Speedway Motorsports, Inc.
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Speedway Motorsports | |
Type | Public (NYSE: TRK) |
---|---|
Founded | 1959 |
Headquarters | Concord, North Carolina (at Lowe's Motor Speedway) |
Key people | Bruton Smith, founder and CEO |
Industry | Motorsports |
Products | Motorsport venues |
Revenue | $570 million USD |
Employees | 793 (full time) |
Website | www.speedwaymotorsports.com |
Speedway Motorsports, Inc. or SMI (NYSE: TRK) is an American corporation that owns and manages race tracks on the NASCAR Nextel Cup series and other race series.
The company owns Atlanta Motor Speedway located in the nearby suburb of Hampton, Georgia, Bristol Motor Speedway, the Infineon Raceway (formerly known as Sears Point), a road course near San Francisco, California, Las Vegas Motor Speedway, Lowe's Motor Speedway in Concord, North Carolina, a suburb of Charlotte (where SMI has its corporate headquarters), 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.
The company also owns a half interest in North Wilkesboro Speedway 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.
The company's tracks are known for elaborate pre-race shows, often featuring displays by the United States Armed Forces.