Indianapolis Downs sees $81,676 of September net income; revenues fall

By Caroline Salls

Pittsburgh, Nov. 1 - Indianapolis Downs, LLC posted $81,676 of net income for September on total revenues of $19.66 million, 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 $266,439 of net income reported for August on total revenues of $20.64 million.

The company also reported cash and cash equivalents of $45.83 million as of Sept. 30, up from $42.01 million at the end of August.

Indianapolis Downs, a Shelbyville, Ind., racetrack, off-track betting and gaming company, filed for bankruptcy on April 7, 2011. Its Chapter 11 case number is 11-11046.

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