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New York Racing Association reports $3.75 million January net loss
By Caroline Salls
Pittsburgh, Feb. 19 - The New York Racing Association Inc. reported a $3.75 million net loss for January on net revenues of $9.15 million, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
The figures showed improvement over a $5.31 million December net loss on net revenues of $7.24 million.
Cash and cash equivalents on Jan. 31 were $15.1 million, compared with $21.75 million at the end of December.
The New York Racing Association filed for bankruptcy on Nov. 2, 2006. Its Chapter 11 case number is 06-12618.
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