{"id":1793079,"date":"2022-12-08T21:50:20","date_gmt":"2022-12-09T02:50:20","guid":{"rendered":"https:\/\/platogaming.com\/?post_type=station&p=1793079"},"modified":"2022-12-09T02:36:43","modified_gmt":"2022-12-09T07:36:43","slug":"rci-completes-purchase-of-location-for-ricks-cabaret-steakhouse-and-casino-in-colorado","status":"publish","type":"station","link":"https:\/\/platogaming.com\/plato-data\/rci-completes-purchase-of-location-for-ricks-cabaret-steakhouse-and-casino-in-colorado\/","title":{"rendered":"RCI completes purchase of Location for Rick\u2019s Cabaret Steakhouse and Casino in Colorado"},"content":{"rendered":"
\"image\"<\/div>\n

Texas-based<\/a> RCI Hospitality Holdings Inc., owner of various strip clubs, nightclubs, sports bars and restaurants, publicly announced on Wednesday, December 7, that it has completed the purchase<\/a> of a building at 130 Main Street in Central City, Colorado<\/a>, aka \u201cthe four-story, 30.000 square-foot building in the heart of the downtown gaming district in historic Central City, CO, one of only three cities in the state where casino gambling is legal,\u201d <\/em>for its new, planned restaurant & casino, Rick\u2019s Cabaret Steakhouse & Casino.<\/a><\/p>\n

The company purchased the site for 2.4 million US dollars in cash.<\/p>\n

Rick\u2019s Cabaret Steakhouse & Casino layout:<\/strong><\/p>\n

The building for Rick\u2019s Cabaret Steakhouse & Casino is 30.000 square feet tall and it will have 175 slot machines, a craps<\/a> table, one roulette<\/a> table and six blackjack<\/a> tables and will improve gross gaming revenue (GGR) from clubs in Illinois<\/a> and Louisiana<\/a>.<\/p>\n

Once open, customers at Rick\u2019s Cabaret Steakhouse & Casino will have the opportunity to play a variety of casino and video slot games, wager on sports and sample fine dining options and other entertainment.<\/p>\n

Main purpose of the purchase:<\/strong><\/p>\n

The Colorado location is of utmost importance to the company, as it allows it to fulfill its long-awaited goal of expanding its presence throughout Colorado.<\/p>\n

However, the company and its subsidiaries are known across the U.S.<\/a>, with more than 60 locations including restaurants, adult clubs and sports bars.<\/p>\n

New gaming license:<\/strong><\/p>\n

Since Central City is one of three cities along with Cripple Creek and Black Hawk in Colorado where gambling is legalized, RCI subsidiaries applied for a gaming license.<\/p>\n

Legal gambling:<\/strong><\/p>\n

Colorado is one of 36 states across the U.S. where online sports betting is legal.<\/p>\n

A fun fact about Central City<\/a>, Cripple Creek<\/a> and Black Hawk<\/a> is that they are known as \u201chistoric mining towns\u201d and have legalized gambling since 1991. Also, Colorado legalized sports betting<\/a> in 2020 and completely removed all statewide betting restrictions in 2021.<\/p>\n

These cities rely heavily on sports betting and overall gambling and more than 1 billion US dollars in wagers is placed on slot machines<\/a> in Central City throughout the last 12 months ending in June of this year.<\/p>\n

Last year, the city had more than 80 million US dollars in gaming and non-gaming revenue.<\/p>\n

About:<\/strong><\/p>\n

RCI Hospitality Holdings is a leading company in adult nightclubs, sports bars and restaurants. It\u2019s headquartered in Houston<\/a>, Texas and it was founded in 1983 and officially launched in 1995.<\/p>\n

With over 39 years of the experience, the company has established its brand through fine dining, highly innovative casino, video slot games and sports betting portfolio and outstanding entertainment.<\/p>\n

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