Rick’s Cabaret Steakhouse & Casino will become one of several Colorado casinos, as RCI Hospitality Holdings, Inc. announced the acquisition of the space for the future location.
RCI subsidiaries purchased a four-story 30,000 square-foot building for $2.4 million from Central City in the heart of its gambling district.
Central City is one of three cities in Colorado where casino gambling is legal. It is located west of Denver in Gilpin County, with a population of around 663 people as of 2020.
What will Rick’s Cabaret Steakhouse & Casino look like?
According to the gaming license application filed by RCI subsidiaries, the plan for the Colorado casino is to host:
- 175 slot machines
- Six blackjack tables
- One craps table
- One roulette table
The 130 Main Street location will also host fine dining, casino and sports betting, among other entertainment.
More on RCI Hospitality Holdings, Inc.
RCI Hospitality Holdings, Inc. owns and operates over 60 locations through its subsidiaries, including gaming clubs in Louisiana and Illinois. It is the country’s leading company, through its subsidiaries, in adult nightclubs, sports bars and restaurants.
Since its founding in 1983, the Rick’s Cabaret brand pioneered the creation of elegant gentlemen’s clubs. Along with high-quality restaurant service, according to their website. The company went public in 1995 and changed its name to RCI Hospitality Holdings, Inc. in 2014.
It is a listed company on The NASDAQ Global Market as RICK. Investors trade options in RICK on the Chicago Board of Operations Exchange.
What are the other Central City, Colorado casinos?
Gambling became legal in Central City in 1990, along with Black Hawk. One year later in 1991, casinos became legal in the two cities, along with Cripple Creek. Sports betting at casinos became legal on May 1, 2020.
From June 2021 to June 2022 over $1 billion in bets on slot machines have been made in Central City. That revenue generated over $80 million in adjusted gross proceeds.
Other casinos in Central City:
- Century Casino Central City
- Dostal Alley Casino and Brewery
- Easy Street Casino
- Famous Bonanza Casino
- Grand Z Casino Hotel
- Dragon Tiger Casino
Central City, along with Black Hawk, is a designated historical area. A tramline joins the two cities together.
To get to Central City, one would have to drive through Black Hawk, which has more casinos. To avoid losing traffic to Black Hawk and its large number of casinos, Central City built an 8.4-mile four-lane road. This road is off of I-70 and it avoids Black Hawk entirely.