<DOCUMENT>
<TYPE>10QSB
<SEQUENCE>1
<FILENAME>doc1.txt
<TEXT>
                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-QSB

[X]   Quarterly report pursuant to Section 13 Or 15(d) of the Securities
      Exchange Act of 1934; For the quarterly period ended: June 30, 2003

[ ]   Transition report pursuant to Section 13 or 15(d) of the Securities
      Exchange Act of 1934

                        Commission File Number:  0-26958

                       RICK'S CABARET INTERNATIONAL, INC.
             (Exact name of registrant as specified in its charter)

               Texas                                             76-0458229
     (State or other jurisdiction                              IRS Employer
   of incorporation or organization)                        Identification No.)

                            505 North Belt, Suite 630
                              Houston, Texas 77060
          (Address of principal executive offices, including zip code)

                                 (281) 820-1181
              (Registrant's telephone number, including area code)


                      APPLICABLE ONLY TO CORPORATE ISSUERS

On August 12, 2003, there were 3,706,648 shares of common stock, $.01 par value,
outstanding.

Transitional Small Business Disclosure Format (check one):   Yes [ ]     No [X]


<PAGE>
                       RICK'S CABARET INTERNATIONAL, INC.


                                TABLE OF CONTENTS
                                -----------------



PART  I          FINANCIAL  INFORMATION

Item 1.  Financial  Statements

         Consolidated Balance Sheets as of June 30, 2003 (unaudited) and
         September 30, 2002 (audited)    . . . . . . . . . . . . . . . . . . . 1

         Consolidated Statements of Operations for the three months and nine
         months ended June 30, 2003 and 2002 (unaudited)   . . . . . . . . . . 3

         Consolidated Statements of Cash Flows for the nine months ended June
         30, 2003 and 2002 (unaudited) . . . . . . . . . . . . . . . . . . . . 4

         Notes to Consolidated Financial Statements  . . . . . . . . . . . . . 5

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations . . . . . . . . . . . . . . . . . . . . . . 7

Item 3.  Controls  and  procedures . . . . . . . . . . . . . . . . . . . . . .11



PART II            OTHER INFORMATION

Item 6.  Exhibits  and  Reports  on  Form  8-K . . . . . . . . . . . . . . .  12

         Signatures. . . . . . . . . . . . . . . . . . . . . . . . . . . . .  13


                                        i
<PAGE>
<TABLE>
<CAPTION>
PART  I          FINANCIAL  INFORMATION

Item  1.  Financial  Statements.

               RICK'S CABARET INTERNATIONAL, INC. AND SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

                                     ASSETS
                                     ------
                                                   6/30/03           9/30/02
                                                 (UNAUDITED)        (AUDITED)
<S>                                           <C>               <C>
CURRENT ASSETS
  Cash                                        $       493,681   $       733,366
  Accounts receivable                                 203,522           226,637
  Other current assets                                250,952            63,897
  Inventories                                         229,829           210,802
                                              ----------------  ---------------

    Total current assets                            1,177,984         1,234,702
                                              ----------------  ---------------

PROPERTY AND EQUIPMENT
  Buildings, land and leasehold improvements        9,647,488         9,278,260
  Furniture and equipment                           1,828,624         1,938,705
                                              ----------------  ---------------

                                                   11,476,112        11,216,965

  Accumulated depreciation                         (2,402,296)       (2,094,712)
                                              ----------------  ---------------

     Total property and equipment, net              9,073,816         9,122,253
                                              ----------------  ---------------

OTHER ASSETS
  Goodwill less accumulated amortization            1,883,007         1,883,007
  Other                                               184,084           197,358
                                              ----------------  ---------------

    Total other assets                              2,067,091         2,080,365
                                              ----------------  ---------------

    Total Assets                              $    12,318,891   $    12,437,320
                                              ================  ================
</TABLE>


                                        1
<PAGE>
<TABLE>
<CAPTION>
                RICK'S CABARET INTERNATIONAL, INC. AND SUBSIDIARIES
                            CONSOLIDATED BALANCE SHEETS

                        LIABILITIES AND STOCKHOLDERS' EQUITY


                                                     6/30/03           9/30/02
                                                   (UNAUDITED)        (AUDITED)
<S>                                              <C>               <C>

