Indianapolis Downs posts $91,087 net income for November; revenue up

By Jim Witters

Wilmington, Del., Dec. 31 - Indianapolis Downs, LLC posted net income of $91,087 for November on total revenue of $19.18 million, according to the company's monthly operating report filed Dec. 31 with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to a net loss of $839,489 for October on $18.44 million of revenue.

The company also reported cash and cash equivalents of $43.13 million as of Nov. 30, up from $39.84 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. Its Chapter 11 case number is 11-11046.

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