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Rick’s Cabaret: a soft sell?
Wed, Apr 20, 2011 (2:15 p.m.)
The CEO states that the property did everything it could to make the location viable. Is the Desert Inn & Procyon strip club worth buying?
Now is the perfect time to buy that strip club you’ve always wanted. Or maybe it’s the worst possible time—one of the two. The building that currently houses Rick’s Cabaret, a 25,000-square-foot property at Desert Inn and Procyon, is for sale. But current CEO Eric Langan isn’t exactly making the hard sell. In a press release, Langan said, “We do not believe the Las Vegas market itself will return to its former strength in the near future.” He added, “We have done everything possible to make this location viable since its acquisition in 2008 and we now believe it is in our shareholders’ best interests not to continue these efforts.” So, Mr. Langan, did you want us to start the bidding at $1.99?
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