Rick's Cabaret subsidiary buys 49% stake in PT's Platinum


A subsidiary of Rick's Cabaret International purchased 49% of a corporation that operates the Dallas club PT's Platinum. Total cost of the transaction was $500,000, with $130,000 allocated to the acquisition of 49% of the shares of Manana Entertainment, which operates the club on behalf of VCG Holding Corp., and $370,000 to purchase the building and personal property.

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