Rick's Cabaret Slates 'Due Diligence Ball' for Tuesday

NEW YORK — Rick's Cabaret International Inc. is swinging open its doors to current and future investors at its "Due Diligence Ball" slated for Tuesday in New York.

Every year, after the company's second-quarter conference call, Rick's Cabaret gives investors an opportunity to see the company's operations firsthand and talk personally with CEO Eric Langan and other executives at the company's New York nightclub across from the Empire State Building.

"The ball gives the Wall Street crowd an up-close and personal look at how the club operates," Rick's Cabaret's Allan Priaulx told XBIZ. "We give them a behind-the-scenes tour on how the club works with its cash management system operations, its independent contractor performers and more."

Priaulx said the event is free to all and includes complimentary hors d'oeuvres and drinks at discount prices. The ball generally draws about 100 each year, he said.

Tuesday's conference call allows securities analysts and shareholders to hear management discuss results for the company's second quarter ending March 31. Priaulx said that one of the larger topics of the call will be the company's Las Vegas club.

Rick's Cabaret last month said it had "sharply reduced" operations at its 25,000-square-foot, two-level Las Vegas location and is seeking a buyer for the off-strip property.

Last year, the company had consolidated total revenues of $83 million, an increase of 9.4 percent over the $75.8 million reported in the previous year. But the company reported a loss from continuing operations of $7.6 million for the year.

Rick's Cabaret operates 23 nightclubs in New York City, Miami, Philadelphia, Charlotte, Dallas, Houston, Minneapolis and other cities operate under the names Rick's Cabaret, XTC, Club Onyx and Tootsie's Cabaret. It also owns Exotic Dancer and Storerotica and trades on the Nasdaq.

Related:  

Copyright © 2024 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

Swiss Navy Debuts New Variety Packs

Swiss Navy has introduced two new personal lubricant Variety Packs.

BasisDx Adds Expedited Results Option for 'Pro13' Home Testing Kit

PASS-certified home testing kit provider BasisDx has added a new option for expedited test results for its Pro13 kit.

Kiiroo, Pineapple Support Launch 'Empower Hour' Series on FeelHubX YouTube Channel

Kiiroo and Pineapple Support have teamed up to launch the “Empower Hour” series on the FeelHubX YouTube channel.

Orion Debuts 'Suck-O-Mat 3' Masturbator

Orion Wholesale has introduced the third edition of its Suck-O-Mat masturbator.

Biird Debuts 'Ohwii' Glass Dildo

Biird has introduced Ohwii, its new double-ended glass dildo.

Sportsheets Releases New Training Video for 'Edge' Line

Sportsheets has released its latest training video, titled "Edge Product Training," the third in a series hosted by Brand Ambassador Rin Musick.

Exsens Marks Its 10th Anniversary

Intimate wellness and body care brand Exsens is celebrating its 10-year anniversary.

Honey Play Box Debuts 'Trill' Vibrator

Honey Play Box has debuted its new Trill app-controlled vibrator, which joins Melody and Elektra in the company's Kegel toy collection.

Osuga Debuts 'Flow' Vibrator

Pleasure brand Osuga has introduced its new Flow vibrator.

Orion Unveils 6 New Styles From 'Black Level' Line

Orion Wholesale has introduced six new styles from its Black Level line.

Show More