| Business Summary | | Dover
Downs,
Inc.
is
a
promoter
of
motor
sports
events
in
the
United
States.
The
Company
operates
five
motor
sports
tracks,
comprised
of
four
permanent
facilities
and
one
temporary
circuit,
in
four
states,
and
promoted
16
major
events
during
calendar
year
2000
for
the
National
Association
for
Stock
Car
Auto
Racing
(NASCAR),
Championship
Auto
Racing
Teams
(CART)
and
the
National
Hot
Rod
Association
(NHRA).
The
Company
operates
the
historic
Nashville
Speedway
at
the
Tennessee
State
Fairgrounds,
and
is
constructing
a
new
superspeedway
and
motor
sports
complex
near
Nashville,
Tennessee.
The
Company
also
organizes
and
promotes
the
Toyota
Grand
Prix
of
Long
Beach
in
Long
Beach,
California,
and
owns
and
operates
Gateway
International
Raceway
near
St.
Louis,
Missouri
and
Memphis
Motor
sports
Park
near
Memphis,
Tennessee. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DVD
is
a
leading
promoter
of
NASCAR,
CART
and
NHRA
auto
racing.
DVD
also
owns
and
operates
the
Dover
Downs
Raceway
harness
racing
track
and
a
video
lottery
(slot)
casino
at
a
multi-purpose
gaming
and
entertainment
complex
in
Dover,
DE.
For
the
comparable
six
months
ended
6/30/01,
revenues
rose
8%
to
$140
million.
Net
income
fell
8%
to
$16.8
million.
Results
reflect
higher
gaming
and
motorsports
revenues,
offset
by
the
negative
impact
of
inclement
weather
at
four
major
motorsports
events. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Henry Tippie, 74 Chairman | -- | Denis McGlynn, 55 Pres,
CEO, Director | $264K | Timothy Horne, 34 CFO,
VP-Fin. | 107K | Edward Sutor, 50 Exec.
VP | 133K | Klaus Belohoubek, 41 VP,
Gen. Counsel and Sec. | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|