CURRENT LIABILITIES
  Current portion of long term debt              $       483,657   $       459,972
  Accounts payable - trade                               322,150           274,659
  Accrued expenses                                       606,936           533,068
                                                 ----------------  ---------------

    Total current liabilities                          1,412,743         1,267,699

LONG TERM DEBT, LESS CURRENT PORTION

  Long-term debt less current portion                  3,730,336         4,147,381
                                                 ----------------  ---------------

   Total Liabilities                                   5,143,079         5,415,080
                                                 ----------------  ---------------

COMMITMENTS AND CONTINGENCIES

MINORITY INTERESTS                                           970            80,164

STOCKHOLDERS' EQUITY
  Preferred stock - $.10 par, authorized
    1,000,000 shares; none outstanding                       ---               ---
  Common stock - $.01 par, authorized
    15,000,000 shares; 4,608,678 issued;
    3,706,648 and 3,747,648 outstanding                   46,087            46,087
  Additional paid in capital                          11,273,149        11,273,149
  Retained earnings (deficit)                         (2,860,126)       (3,202,029)
  Treasury stocks, at cost                            (1,284,268)       (1,175,131)
                                                 ----------------  ---------------

    Total stockholders' equity                         7,174,842         6,942,076
                                                 ----------------  ---------------

    Total liabilities and stockholders' equity   $    12,318,891   $    12,437,320
                                                 ================  ================
</TABLE>


                                        2
<PAGE>
<TABLE>
<CAPTION>
                              RICK'S CABARET INTERNATIONAL, INC. AND SUBSIDIARIES
                                     CONSOLIDATED STATEMENT OF OPERATIONS
                                                  (UNAUDITED)


                                                  FOR THE THREE MONTHS              FOR THE NINE MONTHS
                                                     ENDED JUNE 30,                    ENDED JUNE 30,
                                                 2003             2002             2003             2002
<S>                                         <C>              <C>              <C>              <C>
REVENUES
  Sales of alcoholic beverages              $    1,702,038   $    1,581,035   $    4,847,104   $    4,873,466
  Sales of food & non-alcoholic beverages          297,198          283,403          859,945          836,753
  Service revenues                               1,353,834        1,307,280        3,939,650        3,900,375
  Internet revenues                                250,029          573,647          846,681        1,722,492
  Other                                            219,042          206,704          615,296          583,590
                                            ---------------  ---------------  ---------------  ---------------
                                                 3,822,141        3,952,069       11,108,676       11,916,676
OPERATING EXPENSES
  Cost of goods sold                               568,004          791,427        1,652,124        2,370,611
  Salaries and wages                             1,390,943        1,310,969        4,027,472        3,807,925
  Other general and administrative
     Taxes and permits                             561,475          512,045        1,558,995        1,521,949
     Charge card fees                               67,813           62,994          189,614          170,258
     Rent                                          101,448           55,031          218,361          203,599
     Legal and accounting                          157,840          108,787          564,674          416,268
     Marketing and advertising                     232,329          160,873          610,384          493,288
     Other                                         704,351          640,561        1,996,427        1,927,248
                                            ---------------  ---------------  ---------------  ---------------
                                                 3,784,203        3,642,687       10,818,051       10,911,146
                                            ---------------  ---------------  ---------------  ---------------
INCOME FROM OPERATIONS                              37,938          309,382          290,625        1,005,530
  Interest Expense                                 (92,761)         (92,319)        (289,618)        (266,590)
  Interest Income                                    3,643            6,143           13,515           17,192
  Gain on Sale of Subsidiary                       327,381              ---          327,381              ---
                                            ---------------  ---------------  ---------------  ---------------

NET INCOME/(LOSS)                           $      276,201   $      223,206   $      341,903   $      756,132
                                            ===============  ===============  ===============  ===============
BASIC NET INCOME/(LOSS) PER COMMON SHARE:

  NET INCOME/(LOSS)                         $         0.07   $         0.06   $         0.09   $         0.19
                                            ===============  ===============  ===============  ===============
WEIGHTED AVERAGE SHARES
OUTSTANDING                                      3,715,048        3,900,653        3,724,304        3,900,653
                                            ===============  ===============  ===============  ===============
</TABLE>


