Results 1 to 13 of 13

Thread: Strip Club Report Boom in Revenue--Forbes magazine

  1. #1
    Featured Member AkashaM's Avatar
    Joined
    Feb 2004
    Location
    Big City of Dreams...
    Posts
    870
    Thanks
    6
    Thanked 31 Times in 15 Posts

    Default Strip Club Report Boom in Revenue--Forbes magazine

    "Hustler publisher Larry Flynt and "Girls Gone Wild" king Joe Francis facetiously asked Washington for a $5 billion stimulus package for the porn industry in early January. "Americans can do without cars," said Flynt. "They cannot do without sex."

    Or at least a reasonable substitute. Strip clubs and other adult businesses are booming as the rest of the economy craters. Rick's Cabaret International (nasdaq: RICK - news - people ), a nationwide chain of jiggle joints, reported that for fiscal 2008, revenue is up 87% to $60 million.
    Rick's attracts 70,000 customers a month to its 19 clubs. At its New York spot alone Rick's posted just over $1 million in revenue in December. "The stimulus package has been very, very good to us," cracks Allan Priaulx, Rick's head of investor relations.

    Francis Koenig, the goateed, 32-year-old chief executive of AdultVest, the first hedge fund for porn, reported a 50% rise in its returns last year, though he won't say how much or which ones delivered.
    Koenig's funds, called Bacchus and Priapus, invest in gentlemen's clubs and companies that acquire them in the U.S. and Canada. AdultVest purchased strip club chain VCG Holding (nasdaq: VCGH - news - people ) last May and recently bought iPorn.com, a site that hosts online dating and live video.

    Amid all this froth, AdultFriendFinder, which owns Penthouse magazine and other adult brands, floated a $400 million IPO in December, though the ticker is not trading yet..."

    Read the whole article, "Strippernomics"
    http://www.forbes.com/media/2009/01/...dia_newsletter

    ----------------------------------------------
    This is probably because dancers are getting fined for every little thing. I read Rick's prospectus and annual report and they don't mention that the dancers pay house fees and fines.

    But I digress.

    Why arent we seeing this "boom?"
    Last edited by AkashaM; 01-25-2009 at 02:49 PM.
    I'm getting my Dial-A-Stripper service up and running again. If you are in NYC or NJ and are interested in private party dancing, email [email protected] with your SW handle, contact info, photo (if you have one) & best time to call and I'll get back to you asap.

    If you're having a party and need strippers, email me with the details and any questions you have. Thanks!

  2. #2
    God/dess cinammonkisses's Avatar
    Joined
    Aug 2002
    Location
    Some Fat guys Lap!
    Posts
    9,647
    Thanks
    11
    Thanked 88 Times in 65 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Oooh what an excellent article. Now I want some adult hedge funds lol







    Some Douchebag: "[Pimp C] 12:43 am: its true we got to stick together the black people on SW CK you is teh condoleeza of SW"


  3. #3
    Featured Member short skirts's Avatar
    Joined
    Dec 2006
    Posts
    1,010
    Thanks
    1
    Thanked 10 Times in 8 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Maybe the dancers aren't seeing this "boom" because the clubs take all the money from both us and the customers and hoard it to themselves.

    Just my thought, I could be wrong!

  4. #4
    God/dess
    Joined
    Jan 2004
    Location
    Your imagination
    Posts
    2,875
    Thanks
    19
    Thanked 174 Times in 119 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    also, i note the hedge fund didn't mention what its returns were to begin with. going from 2% to 3% can be considered a "50% rise in returns".

  5. #5
    Veteran Member
    Joined
    Jul 2004
    Posts
    236
    Thanks
    2
    Thanked 17 Times in 13 Posts
    Blog Entries
    36
    My Mood
    Amused

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Ricks is in trouble. Everything is being based off 4Q earnings which reflects July/Aug/Sept.
    You will see major changes in 1Q Oct/Nov/Dec and 2Q Jan/Feb/Mar.

    Ricks clubs are sinking fast. Just go take a look at a few of its latest purchases. $21 million Las Vegas Ricks sinking like a rock, business off by 70% since purchase. $9.5 million Dallas Ricks location has not made a dime and has since been converted to a BYOB to become XTC.
    Ricks Philly Location within months after being purchased was converted to a Onyx.

    This is all mis-management and bad business purchases.

    What is holding this company up right now is Miami Tootsies, NYC Ricks, and Houston Ricks locations. Eventually all this dead weight will crush this company. Last conference call with Eric the CEO he stated "will close 3-5 clubs if things do not turn around. It will be a one time hit on the books. Were looking to close Austin, one in Houston, San Antonio and more"

    Back to the numbers, up 87%. Ok that sounds great but thats not a fair statement. Its made on the fact that more clubs were added, which in turn adds more income. Now compare it to the amount of stores last year vs same amount of stores and the number is a flat line. Meaning they are equal to last years numbers store for store. So if you had 12 stores last year and you add 7 stores now of course your numbers go up.

