Speedway Motorsports Inc. purchased 143 acres of land across from Kentucky Speedway to expand parking, which caused a huge debacle at the team’s inaugural Sprint Cup race this season. SMI also said it would hire professional parking and engineering services to manage automotive and pedestrian traffic flows during event days. As a result, the Kentucky [...]
Speedway Motorsports Inc reported second quater total revenues of $153.1 million and adjusted non-GAAP income from operations of $20.5 million of $0.49 per diluted share. Six month total revenues were $239.9 million and adjusted non-GAAP income from operations was $23.7 million or $0.57 per diluted share.
Atlanta Motor Speedway, which is owned by Speedway Motorsports Inc, announced that in 2011, the track will have only one NASCAR racing weekend, instead of two. For the last 50 years, the track has hosted two NASCAR race weekends. Speedway president Ed Clark said: Atlanta Motor speedway has provided top-quality racing entertainment to spectators from [...]
Lowe’s Cos. Inc does not plan to renew its naming rights contact with Speedway Motorsports Inc. for Lowe’s Motor Speedway, according to a report. The decision is not set in stone, but it highly unlikely that Lowe’s will reconsider.
Atlanta Motor Speedway has filed suit against Pep Boys over a two-year sponsorship deal. According to court documents, AMS claims that Pep Boys stopped making payments on a $3 million race sponsorship contract. The suit states that contract called for $1.4 million for AMS’s 2008 fall race, and $1.6 million for the 2009 fall race. [...]