                                        3
<PAGE>
<TABLE>
<CAPTION>
                 RICK'S CABARET INTERNATIONAL, INC. AND SUBSIDIARIES
                        CONSOLIDATED STATEMENTS OF CASH FLOWS
                       NINE MONTHS ENDED JUNE 30, 2003 AND 2002

                                                                (UNAUDITED)
                                                            2003            2002
                                                       --------------  --------------
<S>                                                    <C>             <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net Income                                           $     341,903   $     756,132
  Adjustments to reconcile net income to
  net cash provided by operating activities:
     Depreciation                                            394,393         349,558
     Gain on the sale of subsidiary                         (327,381)            ---
     Minority interests                                       (1,813)            ---
     Changes in operating assets and liabilities              81,666        (232,739)
                                                        ------------    ------------
  Cash provided by operating activities                      488,768         872,951
                                                        ------------    ------------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Proceeds from sale of subsidiary                           120,000             ---
  Additions to property and equipment                       (345,956)       (444,972)
                                                        ------------    ------------
  Cash used in investing activities                         (225,956)       (444,972)
                                                        ------------    ------------
CASH FLOWS FROM FINANCING ACTIVITIES:
  Purchase of treasury stock                                (109,137)     (1,154,327)
  Proceeds from long-term debt                                   ---       1,078,774
  Payments on long term debt                                (393,360)       (171,136)
                                                        ------------    ------------
  Cash used in financing activities                         (502,497)       (246,689)
                                                        ------------    ------------
NET INCREASE/(DECREASE) IN CASH                             (239,685)        181,290

CASH AT BEGINNING OF PERIOD                                  733,366         704,628
                                                        ------------    ------------
CASH AT END OF PERIOD                                  $     493,681   $     885,918
                                                       ==============  ==============

CASH PAID DURING PERIOD FOR:
  Interest                                             $     289,618   $     266,590
                                                       ==============  ==============

Non-cash transaction:
  Note receivable received for sale of subsidiary      $     130,000   $         ---
</TABLE>


                                        4
<PAGE>
               RICK'S CABARET INTERNATIONAL, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                  JUNE 30, 2003

1.   BASIS  OF  PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance
with  accounting  principles  generally accepted in the United States of America
for  interim  financial  information and with the instructions to Form 10-QSB of
Regulation  S-B.  They  do not include all information and footnotes required by
accounting  principles  generally  accepted  in the United States of America for
complete  financial  statements.  However, except as disclosed herein, there has
been  no  material  change  in  the  information  disclosed  in the notes to the
financial  statements  for  the  year  ended  September 30, 2002 included in the
Company's  Annual  Report  on Form 10-KSB filed with the Securities and Exchange
Commission.  The  interim  unaudited  financial  statements  should  be  read in
conjunction with those financial statements included in the Form 10-KSB.  In the
opinion  of  Management,  all  adjustments  considered  necessary  for  a  fair
presentation, consisting solely of normal recurring adjustments, have been made.
Operating  results  for  the nine months ended June 30, 2003 are not necessarily
indicative of the results that may be expected for the year ending September 30,
2003.

2.   SEGMENT  INFORMATION

     In October 1999, the Company launched its web-sites operation. This segment
derives  revenues from membership fees, traffic sold, and sale of feeds to other
web-site  operators. Below is the financial information related to the Company's
segments:

<TABLE>
<CAPTION>
                              FOR THE THREE MONTHS               FOR THE NINE MONTHS
                                 ENDED JUNE 30,                     ENDED JUNE 30,
                             2003              2002             2003             2002
<S>                    <C>               <C>               <C>              <C>
REVENUES
  Internet Web-sites   $       250,029   $       573,647   $      846,681   $    1,722,492
  Club operation             3,572,112         3,378,422       10,261,995       10,194,184
                       ----------------  ----------------  ---------------  ---------------
                       $     3,822,141   $     3,952,069   $   11,108,676   $   11,916,676
                       ================  ================  ===============  ===============

NET INCOME/(LOSS)
  Internet Web-sites   $        20,757   $       143,838   $       75,187   $      399,941
  Club operation               284,047           412,572          938,699        1,074,452
  Corporate expenses           (28,603)         (333,204)        (671,983)        (718,261)
                       ----------------  ----------------  ---------------  ---------------
                       $       276,201   $       223,206   $      341,903   $      756,132
                       ================  ================  ===============  ===============
</TABLE>


