Speedway Motorsports Inc(28-3/4, down 17-3/16 @ 11:10 am ET) announced that net earnings for the quarter ended September 30, 1999 will be approximately $6 mln below expectations. The results are attributable to Indy Racing League and National Hot Rod Association events, continued carrying costs of the Las Vegas Motor Speedway Industrial Park, and start-up expenses of Oil-Chem Research Corp. The Company estimates that these shortfalls will result in a loss for the quarter, although a record profit will be generated for the nine months ended September 30, 1999( Infobeat Stock Alert ) and this story: Speedway shrs drop after earnings warning mentions The remainder of the $6 million shortfall is evenly balanced between a “rain plagued” National Hot Rod Association event, expenses from its Las Vegas Motor Speedway, which is for sale , and marketing costs for its Oil-Chem Research Corp. start-up(Yahoo) and a Racer Magazine story — UPDATE: LVMS dources tell me that the business park has beenfor sale ever since Bruton bought the place and that LVMS is not for sale
