ISC reports drop in admissions revenue

International Speedway Corp. has seen revenues drop 13.6 percent and has reported a loss for the first six months of its 2009 fiscal year – the loss mostly attributed to a write-down of $55.6 million for struggling merchandise arm Motorsports Authentics. In releasing its financial statement for December 2008-May 2009, ISC said it has seen admissions revenue drop 16.5 percent, motorsports-related revenue drop 8.7 percent and food, beverage and merchandise revenue drop 33.7 percent. Admissions revenue for March-May (including NASCAR Sprint Cup weekends at Martinsville, Phoenix, Talladega, Richmond and Darlington) were down 18.2 percent. The track operator has had a net loss of $6.5 million for the first half of the year, compared to a profit of $62.25 million in the first half of last year. SceneDaily

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