                                        5
<PAGE>
3.   SALE  OF  SUBSIDIARY

     On  June  12, 2003, we entered into an Asset Purchase Agreement with Taurus
Entertainment  Companies,  Inc.,  whereby  we  acquired  all  the  assets  and
liabilities  of  Taurus  Entertainment Companies, Inc. related to all of Taurus'
adult  entertainment  businesses  in  exchange  for  3,752,008  shares of Taurus
Entertainment  Companies,  Inc.  of  the 4,002,008 that we owned plus $20,000 in
cash.  We  also  executed  an Indemnification and Transaction Fee Agreement with
Taurus  Entertainment  Companies,  Inc.  for which we received $270,000, payable
$140,000  at  closing,  with  $60,000  due  on July 15, 2003, and $70,000 due on
August  15,  2003.


                                        6
<PAGE>
Item 2.  Management's Discussion and Analysis of Financial Condition and Results
         of  Operations.

The  following  discussion  should  be  read  in  conjunction  with  our audited
consolidated  financial  statements  and  related notes thereto included in this
quarterly  report.

FORWARD  LOOKING  STATEMENT  AND  INFORMATION

The  Company is including the following cautionary statement in this Form 10-QSB
to  make  applicable  and  take  advantage  of  the safe harbor provision of the
Private  Securities  Litigation  Reform  Act  of  1995  for  any forward-looking
statements  made  by,  or on behalf of, the Company.  Forward-looking statements
include  statements  concerning  plans,  objectives,  goals,  strategies, future
events or performance and underlying assumptions and other statements, which are
other  than  statements  of  historical  facts.  Certain statements in this Form
10-QSB  are  forward-looking  statements.  Words  such as "expects," "believes,"
"anticipates,"  "may,"  and  "estimates" and similar expressions are intended to
identify  forward-looking  statements.  Such statements are subject to risks and
uncertainties  that  could  cause actual results to differ materially from those
projected.  Such  risks  and  uncertainties  are set forth below.  The Company's
expectations,  beliefs  and  projections  are  expressed  in  good faith and are
believed  by  the  Company  to  have  a  reasonable  basis,  including  without
limitation,  management's  examination  of  historical  operating  trends,  data
contained  in the Company's records and other data available from third parties,
but  there  can  be  no  assurance  that  management's  expectation,  beliefs or
projections  will result, be achieved, or be accomplished.  In addition to other
factors  and  matters  discussed  elsewhere  herein, the following are important
factors  that,  in the view of the Company, could cause material adverse affects
on  the  Company's  financial condition and results of operations: the risks and
uncertainties relating to our Internet operations, the impact and implementation
of  the  sexually  oriented  business  ordinances in the jurisdictions where our
facilities  operate,  competitive  factors,  the timing of the openings of other
clubs,  the  availability  of  acceptable  financing to fund corporate expansion
efforts,  and the dependence on key personnel.  The Company has no obligation to
update  or  revise these forward-looking statements to reflect the occurrence of
future  events  or  circumstances.

GENERAL

Our Company presently conducts its business in two different areas of operation:

1.   We  own  and operate upscale adult nightclubs serving primarily businessmen
     and  professionals  that offer live adult entertainment, restaurant and bar
     operations.  We  own  and  operate  seven  adult  nightclubs under the name
     "Rick's  Cabaret"  and "XTC" in Houston, Austin and San Antonio, Texas, and
     Minneapolis, Minnesota. We also own and operate an adult-themed club called
     "Encounters"  that  serves the couples or "swingers'" market in Houston. No
     sexual  contact is permitted at any of our locations. On February 19, 2003,
     we  acquired  51%  control  of  the Wild Horse Cabaret adult nightclub near
     Hobby  Airport (9009 Airport Blvd, off I-45) and will operate it as part of
     our  popular  XTC  Cabaret  group  for $150,000. In April, we organized RCI
     Ventures,  Inc.  to  acquire Nocturnal Concepts, Inc., which operates as an
     addition  to  our  XTC  Cabaret group. We have transferred the ownership of
     Tantric  Enterprises, Inc. (our subsidiary that operates Encounters) to RCI
     Ventures,  Inc.  We  owned  51%  of RCI Ventures, Inc. On June 12, 2003, we


