SpeedwayMotorsports.com
Title
Speedway Motorsports, Inc.
Description
Speedway Motorsports, Inc. (SMI) is a leading marketer and promoter of motorsports entertainment in the United States. SMI owns six premier speedway facilities in growing markets across the country and has one of the largest total permanent seating capacities, with the highest average number of seats per speedway, in the motorsports industry. Speedway Motorsports also provides souvenir merchandising through SMI Properties, manufactures and distributes smaller-scale, modified racing cars through 600 Racing, as well as broadcasts syndicated racing programs through Performance Racing Network. SMI is headquartered in Concord, NC and is listed on the NYSE under the symbol TRK. At December 31, 2005 total permanent seating capacity was approximately 775,000 located at the following facilities:
commissions earned on sales of food, beverages and hospitality catering and sales of souvenirs and other motorsports related merchandise; andrental of luxury suites during events and other track facilities.
In 2004, we derived approximately 80% of our total revenues from NASCAR-sanctioned events. We have experienced substantial growth in revenues and profitability as a result of the following factors:
