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Las Vegas Monorail reports $1.38 million net loss for January
By Caroline Salls
Pittsburgh, March 2 - Las Vegas Monorail Co. posted a $1.38 million net loss for the month ended Jan. 31 on $992,427 in total revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Nevada.
Las Vegas Monorail had $1.73 million in cash and cash equivalents at Jan. 31.
The company, a Las Vegas non-profit monorail operator, filed for bankruptcy on Jan. 13. The Chapter 11 case number is 10-10464.
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