Indianapolis Downs posts $15 million net income for July, revenue up

By Jim Witters

Wilmington, Del., Sept. 2 - Indianapolis Downs LLC reported net income of $15 million for July on $22.9 million of total revenue, according to the company's monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a $6.1 million net loss in June on $20.03 million of total revenue.

The company also reported cash and cash equivalents of $27.8 million as of July 31, compared to $23.95 million at the end of June.

Indianapolis Downs, a Shelbyville, Ind., racetrack, off-track betting and gaming company, filed for bankruptcy on April 7. The 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.