EXHIBIT 99.1

		FOR:		International Speedway Corporation
		CONTACT:		Charles N. Talbert
				Director, Investor and Corporate
				Communications
				(386) 681-4281

INTERNATIONAL SPEEDWAY CORPORATION REPORTS FINANCIAL
RESULTS FOR THE FIRST QUARTER OF FISCAL 2011 AND
REITERATES ITS FULL YEAR FINANCIAL GUIDANCE

     DAYTONA BEACH, Fla. — April 5, 2011 — International Speedway Corporation (NASDAQ Global Select Market: ISCA; OTC Bulletin Board: ISCB) (“ISC”) today reported financial results for its fiscal first quarter ended February 28, 2011.

     “We are pleased to report first quarter results that exceeded our financial expectations,” stated ISC Chief Executive Officer Lesa France Kennedy. “The track repaving at Daytona International Speedway provided additional national prominence to the DAYTONA 500 and was a contributing factor to the total attendance increase for the events of Speedweeks 2011 at Daytona. The momentum generated from the start of the season has also contributed to solid results for our NASCAR event weekends held during the quarter at Phoenix International Raceway and subsequent to the quarter at Auto Club Speedway and Martinsville Speedway.

     “Additionally, disciplined focus on the cost-side of the business is delivering the expected marked improvement in our operating margin. Not only is execution of our cost containment initiatives providing us confidence to reiterate our full-year financial guidance, but also driving increased bottom-line results year-over-year.”

     Ms. France Kennedy continued, “While we are optimistic for the remainder of the year, we realize that our attendance-related revenues will continue to be a significant near-term business risk. With the economy showing signs of sustained growth, we have been actively focused on improving customer retention and advance ticket sales. Through targeted consumer initiatives and capacity adjustments, we believe the Company will gradually increase retention rates and regain a more normalized advance ticket sales trend.”

First Quarter Comparison

     Total revenues for the first quarter were approximately $148.7 million, compared to revenues of approximately $152.0 million in the prior-year period. Operating income was approximately $39.4 million during the period compared to approximately $39.8 million in the first quarter of fiscal 2010. In addition to the macroeconomic challenges, quarter-over-quarter comparability was impacted by:

-more-

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 2

	•		The NASCAR spring Sprint Cup and Nationwide events held at Auto Club Speedway in fiscal 2010 were realigned to Kansas and will be held in the third quarter of fiscal 2011;
	•		The NASCAR Sprint Cup and Nationwide series events at Phoenix were held in the first quarter of fiscal 2011. The corresponding events were held in the second quarter of fiscal 2010. In addition, Phoenix held a NASCAR Camping World Truck Series event in the first quarter of fiscal 2011 for which there was no comparable event in fiscal 2010;
	•		In the first quarter of fiscal 2011, the Company recognized non-cash impairments of long-lived assets totaling approximately $2.9 million, or $0.04 per diluted share, primarily attributable to the removal of certain assets in connection with the repaving of the track and grandstand enhancements at Phoenix as well as grandstand enhancements at Kansas.
	•		During the first quarter of fiscal 2010, the Company recognized approximately $1.3 million, or $0.02 per diluted share, in expense related to an interest rate swap. In fiscal 2011, the remaining deferred interest rate swap balance is included in other comprehensive loss and is being amortized as interest expense over the 10 year term of private placement senior notes the Company issued in January 2011; and
	•		During the first quarter of fiscal 2010, the Company had favorable tax settlements with certain states, where it de-recognized potential interest and penalties totaling approximately $5.4 million, or $0.11 per diluted share. This de-recognition of interest and penalties was recorded as a reduction in income tax expense in ISC’s consolidated statement of operations. There was no comparable activity related to these settlements in the same period of the current year.

     Net income for the first quarter was approximately $21.4 million, or $0.45 per diluted share, compared to net income of approximately $25.4 million, or $0.53 per diluted share, in the prior year. Excluding the operating results from the Company’s equity investment and the impairment of long-lived assets, non-GAAP (defined below) net income for the first quarter of 2011 increased to approximately $23.3 million, or $0.49 per diluted share. Non-GAAP net income for the first quarter of 2010 was approximately $21.6 million, or $0.45 per diluted share.

