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Indianapolis Downs marks improved $721,476 of net income for November
By Caroline Salls
Pittsburgh, Dec. 30 - Indianapolis Downs, LLC reported $721,476 of net income for November on $18.54 million of total revenues, according to its monthly operating report filed Dec. 30 with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Indianapolis Downs posted an $879,298 net loss for October on $18.76 million of total revenues.
The company also reported cash and cash equivalents of $29.28 million as of Nov. 30, up from $28.68 million at the end of October.
Indianapolis Downs, a Shelbyville, Ind., racetrack, off-track betting and gaming company, filed for bankruptcy on April 7, 2011. The Chapter 11 case number is 11-11046.
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