                                        7
<PAGE>
     entered  into  an  Asset  Purchase  Agreement  with  Taurus  Entertainment
     Companies,  Inc.,  whereby  we  acquired  all the assets and liabilities of
     Taurus  Entertainment  Companies,  Inc.  related  to  all  of Taurus' adult
     entertainment  businesses  in  exchange  for  3,752,008  shares  of  Taurus
     Entertainment  Companies,  Inc. of the 4,002,008 that we owned plus $20,000
     in  cash. We also executed an Indemnification and Transaction Fee Agreement
     with  Taurus  Entertainment Companies, Inc. for which we received $270,000,
     payable $140,000 at closing, with $60,000 due on July 15, 2003, and $70,000
     due  on  August  15,  2003.

2.   We  have  extensive  Internet  activities.

     a)  We  currently  own  two  adult  Internet  membership  Web  sites  at
     www.couplestouch.com  and  www.xxxpassword.com.  We  acquire  our  website
     --------------------       -------------------
     content  from  wholesalers.

     b)  We  operate  a  network  of nine online auction sites accessible on the
     Internet  under  the flagship site www.naughtybids.com. These sites provide
                                        -------------------
     customers  with  the opportunity to purchase adult products and services in
     an  auction  format.  We  earn  revenues  by charging service fees for each
     transaction conducted on the highly automated sites, all of which utilize a
     single  technology  platform  that  we  operate.

Our  nightclub  revenues  are derived from the sale of liquor, beer, wine, food,
merchandise,  cover  charges,  membership  fees,  independent contractors' fees,
commissions from vending and ATM machines, valet parking, and other products and
service.  Our  Internet revenues are derived from subscriptions to adult content
Internet  Web  sites,  traffic/referral  revenues, and commissions earned on the
sale  of  products  and  services  through  Internet  auction  sites,  and other
activities.  Our  fiscal  year  end  is  September  30.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED JUNE 30, 2003 AS COMPARED TO
THE THREE MONTHS ENDED JUNE 30, 2002

For  the  three  months  ended June 30, 2003, the Company had consolidated total
revenues of $3,822,141 compared to consolidated total revenues of $3,952,069 for
the  three  months ended June 30, 2002, or a decrease of $129,928.  The decrease
in total revenues was primarily due to the decrease in revenues generated by the
Company's  Internet businesses.  Management believes we are seeing the bottoming
out  of  internet  revenues  due  to  the  aging of the adult internet marketing
programs for adult sites.  While revenues for www.xxxpassword.com, the Company's
                                              -------------------
content  membership  site, has continued to decline, revenues from auction sites
continues  to  increase.  The  Company  started  charging  for  membership  to
www.couplestouch.com  in  February  2003.  www.couplestouch.com is like a single
--------------------
dating site for couples seeking others for sexual relationships/friendships.

The  cost  of  goods sold for the three months ended June 30, 2003 was 14.85% of
total revenues compared to 20.00% for the three months ended June 30, 2002.  The
decrease was due primarily to the reduction in costs of maintaining our Internet
operations.  The  cost of goods sold for the club operation for the three months
ended  June  30,  2003  was 14.96% compared to 15.52% for the three months ended
June  30, 2002.  We continued our efforts to achieve reductions in cost of goods
sold  of the club operations through improved inventory management.  We continue


                                        8
<PAGE>
a  program  to  improve  margins  from  liquor  and  food sales and food service
efficiency.  The  cost of sales from our Internet operation for the three months
ended  June  30,  2003  was 12.43% compared to 44.57% for the three months ended
June  30,  2002.

Payroll  and  related  costs  for  the  three  months  ended  June 30, 2003 were
$1,390,943 compared to $1,310,969 for the three months ended June 30, 2002.  The
increase  was  due  to  additional  personnel  in  the  Company  due  to its new
acquisitions.  Management currently believes that its labor and management staff
levels  are  appropriate.

