VCG Holding Completes Acquisition Of Strip Clubs
VCG Holding Corp. has purchased Jaguars Gold Club near Fort Worth, Texas. The company purchased 100% of the stock of Golden Productions JGC Fort Worth LLC for $3.7 million in cash.
Earlier this month, VCG acquired Platinum Plus gentlemen’s club in Portland, Maine for $4.5 million; they also paid $1 million in earnest money to acquire an affiliated club in Miami, FL, contingent on the transfer or permits and licenses. VCG plans to rename the Platinum Plus club under the PT’s brand.
VCG Holding, headquartered in Lakewood, CO, owns and operates several upscale adult entertainment establishments across the country. VCG has been active in acquiring gentlemen’s clubs and may purchase more in the near future. VCG is a publicly traded company with ticker symbol PTT.