Indianapolis Downs reports $774,958 August net loss; revenues decline

By Caroline Salls

Pittsburgh, Sept. 28 - Indianapolis Downs LLC reported a $774,958 net loss for August on $20.3 million of total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The figures showed a decline from the $15 million of net profit posted for July on $22.9 million of total revenue.

The company also reported cash and cash equivalents of $26.73 million as of Aug. 31, down from $27.8 million at July 31.

Indianapolis Downs, a Shelbyville, Ind., racetrack, off-track betting and gaming company, filed for bankruptcy on April 7. The Chapter 11 case number is 11-11046.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.