of what Rifkin started."

The deal, which gives VCG control of five adult clubs in Denver, includes a three-year non-compete agreement with Rifkin’s business partners.

VCG, which owns and/or operates five nightclubs that feature exotic dancers, inked a licensing agreement earlier this year with Penthouse magazine owner General Media Communications Inc. of New York to use the Penthouse trademark for undisclosed terms.

PT's Showclub in the Denver area recently reopened as the Penthouse Club Denver. It shares the Penthouse name with existing Penthouse Clubs in Greenville, S.C.; Cleveland; Dallas; San Antonio, Texas; and New York City.

The company's subsidiary, International Entertainment Consultants, manages 15 clubs, including the five owned by VCG. Lowrie, who owns more than 60 percent of the company’s stock, is principal owner of the other 10 clubs.

VCG, which had revenue of $9.1 million in 2003, saw a 150 percent increase in sales growth last year. The company posted net income of $700,000.

The company’s business plan is to acquire existing strip clubs available for sale and refurbish them both in the interior and exterior.

In midday trading Wednesday, VCG’s stock was up by 10 cents at $3.15 on the Over-the-Counter Bulletin Board.

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

Hubba Hubba Launches Crowdfunding Campaign

Adult retailer Hubba Hubba has launched a GoFundMe to raise funds for store repairs and to pay its bills.

Kheper Releases New 'Santa's Secret Positions' Game Collection

Kheper Games has released its new "Santa’s Secret Positions" collection of couples games.

DDLGland Debuts 'Halloween' Butt Plug Collection

Pleasure brand DDLGland has unveiled its new Halloween butt plug collection.

Sagami Original Debuts '0.01' Extra-Thin Condoms in UK

Japanese wellness brand Sagami Original has introduced its 0.01 condoms, which it dubs the "world's thinnest," in the U.K. market.

Eris Jolie, Leah Hayes Star in Latest From TGirls.Porn

Eris Jolie and Leah Hayes star in the latest release from Grooby paysite TGirls.Porn, titled “Let’s Not Talk About Last Night.”

Annie King, Satine Summers Topline Latest 'Lesbian Daughter In-Laws'

Annie King and Satine Summers headline the seventh volume of "Lesbian Daughter In-Laws," from Girlfriends Films.

Pure Taboo Premieres Bree Mills Thriller 'The Secrets We Share'

Reigning XMAs winners Lilly Bell and Penny Barber star in the latest Bree Mills-directed thriller feature from Pure Taboo, "The Secrets We Share."

Onahole Introduces New 'Croissant' Stroker

Pleasure brand Onahole has introduced its new Bread de Ecstasy Croissant stroker.

Vanna Bardot Performs Her 1st Airtight for Deeper

Two-time XMAs Female Performer of the Year Vanna Bardot has performed her first airtight scene for Vixen Media Group (VMG) studio imprint Deeper, alongside Dan Damage, Parker Ambrose, and Dante Colle.

Leana Lovings Gets Mean in Her Brazzers Return

Leana Lovings stars with Kay Kay and reigning XMAs Male Performer of the Year Alex Jones in the latest release from Brazzers, titled “She's Mean & They Like It.”

Show More