Other  general  and  administrative expenses for the three months ended June 30,
2003  were $1,825,256 compared to $1,540,291 for the three months ended June 30,
2002.  The increase was due primarily to increase in rents, utilities, marketing
&  promotional  expenses, insurance, maintenance and repairs, and other start up
expenses  for  the  new  clubs.

Interest  expense  for the three months ended June 30, 2003 was $92,761 compared
to  $92,319  for  the  three  months  ended  June  30,  2002.

Net  income  for the three months ended June 30, 2003 was $276,201 compared to a
net  income  of $223,206 for the three months ended June 30, 2002.  The increase
in  net  income  was  primarily  due  to  the  sale of the Company's subsidiary.

RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED JUNE 30, 2003 AS COMPARED TO THE
NINE  MONTHS  ENDED  JUNE  30,  2002

For  the  nine  months  ended  June 30, 2003, the Company had consolidated total
revenues  of  $11,108,676 compared to consolidated total revenues of $11,916,676
for  the fiscal nine months ended June 30, 2002, or a decrease of $808,000.  The
decrease  in total revenues was due to the decline in revenues from the Internet
business  as  a  result of the Company's transition from programs which generate
high  revenues  with  very  low  margins  to  programs which will produce higher
margins  from  lower  revenues.

The  cost  of  goods  sold for the nine months ended June 30, 2003 was 14.88% of
total revenues compared to 19.90% for the nine months ended June 30, 2002.  This
decrease is attributable to the elimination of cost of goods sold related to the
Internet  business.  The cost of goods sold for the club operations for the nine
months  ended June 30, 2003 was 14.56% and 14.40% for the nine months ended June
30,  2002.  Management  continued  its  efforts to achieve reductions in cost of
goods  sold  through  improved  inventory  management.  The  Company continues a
program  to  improve  margins  from  liquor  and  food  sales  and  food service
efficiency.

Payroll  and  related  costs  for  the  nine  months  ended  June  30, 2003 were
$4,027,472  compared to $3,807,925 for the nine months ended June 30, 2002. This
increase  is  a  result  of additional personnel added to the new Company's club
operations.  Management  currently  believes that its labor and management staff
levels  are  appropriate.

Other  general  and  administrative  expenses for the nine months ended June 30,
2003  were  $5,138,455 compared to $4,732,610 for the nine months ended June 30,
2002.  The increase was due primarily to increase in rents, utilities, marketing


                                        9
<PAGE>
&  promotional  expenses, insurance, maintenance and repairs, and other start up
expenses  for  the  new  clubs.

Interest  expense  for the nine months ended June 30, 2003 was $289,618 compared
to $266,590 for the nine months ended June 30, 2002.  The increase was primarily
due  to  the  addition  of  new debts related to the purchase of treasury stock.

Net  income  for  the  nine  months ended June 30, 2003 was $341,903 compared to
$756,132  for  the  nine months ended June 30, 2002.  The decrease in net income
was  primarily due to the decrease in revenues in Company's internet activities.
Management currently believes that the Company is in the position to continue to
be  profitable  in  fiscal  2003.

LIQUIDITY  AND  CAPITAL  RESOURCES

At June 30, 2003, the Company had a working capital deficit of $234,759 compared
to  a  working  capital  deficit  of  $32,997  at  September  30,  2002.

Net cash provided by operating activities in the nine months ended June 30, 2003
was $488,768 compared to net cash provided of $872,951 for the nine months ended
June 30, 2002.  The decrease in cash provided by operating activities was due to
a  decrease  in  net  income.

The Company used $225,956 and $444,972 cash in investing activities and $502,497
and $246,689 cash in financing activities in the nine months ended June 30, 2003
and  2002,  respectively.

In  the  opinion  of  management, working capital is not a true indicator of the
financial  status.  Typically,  businesses  in  the  industry  carry  current
liabilities  in  excess  of  current  assets  because  the  business  receives
substantially  immediate  payment  for  sales,  with  nominal receivables, while
accounts  payable  and  other  current liabilities normally carry longer payment
terms.  Vendors and purveyors often remain flexible with payment terms providing
businesses  with opportunities to adjust to short-term business down turns.  The
Company considers the primary indicators of financial status to be the long-term
trend  of  revenue  growth  and  mix  of  sales  revenues,  overall  cash  flow,
profitability  from  operations  and  the  level  of  long-term  debt.

