Interview with: Eric S. Langan, Chairman, President and CEO - featuring: their upscale gentlemens clubs and adult-oriented Websites. |
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Ricks Cabaret International, Inc. (RICK-NASDAQ) |
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This is a printer friendly page! Since they are a publicly
held company, opening a club in New York City has enabled Ricks Cabaret
International to gain exposure to Wall Street, giving stockbrokers and analysts access to
their product
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The growth in our industry is phenomenal right now. Consolidation is happening and where 5 years ago, there were less than 15 operators multi-club operators; today there are probably 50 multi-club operators out there. The number of clubs that those operators own is growing every month; there are more acquisitions being made and those companies are opening new locations and I think that is going to continue. It is becoming difficult in our industry because of regulations to open new locations. What you are going to see is a consolidation of the existing locations simply because there are no new locations opening because government regulation limits competition. - Eric S. Langan |
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