The parent company of Las Vegas Motor Speedway absorbed another financial hit in the second quarter as revenue, including ticket sales, was down for the three-month period compared to the same time period in 2012.
Concord, N.C.-based Speedway Motorsports, Inc. reported a net loss of $67.8 million for the quarter ending June 30. The company reported a $69.2 million net loss for the first six months of 2013, compared to the same half-year in 2012.
Speedway owns and operates eight major motorsport tracks across the U.S., including the Las Vegas facility off Interstate 15. Ticket sales continued to slide in the second quarter, dropping to $34.2 million from $39 million for the same three-month period in 2012.
Company officials blamed bad weather for the soft admission and revenue numbers. “Management believes admissions were negatively impacted by poor weather surrounding certain second quarter 2013 racing events, including the NASCAR Sprint Cup race at Sonoma Raceway and rain delayed, shortened and rescheduled NASCAR Sprint Cup and Nationwide races at Charlotte Motor Speedway and Kentucky Speedway,” the company reported Wednesday.