Speedway Motorsports Inc Stock Company Profile

Description

Speedway Motorsports, Inc., through its subsidiaries, promotes, markets, and sponsors motorsports activities in the United States. The company owns and operates eight racing facilities, including Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, Sonoma Raceway, and Texas Motor Speedway racing facilities. As of December 31, 2015, its racing facilities included total seating capacity of approximately 786,000 with 760 luxury suites. The company also provides event and non-event souvenir merchandising and distribution services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it manufactures and distributes modified racing cars and parts; produces and sells environmentally-friendly micro-lubricant; distributes wholesale and retail motorsports and other sports-related souvenir merchandise and apparel; leases oil and gas mineral rights; and rents warehouse, industrial park, and office space, as well as tracks for motorsports and non-motorsports events and activities, and driving schools. The company was founded in 1959 and is based in Concord, North Carolina. Speedway Motorsports Inc. operates as a subsidiary of Sonic Financial Corporation.