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Speedway Motorsports Announces Proposed Private Placement

30 April 1999

Speedway Motorsports Announces Proposed Private Placement

    CONCORD, N.C., April 29 -- Speedway Motorsports, Inc.
announced that it intends to offer approximately $75 million of
Senior Subordinated Notes due 2007.  These notes are in addition to and
identical to $125 million of Speedway Motorsports' Senior Subordinated Notes
due 2007 issued in August 1997.  The offering will be made by means of an
offering memorandum to qualified institutional buyers pursuant to Rule 144A
promulgated under the Securities Act of 1933 and is expected to close in mid-
May.  Speedway Motorsports will use the net proceeds from the offering to pay
a portion of its indebtedness outstanding under its existing revolving credit
facility.  The securities to be offered in the private placement will not be
registered under the Securities Act of 1933 or applicable state securities
laws, and may not be offered or sold in the United States absent registration
under the Securities Act and applicable state securities laws or applicable
exemptions from registration requirements.