July 10, 2009
CLOSING DATE FOR SALE OF MMP EXTENDED

Dover Motorsports Inc. has agreed to extend the closing date of the sale of Memphis Motorsports Park as Gulf Coast Entertainment. L L. C. continues to seek financing.

“While we were not able to close the transaction on the timing previously announced, the parties are completing an extension for a revised closing date,” said Dover Motorsports Executive Vice President Michael Tatoian in a statement. “We remain optimistic that this transaction will close and look forward to continuing to work with GCE and their plans for continuing operations in Memphis and developing a fantastic project in Alabama.”

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Dover Motorsports, Inc. (NYSE: DVD) is a leading promoter of motorsports events in the United States. DVD subsidiaries operate four tracks in three states, and present more than 400 motorsports events each year. This includes 14 major, national events which include races sanctioned by NASCAR and NHRA. Dover Motorsports, Inc. owns and operates Dover International Speedway in Dover, Del., Gateway International Raceway near St. Louis, Mo., Memphis Motorsports Park in Memphis, Tenn., and Nashville Superspeedway near Nashville, Tenn. For further information log on to www.DoverMotorsports.com. This release may contain forward-looking statements based on management’s beliefs and assumptions. Such statements are subject to various risks and uncertainties that could cause results to vary materially. Please refer to the SEC filings of DVD for a discussion of such factors.

Gulf Coast Entertainment, L.L.C. plans to build a motorsports complex that will feature three racing venues which will accommodate many forms of racing on its oval, road course and karting facilities.  In addition, the project will include commercial enterprises including residential, hospitality, retail, restaurants and location based entertainment.  Located in Mobile County, the complex is expected to be fully operational in 2011.  For more information log on to www.alabamamotorsportspark.com.