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New York Racing Association reports $14.66 million August net income
By Caroline Salls
Pittsburgh, Sept. 18 - The New York Racing Association Inc. reported a $14.66 million net income for August on revenues of $51.95 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures show significant improvement over a $368,428 July net loss on revenues of $27.57 million.
Cash and cash equivalents on Aug. 31 were $40.96 million, compared with $33.46 million at the end of July.
The New York Racing Association filed for bankruptcy on Nov. 2, 2006. Its Chapter 11 case number is 06-12618.
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