Exhibit 99.1
| | |
| FOR IMMEDIATE RELEASE | | For further information, call: |
| | | Patrick J. Bagley, Sr. Vice President-Finance |
| Dover, Delaware, April 27, 2005 | | (302) 857-3745 |
DOVER MOTORSPORTS, INC.
DECLARES REGULAR QUARTERLY DIVIDEND
Dover Motorsports, Inc. (NYSE-Symbol: DVD) Board of Directors today declared a quarterly cash dividend on both classes of common stock of $.01 per share. The dividend will be payable on June 10, 2005 to shareholders of record at the close of business on May 10, 2005.
* * *
This release contains or may contain forward-looking statements based on management’s beliefs and assumptions. Such statements are subject to various risks and uncertainties which could cause results to vary materially. Please refer to the Company’s SEC filings for a discussion of such factors.
Dover Motorsports, Inc. is a leading promoter of motorsports events in the United States. Its motorsports subsidiaries operate five motorsports tracks (four permanent facilities and one temporary circuit) in four states and promote motorsports events under the auspices of four of the premier sanctioning bodies in motorsports – NASCAR, NHRA, IRL and Champ Car. The Company owns and operates Dover International Speedway in Dover, Delaware; Nashville Superspeedway near Nashville, Tennessee; Gateway International Raceway near St. Louis, Missouri; and Memphis Motorsports Park in Memphis, Tennessee. It also organizes and promotes the Toyota Grand Prix of Long Beach in California.
1
