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NASCAR WCUP: Television Rating for Save Mart/Kragen 350k up 18%

2 July 1999

Television Rating for Save Mart/Kragen 350k up 18%

    CONCORD, N.C., July 2 -- Speedway Motorsports
today announced an 18 percent increase in the national cable rating for the
Save Mart/Kragen 350k NASCAR Winston Cup Series event at Sears Point Raceway
on June 27.  The ESPN broadcast earned a 4.5 national rating compared to a 3.8
last year.
    "The steady rise of television ratings during the 1999 NASCAR season
indicates the continuing explosive growth of this industry," stated H.A.
Wheeler, chief operating officer and president of Speedway Motorsports.
    Improved traffic flow at the speedway allowed a record crowd to watch the
race which concluded in a five-lap shoot out between Jeff Gordon and Mark
Martin on the 1.9-mile road course.  Gordon took the checkered flag to record
his fourth consecutive road course win.
    "We've made improvements in our operations which include increased
utilization of the Lakeville Highway gate and use of shuttle buses on our
grounds," stated Bruton Smith, chairman and chief operating officer of
Speedway Motorsports.
    "We hope to continue improving the racing experience for our fans and
competitors."
    Speedway Motorsports, which will host its next major racing event at
Bristol Motor Speedway on July 8 - 10 with the NHRA Winston Showdown, is a
leading marketer and promoter of motorsports entertainment in the United
States.  SMI owns and operates the following premiere facilities: Atlanta
Motor Speedway, Bristol Motor Speedway, Lowe's Motor Speedway at Charlotte,
Las Vegas Motor Speedway, Sears Point Raceway and Texas Motor Speedway.  SMI
also provides events food, beverage, and souvenir merchandising services
through its Finish Line Events subsidiary, and manufactures and distributes
smaller-scale, modified racing cars through its 600 Racing subsidiary.
    This news release contains forward-looking statements, including
statements with regards to the Company's growth potential.  There are many
factors that affect future events and trends of the Company's business.  These
factors involve certain risks and uncertainties, as set forth in the Company's
filings with the Securities and Exchange Commission, that could cause actual
results or events to differ materially from management's views and
expectations.

Editors Note: For hundreds of hot racing photos and racing art, be sure to visit The Racing ImageGalleries and the Visions of Speed Art Gallery.