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Speedway Motorsports Incorporated (NYSE: TRK) often called simply SMI is a stock corporation whose primary business is the ownership and management of race tracks on the NASCAR Nextel Cup series and other race series.
The company owns Atlanta Motor Speedway, Bristol Motor Speedway, the Infineon Raceway road course near San Francisco, California, Las Vegas Motor Speedway, Lowe's Motor Speedway near Charlotte, North Carolina, 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 a closed track in North Wilkesboro, North Carolina. The company's purchase and closure of the track in order to obtain a date 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.
--SamC 14:10, 5 Dec 2004 (UTC)
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