Speedway Motorsports, Inc., through its subsidiaries, operates as a promoter, marketer, and sponsor of motorsports activities in the United States. It owns and operates Atlanta Motor Speedway, Bristol Motor Speedway, Charlotte Motor Speedway, Infineon Raceway, Kentucky Speedway, Las Vegas Motor Speedway, New Hampshire Motor Speedway, and Texas Motor Speedway racing facilities. As of December 31, 2011, its racing facilities include total seating capacity of approximately 900,000, with 832 luxury suites. The company also provides souvenir merchandising services; food, beverage, and hospitality catering services; and radio programming, production, and distribution services. In addition, it develops electronic media promotional programming; and distributes wholesale and retail racing, and other sports related souvenir merchandise and apparel. Further, the company manufactures and distributes smaller-scale, modified racing cars and parts; and produces and sells an environmentally-friendly micro-lubricant. Speedway Motorsports, Inc. has a joint venture with International Speedway Corporation and Motorsports Authentics to produce and market licensed motorsports products for principally trackside event souvenir merchandising. The company was founded in 1959 and is based in Concord, North Carolina.