We  have  not  established  lines of credit or financing other than our existing
debt.  There  can  be  no  assurance  that  we will be able to obtain additional
financing  on  reasonable terms in the future, if at all, should the need arise.

Because of the large volume of cash we handle, stringent cash controls have been
implemented.  In  the  event the sexually oriented business industry is required
in  all  states  to  convert the entertainers who perform at our locations, from
being  independent  contractors to employee status, we have prepared alternative
plans  that  we  believe  will  protect  our profitability.  We believe that the
industry  standard  of  treating  the  entertainers  as  independent contractors
provides  sufficient  safe  harbor protection to preclude payroll tax assessment
for  prior  years.

The  sexually  oriented  business industry is highly competitive with respect to
price,  service  and  location,  as  well  as  the  professionalism  of  the
entertainment.  Although  we  believe  that  we  are  well-positioned to compete
successfully  in  the  future, there can be no assurance that we will be able to
maintain our high level of name recognition and prestige within the marketplace.


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SEASONALITY

Our  nightclub  operations  are  significantly  affected  by  seasonal  factors.
Historically,  we have experienced reduced revenues from April through September
with  the  strongest  operating  results occurring during October through March.
Our  experience  to  date  indicates that there does not appear to be a seasonal
fluctuation  in  our  Internet  activities.

GROWTH  STRATEGY

The  Company  believes that its club operations can continue to grow organically
and through careful entry into markets and demographic segments with high growth
potential.  Upon  careful  research,  new clubs may be opened, or existing clubs
acquired,  in  locations  that are consistent with our growth and income targets
and  which  appear  receptive to the upscale club formula we have developed.  We
may  form joint ventures or partnerships to reduce start-up and operating costs,
with  our  Company  contributing  assets  in  the  form  of  our  brand name and
management expertise.  We may also develop new club concepts that are consistent
with  our  management  and marketing skills.  We may also acquire real estate in
connection  with club operations, although some clubs may be in leased premises.

We also expect to continue to grow our Internet profit centers and plan to focus
in the future on high-margin activities that leverage our marketing skills while
requiring  a  low  level  of  start-up  expense  and  ongoing  operating  costs.

Item 3.    Controls  and  Procedures.

Within 90 days prior to the filing of this report, the Company carried out an
evaluation of the effectiveness of the design and operation of the Company's
disclosure controls and procedures.  This evaluation was carried out under the
supervision and with the participation of the Company's management, including
the Company's chief executive officer and chief financial officer.  Based on
that evaluation, the Company's chief executive officer and chief financial
officer concluded that the Company's disclosure controls and procedures are
effective in timely alerting them to material information required to be
included in the Company's periodic reports to the Securities and Exchange
Commission.  There have been no significant changes in the Company's internal
controls or in other factors, which could significantly affect internal controls
subsequent to the date the Company carried out its evaluation.


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PART  II          OTHER  INFORMATION

Item 6.   Exhibits  and  Reports  on  Form  8-K.

          (a)  Exhibits

                         Exhibit 31.1 - Certification of Chief Executive Officer
and  Chief  Financial  Officer of Rick's Cabaret International, Inc. required by
Rule  13a - 14(1) or Rule 15d - 14(a) of the Securities Exchange Act of 1934, as
adopted  pursuant  to  Section  302  of  the  Sarbanes-Oxley  Act  of  2002.

                         Exhibit  32.1  --  Certification  of  Chief  Executive
Officer  and  Chief  Financial  Officer  of  Rick's  Cabaret International, Inc.
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of 18
U.S.C.  63.

          (b)  Reports  on  Form  8-K

                         The  Company  filed  Form  8-K  relating to the sale of
Taurus  Entertainment  Companies,  Inc.  containing  Item  2  -  Acquisition and
Disposition  of Assets and Item 7 - Financial Statement and Exhibits on June 12,
2003.


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SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                          RICK'S CABARET INTERNATIONAL, INC.



Date:  August 18, 2003                    By:  /s/  Eric  S.  Langan
                                               ---------------------------------
                                          Eric  S.  Langan
                                          Chief Executive Officer and acting
                                          Chief Financial Officer


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</TEXT>
</DOCUMENT>
