This is a summary of the second quarter fiscal 2008 earnings call conducted by Speedway Motorsports, Inc. (TRK: chart) on August 6, 2008

Management:

- Chairman and Chief Executive Officer: O. Bruton Smith,
- Vice Chairman of the Board, CFO and Treasurer: William R. Brooks
- Executive VP of Management and Administration: Lauri Wilks
- President, Chief Operating Officer and Director: Marcus G. Smith

Key Investors Issues:

- Total revenues were $212.8 million, up 18% from $180.8 million in 2007.
- Net income was $47.0 million or $1.08 a share, 17% increase.
- The Company repurchased 156,000 shares of common stock for approximately $4.2 million.

Year-to-Date Highlights:

-Total revenues increased 11% to $368.0 million compared to $332.9 million in 2007.
- Net income increased 8% to $77.9 million or $1.79 a share from $72.2 million or $1.64 a share in the prior year.

Second Quarter Highlights:

Total revenues increased 17.6% to $212.8 million in 2008 compared to $180.8 million in 2007 on strong performance across all revenue categories.

- Revenues from Admissions were $58.2 million compared to $49.3 million from the prior year quarter.
- Revenues from Events were $72.9 million as to $63.9 million of the second quarter 2007.
- Revenues from NASCAR broadcasting were $68.6 million compared to $55.8 from the prior year quarter.
- Revenue from other operating was $13.1 million as to $11.8 million of the second quarter last year.

Net income increased 17% to $47.1 million or $1.08 a share compared to $40.3 million or 92 cents a share in 2007 on revenue growth.

- Cash, cash equivalents and short-term investments totalled $134.0 million compared to $168.5 million of the second quarter of 2007.
- Equity investments in associated entities were $80.2 million compared to $76.7 million of last year same period.
- Goodwill and other intangible assets, net $558.3 compared to $156.0 million from the prior quarter.
- Deferred race event income, net $104.5 million as to $112.1million of the previous year quarter.

2008 Earnings Guidance:

- The firm continues to renew long term partnerships this year and into the future.
- The company is off to a great start for the 2009 selling season and will continue those efforts going in for the rest of this year.
- The firm expects those to remain soft in the second half of the year but also expect other fillers of the model to continue to stay strong in corporate spending and the media fronts.
- Looking into the second half of 2008 in the third quarter the firm will host significant events at Bristol with the Sharpie 500 weekend coming up in a few weeks, and expect a fantastic crowd.
- In the fourth quarter the company has got the Bank of America 500 at Lowe’s Motor Speedway, the Pep Boys Auto 500 at Atlanta Motor Speedway and the Dickies 500 weekend at Texas Motor Speedway.

Key questions and answers for the second quarter fiscal 2008 earnings call, Speedway Motorsports, Inc. (TRK: chart) on August 6, 2008

Bob Simonson: Will you close on a Kentucky transaction if NASCAR does not allow you to put a race there in the 2009 schedule?

William R. Brooks: The Kentucky due diligence is ongoing right now and it will be complete within the period that we indicated back in May and once it is we are going to make a final decision and we expect to file an 8-K one way or the other by the end of this month.

Bob Simonson: How have you split up your former marketing duties?

Marcus G. Smith: We have a great team with significant experience on the marketing front. We continue followed with renewals and expansion of the business going into next year we are nearing completion of the process to select our new head of national sales.