>Saddlebrook Resorts sinks into the red

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>Amid a drop in room rates and occupancy levels, Saddlebrook Resorts Inc. reported a net loss of $1 million for 2009.

The new loss was a change of about $3.6 million from the prior year’s net income of $2.6 million, the company said in a filing with the Securities and Exchange Commission.

Total revenue for 2009 was $26.8 million, a decrease of $19 million, or about 42 percent from the prior year.

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