{"id":910813,"date":"2025-11-17T10:20:26","date_gmt":"2025-11-17T15:20:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\/"},"modified":"2025-11-17T10:20:26","modified_gmt":"2025-11-17T15:20:26","slug":"rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\/","title":{"rendered":"RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph<\/b><\/p>\n<p>HOUSTON&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced a strategic partnership with adult club entrepreneur Jonathan Joseph, majority owner of the Yellow Rose Cabaret and the Red Rose Adult Nightclub, two of Austin\u2019s most well-known venues.<\/p>\n<p>\nThe partnership is taking the form through a Joseph entity acquiring a 49% interest in Rick\u2019s Cabaret Austin, TX for $1.8 million in cash. Joseph is known for changing the gentleman\u2019s club industry in Austin into more of a nightclub scene, attracting men, women and couples.<\/p>\n<p>\nThe transaction, which closed Friday, November 14, 2025, adds Joseph to three other leaders of the adult club industry as part of the RCI family: Major RCI shareholders Duncan Burch of Dallas, Troy Lowrie of Denver, and RCI Chairman, President and CEO Eric Langan.<\/p>\n<p>\nLangan commented: \u201cJonathan is a rising star in the industry. We\u2019ve known each other for more than 20 years and have been wanting to work together again. We\u2019re pleased to have found a way to do that in line with RCI\u2019s Back to Basics 5-Year Capital Allocation Plan.\u201d<\/p>\n<p>\nJoseph commented: \u201cWe\u2019re thrilled at solidifying a relationship with the RCI team. This partnership will strengthen Rick\u2019s in the Austin market with more local management and marketing expertise, working in coordination with the Yellow and Red Rose, so that all three clubs reach all key demographic segments.\u201d<\/p>\n<p><b>About RCI Hospitality Holdings, Inc. (Nasdaq: RICK) (X: <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fx.com%2FRCIHHinc&amp;esheet=54358511&amp;newsitemid=20251114823047&amp;lan=en-US&amp;anchor=%40RCIHHinc&amp;index=1&amp;md5=d0a7ae9687aac0c26081293075c92bf8\"><b>@RCIHHinc<\/b><\/a><b>)<\/b><\/p>\n<p>\nWith more than 60 locations, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country\u2019s leading company in adult nightclubs and sports bars\/restaurants. See all our brands at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.rcihospitality.com&amp;esheet=54358511&amp;newsitemid=20251114823047&amp;lan=en-US&amp;anchor=www.rcihospitality.com&amp;index=2&amp;md5=9f4fd077b7b20e9c2af566cb009695e0\">www.rcihospitality.com<\/a>.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis 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, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult entertainment or restaurant 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, and (vi) numerous other factors such as laws governing the operation of adult entertainment or restaurant 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 September 30, 2024, 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><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251114823047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251114823047\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251114823047\/en\/<\/a><\/span><\/p>\n<p><b>Media &amp; Investor Contacts<br \/>\n<\/b><br \/>Gary Fishman and Michael Wichman at 212-883-0655 or <a rel=\"nofollow\" href=\"mailto:gfishman@pondel.com\">gfishman@pondel.com<\/a> and <a rel=\"nofollow\" href=\"mailto:mwichman@pondel.com\">mwichman@pondel.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Texas United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Restaurant\/Bar Retail General Entertainment Other Entertainment Entertainment<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251114823047\/en\/2427075\/3\/RCI_Hospitality_Holdings%2C_Inc.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph HOUSTON&#8211;(BUSINESS WIRE)&#8211; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced a strategic partnership with adult club entrepreneur Jonathan Joseph, majority owner of the Yellow Rose Cabaret and the Red Rose Adult Nightclub, two of Austin\u2019s most well-known venues. The partnership is taking the form through a Joseph entity acquiring a 49% interest in Rick\u2019s Cabaret Austin, TX for $1.8 million in cash. Joseph is known for changing the gentleman\u2019s club industry in Austin into more of a nightclub scene, attracting men, women and couples. The transaction, which closed Friday, November 14, 2025, adds Joseph to three other leaders of the adult club industry as part of the RCI family: Major &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph&#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-910813","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph - 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-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph HOUSTON&#8211;(BUSINESS WIRE)&#8211; RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced a strategic partnership with adult club entrepreneur Jonathan Joseph, majority owner of the Yellow Rose Cabaret and the Red Rose Adult Nightclub, two of Austin\u2019s most well-known venues. The partnership is taking the form through a Joseph entity acquiring a 49% interest in Rick\u2019s Cabaret Austin, TX for $1.8 million in cash. Joseph is known for changing the gentleman\u2019s club industry in Austin into more of a nightclub scene, attracting men, women and couples. The transaction, which closed Friday, November 14, 2025, adds Joseph to three other leaders of the adult club industry as part of the RCI family: Major &hellip; Continue reading &quot;RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-17T15:20:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251114823047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\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-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph\",\"datePublished\":\"2025-11-17T15:20:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/\"},\"wordCount\":505,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20251114823047r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rci-announces-strategic-partnership-with-adult-club-entrepreneur-jonathan-joseph\\\/\",\"name\":\"RCI Announces Strategic Partnership with Adult Club Entrepreneur Jonathan Joseph - 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