Rick's Cabaret Raleigh
3210 Yonkers Rd Raleigh, NC 27604

Club has been sold to Denver...

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LVclubber
Apr 27, 2007, 12:00 AM
Dancers
Club Quality
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Club has been sold to Denver based VCG Holding Corporation for $10.1 million cash and 9747 shares of VCG stock. VCG is a company with rather shaky finances. It is mostly borrowed money. They own the PT's chain and some other clubs. VCG operates some Men's Club locations in addition to the PT's chain. Unsure why they chose the Men's Club name over PT's.

To check out the new owners I went on Sunday evening. No real operational changes yet. The shooter girl and the neck rub girl are hot! Beers are still expensive. The dances on stage are still very tame. I wish they had imported some of the PT's girls to show Thee Dollhouse veterans how to get up close and personal on stage. Lowered my own rating to a 5 mainly on the weakness of VCG's financial statement.

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