Rick's Cabaret Delayed in Completing Purchase of a Minneapolis Gentlemen's Club due to State Government Shutdown

Rick's Cabaret International, Inc. RICK says the Minnesota state government shutdown is preventing it from completing a transaction that would give it control of a popular Minneapolis gentlemen's club. The company was scheduled to finalize its agreed-to purchase of Shiek's Palace Royale at 115 South 4th Street for $2,875,000 from a subsidiary of VCG Holdings. But closing on the transaction has been delayed indefinitely because state workers are not available to issue required permits.