{"id":529321,"date":"2021-08-18T09:04:13","date_gmt":"2021-08-18T13:04:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/"},"modified":"2021-08-18T09:04:13","modified_gmt":"2021-08-18T13:04:13","slug":"rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/","title":{"rendered":"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">HOUSTON<\/span>, Aug.\u00a018, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the signing of definitive agreements to acquire The Mansion Gentlemen&#8217;s Club and Steakhouse of <span class=\"xn-location\">Newburgh, NY<\/span>, and its real estate.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg\" title=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.) (PRNewsfoto\/RCI Hospitality Holdings, Inc.)\" alt=\"RCI Hospitality Holdings Corporate Logo (PRNewsFoto\/RCI Hospitality Holdings, Inc.) (PRNewsfoto\/RCI Hospitality Holdings, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Mansion (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3262970-1&amp;h=828882925&amp;u=https%3A%2F%2Fwww.mansiongentlemensclub.com%2F&amp;a=https%3A%2F%2Fwww.mansiongentlemensclub.com%2F\" rel=\"nofollow noopener\">https:\/\/www.mansiongentlemensclub.com\/<\/a>) was completely renovated in 2018, has been in business for nine years, and is the only gentlemen&#8217;s club with a liquor license in <span class=\"xn-location\">Orange County, NY<\/span>, considered to be one of the fastest growing counties in the state.<\/p>\n<p>Consideration is <span class=\"xn-money\">$500,000<\/span> in cash and <span class=\"xn-money\">$1.0 million<\/span> in 4.00%, 7-year seller financing for the club and <span class=\"xn-money\">$2.0 million<\/span> for the real estate. Closing is subject to customary conditions for transactions of this kind, including the transfer of all necessary permits, licenses, and other authorizations, and is currently anticipated to occur within approximately 90 days.<\/p>\n<p>\n        <b>About RCI Hospitality Holdings, Inc. (Nasdaq: RICK)<\/b>\n      <\/p>\n<p>With more than 40 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country&#8217;s leading company in gentlemen&#8217;s clubs and sports bars\/restaurants. Clubs in <span class=\"xn-location\">New York City<\/span>, <span class=\"xn-location\">Chicago<\/span>, <span class=\"xn-location\">Dallas\/Ft. Worth<\/span>, <span class=\"xn-location\">Houston<\/span>, <span class=\"xn-location\">Miami<\/span>, <span class=\"xn-location\">Minneapolis<\/span>, <span class=\"xn-location\">St. Louis<\/span>, <span class=\"xn-location\">Charlotte<\/span>, <span class=\"xn-location\">Pittsburgh<\/span>, and other markets operate under brand names such as Rick&#8217;s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie&#8217;s Cabaret, and Scarlett&#8217;s Cabaret. Sports bars\/restaurants operate under the brand name Bombshells Restaurant &amp; Bar. Please visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3262970-1&amp;h=511413409&amp;u=http%3A%2F%2Fwww.rcihospitality.com%2F&amp;a=http%3A%2F%2Fwww.rcihospitality.com%2F\" rel=\"nofollow noopener\">http:\/\/www.rcihospitality.com\/<\/a><\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company&#8217;s actual results to differ materially from those indicated in this press release, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the company&#8217;s businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, (vi) the impact of the COVID-19 pandemic, and (vii) numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI&#8217;s annual report on Form 10-K for the year ended <span class=\"xn-chron\">September 30, 2020<\/span>, as well as its other filings with the U.S. Securities and Exchange Commission. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.<\/p>\n<p>\n        <b>Media &amp; Investor Contacts<\/b>\n      <\/p>\n<p>\n        <span class=\"xn-person\">Gary Fishman<\/span> and <span class=\"xn-person\">Steven Anreder<\/span> at 212-532-3232 or <a target=\"_blank\" href=\"mailto:gary.fishman@anreder.com\" rel=\"nofollow noopener\">gary.fishman@anreder.com<\/a> and <a target=\"_blank\" href=\"mailto:steven.anreder@anreder.com\" rel=\"nofollow noopener\">steven.anreder@anreder.com<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DA78637&amp;sd=2021-08-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny-301357957.html\">https:\/\/www.prnewswire.com\/news-releases\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny-301357957.html<\/a><\/p>\n<p>SOURCE  RCI Hospitality Holdings, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DA78637&amp;Transmission_Id=202108180900PR_NEWS_USPR_____DA78637&amp;DateId=20210818\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire HOUSTON, Aug.\u00a018, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the signing of definitive agreements to acquire The Mansion Gentlemen&#8217;s Club and Steakhouse of Newburgh, NY, and its real estate. The Mansion (https:\/\/www.mansiongentlemensclub.com\/) was completely renovated in 2018, has been in business for nine years, and is the only gentlemen&#8217;s club with a liquor license in Orange County, NY, considered to be one of the fastest growing counties in the state. Consideration is $500,000 in cash and $1.0 million in 4.00%, 7-year seller financing for the club and $2.0 million for the real estate. Closing is subject to customary conditions for transactions of this kind, including the transfer of all necessary permits, licenses, and other authorizations, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-529321","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#039;s Club of Newburgh, NY - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#039;s Club of Newburgh, NY - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire HOUSTON, Aug.\u00a018, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the signing of definitive agreements to acquire The Mansion Gentlemen&#8217;s Club and Steakhouse of Newburgh, NY, and its real estate. The Mansion (https:\/\/www.mansiongentlemensclub.com\/) was completely renovated in 2018, has been in business for nine years, and is the only gentlemen&#8217;s club with a liquor license in Orange County, NY, considered to be one of the fastest growing counties in the state. Consideration is $500,000 in cash and $1.0 million in 4.00%, 7-year seller financing for the club and $2.0 million for the real estate. Closing is subject to customary conditions for transactions of this kind, including the transfer of all necessary permits, licenses, and other authorizations, &hellip; Continue reading &quot;RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-18T13:04:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY\",\"datePublished\":\"2021-08-18T13:04:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/\"},\"wordCount\":438,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/362901\\\/RCI_Hospitality_Holdings_Corporate_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\\\/\",\"name\":\"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen's Club of Newburgh, NY - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/","og_locale":"en_US","og_type":"article","og_title":"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen's Club of Newburgh, NY - Market Newsdesk","og_description":"PR Newswire HOUSTON, Aug.\u00a018, 2021 \/PRNewswire\/ &#8212;\u00a0RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the signing of definitive agreements to acquire The Mansion Gentlemen&#8217;s Club and Steakhouse of Newburgh, NY, and its real estate. The Mansion (https:\/\/www.mansiongentlemensclub.com\/) was completely renovated in 2018, has been in business for nine years, and is the only gentlemen&#8217;s club with a liquor license in Orange County, NY, considered to be one of the fastest growing counties in the state. Consideration is $500,000 in cash and $1.0 million in 4.00%, 7-year seller financing for the club and $2.0 million for the real estate. Closing is subject to customary conditions for transactions of this kind, including the transfer of all necessary permits, licenses, and other authorizations, &hellip; Continue reading \"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-18T13:04:13+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen&#8217;s Club of Newburgh, NY","datePublished":"2021-08-18T13:04:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/"},"wordCount":438,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/362901\/RCI_Hospitality_Holdings_Corporate_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-definitive-agreements-to-acquire-the-mansion-gentlemens-club-of-newburgh-ny\/","name":"RCI Announces Definitive Agreements to Acquire The Mansion Gentlemen's Club of Newburgh, NY - 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