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LADBROKE RACING PENNSYLVANIA ANNOUNCES NET INCOME

 MEADOW LANDS, Pa., Feb. 11 /PRNewswire/ -- Ladbroke Racing Pennsylvania today announced a net income of approximately $1 million for 1992 pending a final audit.
 Spokesperson Bob Sabot said, "It appears that we have realized our first profit since Ladbroke Racing began its Pennsylvania operation in 1989."
 Ladbroke Racing Pennsylvania owns and operates Ladbroke at The Meadows and off-track wagering facilities in Harmar Township, New Castle, Moon Township, Johnstown and Greensburg, all in Pennsylvania. A sixth off-track wagering site is still slated to be built but it is unclear whether that will occur in 1993. Ladbroke Racing Pennsylvania showed a loss of $331,000 in 1991, nearly $1 million in 1990 and a $780,000 loss in 1989.
 Ladbroke at The Meadows reported total attendance of 514,286 in 1992, down from 581,420 in 1991. However, total attendance at The Meadows and the off-track sites was 1,283,077 in 1992 compared with 1,046,418 in 1991 and 872,188 in 1990.
 Total wagering was $197,860,000 in 1992, up sharply from $142,853,000 in 1991 and $109,007,000 in 1990.
 -0- 2/11/92
 /CONTACT: Bob Sabot of Ladbroke at The Meadows, 412-225-9300, or 412-563-1224/


CO: Ladbroke Racing Pennsylvania; Ladbroke at The Meadows ST: Pennsylvania IN: CNO SU: ERN

DM-KC -- PG006 -- 5591 02/11/93 10:15 EST
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Publication:PR Newswire
Date:Feb 11, 1993
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