Indianapolis Downs LLC and its affiliate Indiana Downs Capital Corp. filed for Chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware April 7 (In re Indianapolis Downs LLC).
The Shelbyville, Ind.-based company, doing business as Indiana Downs and Indiana Live!, operates an entertainment complex comprised of a racetrack and a casino 25 miles outside of Indianapolis, employing between 1,100 and 1,300 employees, court documents indicate.
Events Leading to Chapter 11.
In 2010, after the casino had operated in its permanent location for a full year, the debtor experienced an 8.7 percent increase in revenue, ...
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