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Las Vegas On Track for Another NASCAR Race | News

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Las Vegas On Track for Another NASCAR Race
News, Sports
Las Vegas On Track for Another NASCAR Race

 

 

The owner of the Las Vegas Motor Speedway is considering moving a second NASCAR Sprint Cup race to Las Vegas.

Bruton Smith owns Speedway Motorsports Inc., which has eight tracks in several areas around the country, including Las Vegas and Charlotte, North Carolina.

Smith told a TV station in Charlotte that he is considering moving the Charlotte Bank of America 500 that runs in October to Las Vegas. Smith said he can make a lot more money with 10-year contract in Las Vegas.

He must request the move through NASCAR, but, according to the Sporting News, the organization has not stopped a realignment request since the rule was adopted 10 years ago.

"They have made me offers to move one. NASCAR would approve of this. It is something in the stages now for at least a year. When the game is over, it will be money, money, money. Money will move it," Smith said.

Attendance numbers have slipped at all Speedway tracks over the last five years. Since 2008, the company has lost $72 million in revenue.

Charlotte's speedway has seen 65,000 fewer fans attend its big race since 2007. Las Vegas has also lost fans but only about 6,500 in the same time period.

The economic impact from the lone race in Las Vegas is huge. In 2012, it generated $240 million. That number includes money made by the speedway, hotels, restaurants and stores over the three days of NASCAR weekend.

Smith released a statement Tuesday denying it is a done deal, but a source in Charlotte told the CBS affiliate, WBTV, it is a done deal.

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