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Chris Keil Investing In Nightlife

Sony/AWAL recording artist Chris Keil has plunged into Nightlife by becoming a shareholder of RCI Hospitality Holdings. With more than 50 units, RCI Hospitality Holdings Inc., through its subsidiaries is the country’s leading company in gentlemen’s clubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas-Fort Worth, Houston, Miami, Minneapolis, Denver, St. Louis, Charlotte, Pittsburgh, Raleigh, Louisville, and other markets operate under brand names such as Rick’s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie’s Cabaret, and Scarlett’s Cabaret. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar.

The power move executed from the “Alpha” rapper has positioned him into ownership of many clubs such as The Diamond Cabaret, The Seville Club, The Mansion Gentlemen’s Club and Steakhouse, Silver City Cabaret, Hoops Cabaret,
Rick’s Cabaret, Jaguars Club, Club Onyx, Tootsie’s Cabaret, Scarlett’s Cabaret, Temptations Cabaret, Downtown Cabaret, Foxy’s Cabaret, Kappa Men’s Club, Cabaret East, Silver City, Vivid Cabaret, XTC Cabaret, and many more.

Rick’s Cabaret is an elegant experience with fine dining. Tootsie’s Cabaret, Scarlett’s Cabaret, and Vivid are “high energy” nightclub/gentlemen’s club hybrids with a party atmosphere. XTC Cabaret and Jaguars Clubs are BYOB 18 plus concepts for blue collar and college patrons. Club Onyx’s caters to African American professionals. Tootsie’s is also known as the largest strip club in the United States with 74,000 square feet.

The nightclub & restaurant brands include Studio 80, an 80’s dance music concept, and Bombshells Restaurant and Bar, a military themed sports bar/restaurant chain with 10 locations in Texas. RCI also operates ED Publications, Inc., a media company serving the adult club business with industry-related websites, magazines and trade shows.

The company was founded in 1983 by Robert Watters and is based in Houston, Texas. In 1998, the company merged with Taurus, Inc., which owned the XTC Cabaret chain and was controlled by Eric Langan, who eventually became the RCI’s president and CEO in 1999. Langan acquired his first gentlemen’s club in Texas at age 21 with $40,000 from the sale of his baseball card collection. Subsequently, RCI expanded inside and outside of Texas to states such as New York, Illinois, Florida, Arizona, Minnesota and others, and entered related businesses, such as sports bars/restaurants and nightclubs.

On July 26, 2021, RCI announced definitive agreements to acquire for $88.0 million 11 adult nightclubs and six related real estate properties. The clubs generated approximately $40 million in revenue and $14 million in adjusted EBITDA in their fiscal year ended December 31, 2019. Five of the clubs are in Denver, Colorado; two near St. Louis, Missouri; and one each in Indianapolis, Indiana; Louisville, Kentucky; Raleigh, North Carolina; and Portland, Maine.

When it comes to investments Chris Keil isn’t a stranger to taking risks the 26 year old rapper has a grasp in other companies such as Wish.com, Nio, Amazon, Starbucks, and Tesla. Along with new business ventures, the young mogul is preparing to release his upcoming project “Makeout Point”.

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