Indianapolis Downs' net loss is $468,151 in April on falling revenue

By Jim Witters

Wilmington, Del., June 4 - Indianapolis Downs, LLC reported a net loss of $468,151 for April on total revenue of $21.47 million, according to the company's monthly operating report filed June 2 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to $3.11 million in net income on $22.44 million in total revenue for the month of March.

The company also reported $39.2 million of cash as of April 30, up from $35.39 million at the end of March.

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.

© 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.