Securities and Exchange Commission
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report
                       Pursuant To Section 13 or 15(d) Of
                       The Securities Exchange Act of 1934

                         Date of Report:  July 10, 2006

                       RICK'S CABARET INTERNATIONAL, INC.
             (Exact Name of Registrant As Specified in Its Charter)

          Texas                          0-26958                 76-0037324
(State Or Other Jurisdiction     (Commission File Number)      (IRS Employer
     of Incorporation)                                       Identification No.)

                                10959 Cutten Road
                              Houston, Texas 77066
          (Address Of Principal Executive Offices, Including Zip Code)

                                 (281) 397-6730
                (Issuer's Telephone Number, Including Area Code)



ITEM 8.01     OTHER EVENTS.

     On July 10, 2006, we entered a Letter of Intent under which we will acquire
99%  of  the  ownership  interest  in  an  adult  entertainment cabaret known as
"Centerfolds"  located  at 5418 Brewster Street, San Antonio, Texas.   Under the
proposed  terms  of  the transaction, our subsidiary, RCI Holdings, Inc. ("RCI")
will  also  acquire  100%  of  the  interest  in  the  real  property upon which
Centerfolds  is  located.  The  total  purchase  price for the business and real
property  will  be  $2,900,000.  Under  terms  of the agreement, we will pay the
owners  of  the  club  and property $600,000 in cash at the time of purchase and
will sign promissory notes for the remaining balance.  A definitive agreement is
expected  to  be  signed by July 31st, with closing to occur shortly thereafter,
contingent  upon normal due diligence and closing activities including obtaining
the  transfer  of  all existing licenses and permits to us, and other conditions
consistent  with  transactions  of  this  type.

     Upon  closing  of the transaction, certain members of the current ownership
structure will enter a five-year covenant not to compete with us.  A copy of the
press  release  related  to this transaction is attached hereto as Exhibit 99.1.



ITEM 9.01     FINANCIAL STATEMENTS AND EXHIBITS

     (c) Exhibits

Exhibit Number          Description

      99.1              Press release dated July 13, 2006



                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the  undersigned  hereunto  duly  authorized.

                                              RICK'S CABARET INTERNATIONAL, INC.


                                      By:     /s/ Eric Langan
                                              ---------------
Date: July 13, 2006                           Eric Langan
                                              Chairman, President,
                                              Chief Executive Officer and
                                              Principal Accounting Officer