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Encyclopedia > Speedway Motorsports

Speedway Motorsports Incorporated (NYSE: TRK) often called simply SMI is a stock corporation whose primary business is the ownership and management of race tracks on the NASCAR Nextel Cup series and other race series. New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is the second largest stock exchange in the world. ... NASCAR logo The National Association for Stock Car Auto Racing (NASCAR) is the largest sanctioning body of motorsports in the United States. ... The Nextel Cup Series is NASCARs premier stock car racing series. ...


The company owns Atlanta Motor Speedway, Bristol Motor Speedway, the Infineon Raceway road course near San Francisco, California, Las Vegas Motor Speedway, Lowe's Motor Speedway near Charlotte, North Carolina, and Texas Motor Speedway near Fort Worth, Texas. Together these tracks represent slightly less than one-third of the events on the NASCAR Nextel Cup series. The company also owns the Performance Racing Network, a radio network that broadcasts races from its tracks. Atlanta Motor Speedway is a superspeedway in Hampton, Georgia, USA, 20 miles south of Atlanta. ... Bristol Motor Speedway is a NASCAR short track located in Bluff City, Tennessee, near Bristol. ... Infineon Raceway, formerly Sears Point Raceway, is a road course and drag strip in the golden hills of northern California, near Sonoma, north of San Francisco. ... San Francisco skyline. ... Las Vegas Motor Speedway, located at 7000 Las Vegas Boulevard North in Las Vegas, Nevada, is an complex of 4 different tracks for automobile racing. ... Lowes Motor Speedway (formerly Charlotte Motor Speedway) is a superspeedway in Concord, North Carolina, a few miles north of Charlotte. ... For other places or people named Charlotte, see Charlotte (disambiguation). ... Texas Motor Speedway is a speedway located in Justin, Texas, near Fort Worth, Texas. ... Fort Worth is the sixth-largest city in the state of Texas, located about 30 miles west of Dallas on the West Fork Trinity River and forming part of the Dallas/Fort Worth Metroplex. ...


The company also owns a half interest in a closed track in North Wilkesboro, North Carolina, as well as full ownership of the now-closed North Carolina Speedway in Rockingham, North Carolina. The company's purchases and closures of the tracks in order to obtain dates for the Texas facility was objected to by many traditional NASCAR fans and by many politicians in North Carolina. North Wilkesboro is a town located in Wilkes County, North Carolina. ... The North Carolina Speedway, affectionately known as The Rock, was home to NASCAR racing from 1966 to 2004. ... Rockingham is a city located in Richmond County, North Carolina. ... State nickname: Tar Heel State Other U.S. States Capital Raleigh Largest city Charlotte Governor Michael Easley Official languages English Area 139,509 km² (28th)  - Land 126,256 km²  - Water 13,227 km² (9. ...


The company's tracks are known for elaborate pre-race shows, often featuring displays by the United States Armed Forces. The armed forces of the United States of America consist of the United States Army United States Navy United States Air Force United States Marine Corps United States Coast Guard Note: The United States Coast Guard has both military and law enforcement functions. ...


  Results from FactBites:
 
Fool.com: Spectacular Speedway Motorsports [Motley Fool Take] May 5, 2004 (321 words)
Speedway Motorsports (NYSE: TRK) reported first-quarter revenue growth of 16% and earnings growth of 29% on a comparable basis.
At first glance, it would seem that the growth potential for Speedway Motorsports and its competitors International Speedway (Nasdaq: ISCA) and Dover Motorsports (NYSE: DVD) would be somewhat limited.
Speedway Motorsports, for example, can currently seat more than 750,000 and believes that current demand exceeds that capacity.
Speedway Motorsports Declares $0.305 Cash Dividend (236 words)
This is the second consecutive year that Speedway Motorsports has paid a cash dividend to its stockholders.
The Company also announced that it had completed the exchange of all of the outstanding unregistered 6 3/4% Senior Subordinated Notes due 2013, that were issued in a private transaction on May 16, 2003, for new registered 6 3/4% Senior Subordinated Notes due 2013.
Speedway Motorsports is a leading marketer and promoter of motorsports entertainment in the United States.
  More results at FactBites »


 

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