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Rick’s Rising: Strip Clubs Up, Up, Up
A little bit of pickup today for strip-club owner Rick’s Cabaret (RICK), up 10 cents, or 0.7%, after the company this morning said its clubs open a year or more increased revenue in February by 28% versus February of 2009.
The Super Bowl and the NBA All-Star game boosted club revenues by $1 million in the month, and CEO Eric Langan was pleased to see inclement weather didn’t drive away patrons, the company said. Despite softness at clubs in Philadelphia and Charlotte, patrons were spending more on drinks and entertainment, Langan noted. | |||||
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