The main leisure and playing operator, RCI Hospitality Holdings, introduced its plans to broaden into the regulated playing market in Colorado.
RCI Plans to Set up New Gaming Location in Central Metropolis
On Wednesday, the corporate revealed it accomplished the acquisition of a four-story, 30,000-square-foot constructing positioned on the coronary heart of Central Metropolis in Colorado. The placement, which lies within the coronary heart of the downtown gaming district of the historic metropolis was acquired by the corporate for some $2.4 million in money from town. Positioned on 130 Important Road, the brand new venue will doubtless be residence to a eating and on line casino leisure venue.
Particulars launched by RCI Hospitality reveal that its subsidiaries plan to make use of the four-story constructing to open a brand new Rick’s Cabaret Steakhouse and On line casino. In addition to providing haute delicacies, the brand new venue is anticipated to supply playing leisure similar to sports activities betting and on line casino playing.
The newest announcement comes as no shock, contemplating that Central Metropolis, together with Black Hawk and Cripple Creek are the three cities in Colorado the place playing is permitted. In truth, for the yr till June 2022, slot machines in Central Metropolis alone noticed $1 billion in wagers, bringing greater than $80 million in adjusted gross proceeds.
“RCI subsidiaries have utilized for a gaming license to function 175 slot machines, six blackjack tables, one craps desk, and one roulette desk in Central Metropolis. This may add to RCI’s gaming income from golf equipment in Louisiana and Illinois,”
reads a press release launched by RCI
The current announcement in regards to the closing of the acquisition of the constructing in Central Metropolis coincided with RCI’s subsidiaries’ utility for a gaming license. The corporate revealed that its subsidiaries utilized for a license to function six blackjack tables, one craps desk, one roulette desk in addition to 175 slot machines in Central Metropolis. With none doubt, securing the situation will carry invaluable income for RCI, complementing the corporate’s proceeds from Illinois and Louisiana.
Colorado Expands Playing Market Providing
Colorado’s gaming market has been steadily increasing because the state legalized playing in Black Hawk, Cripple Creek and Central Metropolis again in 1991. The state expanded the playing choices in 2020 by legalizing sports activities betting, whereas final yr, all betting limits for the three historic mining cities have been eliminated.
Presently, RCI Hospitality and its subsidiaries have a portfolio of greater than 60 venues. The main leisure firm by its subsidiaries operates completely different areas similar to sports activities bars, eating places and grownup nightclubs.