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Last $2.22 USD
Change Today +0.02 / 0.91%
Volume 841.0
As of 8:04 PM 07/2/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1131 North DuPont Highway

Dover, DE 19901

United States

Phone: 302-883-6500

Fax:

Dover Motorsports, Inc. markets and promotes motorsports entertainment in the United States. The company, through subsidiaries, owns and operates Dover International Speedway in Dover, Delaware; and Nashville Superspeedway near Nashville, Tennessee. The company generates revenues primarily from various sources, including ticket sales; rights fees obtained for television and radio broadcasts of its events; sponsorship payments; luxury suite rentals; hospitality tent rentals and catering; concessions and souvenir sales and vendor commissions for the right to sell concessions and souvenirs at its facilities; expo space rentals; and track rentals and other event-related revenues. Dover International Speedway The company promotes six National Association for Stock Car Auto Racing (NASCAR)-sanctioned events at the facility annually. Two races are in the NASCAR Sprint Cup Series professional stock car racing circuit, two races are in the NASCAR Nationwide Series racing circuit, one race is in the NASCAR Camping World Truck Series racing circuit and one race is in the NASCAR K&N Pro Series East racing circuit. Both NASCAR Sprint Cup Series events at Dover are scheduled to be broadcast on network television in 2014. Each of the NASCAR Nationwide Series events, the Camping World Truck Series event and the K&N Pro Series East event at Dover International Speedway are conducted on the days before a NASCAR Sprint Cup Series event. Dover International Speedway presents two NASCAR Sprint Cup Series events and two NASCAR Nationwide Series events each year. Additionally, it hosts three major NASCAR events at one facility on the same weekend. Dover International Speedway, known as the Monster Mile, is a high-banked, 1-mile, concrete superspeedway with permanent seating capacity of approximately 113,000. Unlike some superspeedways, substantially all grandstand and skybox seats offer an unobstructed view of the entire track. The concrete racing surface makes Dover International Speedway the concrete superspeedway (one mile or greater in length) that conducts NASCAR Sprint Cup Series events. The superspeedway facility also features the Monster Bridge. The climate controlled bridge spans across the width of the superspeedway at a height of 29 feet and houses 50-luxury seats, a refreshment bar and other amenities. Nashville Superspeedway Nashville Superspeedway is a motorsports complex. The 1.33-mile concrete superspeedway has 25,000 permanent grandstand seats. The company uses the track for motorsports race team testing and is evaluating its options for the facility. Seasonality The company derives substantially all of its total revenues from admissions, television broadcast rights and other event-related revenue attributable to two major motorsports event weekends held in the spring and fall. As a result, its business is highly seasonal. Intellectual Property The company has various registered and common law trademark rights, including Dover, Dover Motorsports, Dover International Speedway, Nashville Speedway, Nashville Superspeedway, Monster Mile, Miles the Monster, Velocity, Monster Bridge, The Most Exciting Seat in Sports!, Concrete Monster, and Take a Kid to the Races. It also has limited rights to use the names and logos of NASCAR, various sponsors, drivers and other businesses in connection with promoting its events and certain merchandising programs. History Dover Motorsports, Inc. was founded in 1994.

 

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