SPEEDVEGAS has filed for Chapter 11 bankruptcy.
In a statement released to FOX5, the company said it has negotiated financing so it can operate "without interruption during this process."
SPEEDVEGAS, which is located said,"this last quarter was our strongest since the opening of the track." Adding, the company intends to use the coming months to restructure and continue its growth.
The track opened in 2016. It allows people to drive exotic cars at high speeds on a closed course.
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