GAAP to Non-GAAP Reconciliation

     The following financial information is presented below using other than U.S. generally accepted accounting principles (“non-GAAP”), and is reconciled to comparable information presented using GAAP. Non-GAAP net income and diluted earnings per share below are derived by adjusting amounts determined in accordance with GAAP for certain items presented in the accompanying selected operating statement data, net of taxes.

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 3

     The Company believes such non-GAAP information is useful and meaningful, and is used by investors to assess its core operations, which consist of the ongoing promotion of racing events at its major motorsports entertainment facilities. Such non-GAAP information identifies and separately displays the equity investment earnings and losses and adjusts for items that are not considered to be reflective of its continuing core operations at its motorsports entertainment facilities. The Company believes that such non-GAAP information improves the comparability of the operating results and provides a better understanding of the performance of its core operations for the periods presented. The Company uses this non-GAAP information to analyze the current performance and trends and make decisions regarding future ongoing operations. This non-GAAP financial information may not be comparable to similarly titled measures used by other entities and should not be considered as an alternative to operating income, net income or diluted earnings per share, which are determined in accordance with GAAP. The presentation of this non-GAAP financial information is not intended to be considered independent of or as a substitute for results prepared in accordance with GAAP. The Company uses both GAAP and non-GAAP information in evaluating and operating the business and as such deemed it important to provide such information to investors.

     The adjustments for 2010 relate to the Hollywood Casino at Kansas Speedway — equity in net loss from equity investment; impairments of certain other long-lived assets; interest rate swap expense; and de-recognition of interest and penalties associated with certain state tax settlements.

     The adjustments for 2011 relate to the Hollywood Casino at Kansas Speedway — equity in net loss from equity investment and impairments of certain other long-lived assets.

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 4

		(In Thousands, Except Per Share Amounts)
		(Unaudited)
		Three Months Ended
		February 28, 2010				February 28, 2011
Net income		$	25,440			$	21,435
Net loss from discontinued operations			47				—
Income from continuing operations			25,487				21,435
Equity in net loss from equity investments, net of tax			642				137
Consolidated income from continuing operations excluding equity in net loss from equity investments			26,129				21,572
Adjustments, net of tax:
Impairment of long-lived assets			134				1,743
Interest rate swap expense			762				—
State tax settlements			(5,419	)			—
Non-GAAP net income		$	21,606			$	23,315
Per share data:
Diluted earnings per share		$	0.53			$	0.45
Net loss from discontinued operations			—				—
Income from continuing operations			0.53				0.45
Equity in net loss from equity investments, net of tax			0.01				0.00
Consolidated income from continuing operations excluding equity in net loss from equity investments			0.54				0.45
Adjustments, net of tax:
Impairment of long-lived assets			0.00				0.04
Interest rate swap expense			0.02				—
State tax settlements			(0.11	)			—
Non-GAAP diluted earnings per share		$	0.45			$	0.49

     From a marketing partnership perspective, ISC has agreements in place for approximately 87.0 percent of its gross marketing partnership revenue target; has announced as sold 15 of 20 available NASCAR Sprint Cup series entitlements and 13 of 16 available Nationwide series event entitlements. This is compared to last year at this time when the Company had approximately 85.0 percent of its gross marketing partnership revenue target and had entitlements for two Sprint Cup and one Nationwide races either open or not announced.

     “We are experiencing increased levels of interest from corporate partners despite the impact the economy continues to have on corporate budgets and sales,” stated Ms. France Kennedy. “We are also beginning to see pricing stabilization on our inventory of assets and remain committed to securing all of our 2011 NASCAR Sprint Cup and Nationwide series event entitlements.”

External Growth and Other Initiatives

     Hollywood Casino at Kansas Speedway

     The initial phase of the Hollywood-themed and branded entertainment destination facility will feature an 82,000 square foot casino with 2,000 slot machines and 52 table games, a 1,253 space parking structure as well as a sports-themed bar, dining and entertainment options. Kansas Entertainment, LLC, the Company’s 50/50 joint

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 5

venture with Penn National Gaming, Inc., anticipates funding the initial phase of the development, which is well underway and on budget, with equity contributions from each partner and potentially third party financing.

