Rick's Cabaret New York doing great!!!

SUNDAY NEW YORK TIMES BUSINESS SECTION PAGE ONE LEAD STORY DETAILS THE WOES OF SEVERAL RETAIL BUSINESSES DURING THE ECONOMIC DOWNTURN, BUT POINTS OUT THAT RICK'S CABARET NEW YORK IS DOING GREAT!


The "End of an Era" story in Sunday's New York Times chronicles the big spending of Wall Street types, especially during the 90s. It quotes several sources that say those days are over. The article is full of tales of woe from numerous businesses. However, the reporter says that Rick's Cabaret New York is the exception: it is busy with brokers, bankers and foreign businessmen as customers. In fact, 10 of the clubs 11 private rooms on the second floor were booked.


The story also has two quotes from yours truly about the strength of the gentlemen's club industry, and notes that Rick's Cabaret International is publicly traded on Nadsaq and has 19 clubs across the country, and is expanding.


The exhaustive story is replete with despair from real estate brokers, car dealers, yacht salesmen, etc. But, unlike all the other businesses, Rick's Cabaret (where "men in suits and ties were in full force") is portrayed in a positive light. (And, if Scores was the place of choice for the money crowd in the '90s, then Rick's Cabaret is their choice today.)


Source



Of course, there’s another much-watched barometer of Wall Street buoyancy: traffic at some of the city’s high-end strip clubs.

During the heyday of the Wall Street boom in the 1990s, Lincoln Town Cars, Rolls-Royces and Bentleys were often found idling outside places like Scores. Inside, according to people who were present at the time, groups of brokers routinely dropped $50,000 and even $100,000 in a single night.

In the “presidential suite” at Scores, with its own wine steward who delivered $3,200 bottles of Champagne, the tabs grew quickly.

While dancers may not receive gifts like the ones once lavished upon them — say, a $10,000 line of credit at Bloomingdale’s or a pair of $125,000 earrings — the clubs still appear to be filled with brokers, bankers and foreign businessmen.

On a recent night at Rick’s Cabaret in New York, men in suits and ties were in full force. At around 10 p.m. — early for a strip club — 10 of the club’s 11 private rooms on the second floor were booked.

“Men will never grow tired of the high-class strip-club experience,” said Lonnie Hanover, a spokesman for Rick’s Cabaret International in New York. Rick’s, which is publicly traded on the Nasdaq and has 19 clubs across the country, even plans to expand.


"When times are tough, there is no better form of escapism than a night at a gentlemen's club," he added.

PS: Hope to see you in Vegas for the official opening parties of Rick's Cabaret Las Vegas (the former Scores Las Vegas with lots of new features). The club is currently open in "previews" and will have a week-long celebration of special events with guest stars and over 500 dancers, starting Wednesday October 22nd! (Email me for details)


For more info go to Ricks.com


Lonnie Hanover