Indianapolis Downs net income increases to $2.69 million in December

By Caroline Salls

Pittsburgh, Jan. 31 - Indianapolis Downs, LLC reported $2.69 million of net income for December on $19.77 million of total revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The December figures showed improvement over the $721,476 of net income posted for November on $18.54 million of total revenues.

The company also reported cash and cash equivalents of $31.68 million as of Dec. 31, up from $29.28 million at the end of November.

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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