    It looks impressive on paper but reality is the numbers are going into the toliet. Just watch and wait.
    My Blog:

  6. #6
    Featured Member
    Joined
    Jun 2007
    Posts
    961
    Thanks
    4
    Thanked 17 Times in 17 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Forbes also has a decent article about how big porn really is. It's not the high numbers everyone wants to attribute to it.
    Quote Originally Posted by The Snark View Post
    But then I suppose the sort of people who write this kind of crap generally don't allow their opinions to be tainted by things like "facts" and "reality".
    Distortion becomes somehow pure in its wildness
    The note that began all can also destroy

  7. #7
    Veteran Member
    Joined
    Jul 2004
    Posts
    236
    Thanks
    2
    Thanked 17 Times in 13 Posts
    Blog Entries
    36
    My Mood
    Amused

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Yes Glambman I agree. Porn is a dieing industry. Look at all the magazine sales, down, dvd sales, down. Why? Simple free porn on the internet. Eventually porn will die as a big business.
    This is probably the first time that mom and pop operations have crushed big business, because its mom and pop independent porn film makers that have done the damage.
    My Blog:

  8. #8
    Featured Member
    Joined
    Jun 2007
    Posts
    961
    Thanks
    4
    Thanked 17 Times in 17 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    It was before that. It dealt with the 'porn is bigger than all sports combined' and negated that view with circumstantial evidence. However, it clearly showed the industries figures were way off, and the study that got the industry its figures were bogus. The organization that allegedly did the study was found to be non existent.

    But yeah, you are right. There are so many niches, and the big producers are more interested in selling you want they want you to have.
    Quote Originally Posted by The Snark View Post
    But then I suppose the sort of people who write this kind of crap generally don't allow their opinions to be tainted by things like "facts" and "reality".
    Distortion becomes somehow pure in its wildness
    The note that began all can also destroy

  9. #9
    God/dess britneyireland's Avatar
    Joined
    Jan 2002
    Location
    Dallas
    Posts
    2,568
    Thanks
    283
    Thanked 596 Times in 340 Posts
    Blog Entries
    1
    My Mood
    Inspired

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Interesting MSN reported the OPPOSITE findings a week later
    http://articles.moneycentral.msn.com...e-sellers.aspx
    Rebecca Avalon







  10. #10
    Featured Member
    Joined
    Jun 2007
    Posts
    961
    Thanks
    4
    Thanked 17 Times in 17 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    MSN went deeper.
    Quote Originally Posted by The Snark View Post
    But then I suppose the sort of people who write this kind of crap generally don't allow their opinions to be tainted by things like "facts" and "reality".
    Distortion becomes somehow pure in its wildness
    The note that began all can also destroy

  11. #11
    God/dess Kylea2's Avatar
    Joined
    Nov 2007
    Location
    Denver & San Fran
    Posts
    6,907
    Thanks
    181
    Thanked 2,003 Times in 1,284 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Britney posted exactly what I was going to report. Has anyone actually looked at the financial reports?

    It looks like VCGH might be doing good in 2009, as well as the top branded clubs... which MSN said could survive the recession. It's the small independent clubs that will probably be having problems.

    http://vcgh.client.shareholder.com/r...leaseID=358673
    Don't you ever sleep?
    Not at night...that's when the stars have rather better things to do. They're coming out, shining, that sort of thing.
    - Blog -
    My PM box fills up quick. If you have a question please with your username.
    Congrats to Pryce on doing some much needed tending in his garden!
    - -


  12. #12
    Senior Member
    Joined
    Nov 2008
    Location
    back in FL
    Posts
    101
    Thanks
    5
    Thanked 14 Times in 10 Posts

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    Just came across this article on the best and worst cities for recession recovery: http://www.forbes.com/2009/06/09/rec...ry-cities.html

    I wonder how much this relates to our industry? Any girls working in these areas?

  13. #13
    Banned Melonie's Avatar
    Joined
    Jul 2002
    Location
    way south of the border
    Posts
    25,942
    Thanks
    612
    Thanked 10,566 Times in 4,646 Posts
    Blog Entries
    3
    My Mood
    Cynical

    Default Re: Strip Club Report Boom in Revenue--Forbes magazine

    ^^^ there are a lot of other variables that go into 'dancer earnings potential' besides a general uptrend in a particular area's local economy.

    - the prevailing percentage 'take' of dancer's private dance / VIP money kept by the club
    - the amount of house / stage fee charged by the club
    - the effect of local anti-strip club ordinances / busts
    - the effect of local social attitudes on customers' propensity to patronize strip clubs

Similar Threads

  1. Replies: 5
    Last Post: 06-06-2011, 06:27 PM
  2. strip-magazine.com
    By xXmy shanghai sweetieXx in forum Stripping (was Stripping General)
    Replies: 0
    Last Post: 10-04-2009, 09:16 AM
  3. Boom Boom Volleyball!!!
    By verfolgung in forum Forum Games, Quizes, and Surveys
    Replies: 0
    Last Post: 09-07-2009, 10:44 AM
  4. The Best Cities For Singles (Forbes Magazine)
    By Budai in forum The Lounge
    Replies: 11
    Last Post: 09-08-2008, 10:42 PM
  5. Replies: 1
    Last Post: 01-03-2007, 09:01 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •