I'm not sure that "gentlemen's club" is the greatest euphemism ever coined, but it is certainly up there. "Strip joint" captures the essence much better. Nonetheless, Potter's Pub fancied itself a "gentlemen's club". John Potter, the long term owner was in Tax Court recently. Things did not go well for him, although since he had already been criminally convicted, the fraud penalty was more a matter of adding insult to injury.