Top Tier vs. Hole in the wall club earnings
Just thought some of you may be interested in reading this:
http://vcgh.client.shareholder.com/r...leaseID=383989
VCGH Holdings ranks it's clubs as A, B or C... with A qualifying as top tier clubs. According to their first quarter report for 2009 the top clubs aren't doing so well and the B & C clubs are picking up the slack. This could be evidence that the customers are going to lower end clubs where they *think* they will get more for their money.
Re: Top Tier vs. Hole in the wall club earnings
K2: Which of the clubs in VCG would be the "A" clubs?
Re: Top Tier vs. Hole in the wall club earnings
I've actually read somewhere which clubs where classified into A, B or C. Just guessing I would say their "A" tier is Diamond Cabaret, but with the purchase of La Boheme that could have changed. If their are more in the "A" tier I would think they would be Penthouse and La Boheme.
Re: Top Tier vs. Hole in the wall club earnings
Okay, that wasn't difficult to find!
http://www.5280.com/issues/2005/0510...php?pageID=129
These are only for Denver, but pretty much the A tier clubs are the places that serve meals like steaks and have VIP rooms. B Tier Are the clubs that are more fun and bring in lots of customers, probably over 21 in most areas though. C Tier are the low end club and probably the ones that are full nude catering to a very young crowd.
A Tier
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Diamond Cabaret
Penthouse
B Tier
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PT's Showclub
C Tier
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PT's All Nude
Re: Top Tier vs. Hole in the wall club earnings
Every area of revenue is down except the "service" area.