     The Company currently estimates that its share of capitalized development costs for the project, excluding its contribution of land, will be approximately $155.0 million. In addition, the Company expects to continue to incur certain other start up and related costs through opening in the first half of 2012, a number of which will be expensed as equity in net loss from equity investments.

     Staten Island

     In connection with ISC’s efforts to sell its 676-acre parcel of property located in Staten Island, New York, on March 29, 2011, the New York State Department of Environmental Conservation (“DEC”) published for public comment a series of documents, including an Engineering Work Plan, which will allow the property to be filled. Following the public comment period, the DEC may approve the Engineering Work Plan, as well as a Modified Order on Consent and other related documents. This step will allow the property to be filled and remaining environmental remediation to be completed, both of which are necessary precursors for commercial development of the property. The Company believes this is an important step in the development of the property and its potential to bring jobs and economic development to Staten Island. Currently the Company does not anticipate filling activities to commence until after it has sold its interest in 380 Development, its wholly owned subsidiary that owns the property.

Capital Spending

     For the three months ended February 28, 2011, ISC spent approximately $11.7 million on capital expenditures, which includes approximately $9.6 million for projects at our existing facilities related to construction of grandstand seating enhancements at Watkins Glen, Kansas and Talladega; designing and engineering of grandstand seating enhancements and repaving at Daytona and Phoenix; and a variety of other improvements and renovations. The remaining balance is associated with additional capitalized spending for the Staten Island property. The Company spent approximately $23.9 million for the three months ended February 28, 2010, which included $10.4 million for projects at its existing facilities. For the remaining $13.5 million of spending, approximately $5.5 million was related to the International Motorsports Center building which was funded from long-term restricted cash. The remaining balance was associated with additional capitalized spending for the Staten Island property and land purchases.

     At February 28, 2011, the Company had approximately $52.9 million in capital projects currently approved for its existing facilities. These projects include completion of track repaving at Phoenix, grandstand seating enhancements and infield improvements at Michigan and Martinsville; grandstand seating enhancements at Watkins Glen; improvements at various facilities for expansion of parking, camping capacity and other uses; and a variety of other improvements and renovations to our facilities that enable us to effectively compete with other sports venues for consumer and corporate spending.

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 6

     As a result of these currently approved projects and anticipated additional approvals in fiscal 2011, the Company expects its total fiscal 2011 capital expenditures at its existing facilities will be approximately $65.0 million to $75.0 million depending on the timing of certain projects. The Company reviews the capital expenditure program periodically and modifies it as required to meet current business needs.

Share Repurchase Program

     During the fiscal 2011 first quarter, the Company purchased 81,988 shares of its Class A stock for approximately $2.4 million, bringing the total number of shares purchased from December 2006 through February 2011 to approximately 5.3 million shares. ISC currently has approximately $26.8 million in remaining capacity on its $250.0 million authorization which it expects to expend ratably through remaining fiscal 2011.

Outlook

     ISC reiterates its 2011 total revenue guidance range of $635.0 million to $650.0 million. In addition, the Company is maintaining its fiscal 2011 full year non-GAAP earnings range of $1.60 to $1.80 per diluted share after-tax. The non-GAAP earnings per share estimates excludes any future loss on impairment of long-lived assets which could be recorded as part of capital improvements resulting in removal of assets not fully depreciated; gain or loss on the sale of its Staten Island property and unanticipated further impairment of the property; and any income statement impact related to the Kansas Casino development.

     In closing, Ms. France Kennedy added, “Through a strict focus on our business plan, we have consistently delivered solid financial results. As the economy strengthens, we have a tremendous opportunity to prosper through improved consumer and corporate spending trends. In addition, we are making strategic investments that will complement our core business. The Hollywood Casino at Kansas Speedway is an innovative way we are building value, as our share of the expected cash flow from this project will be the equivalent to ISC opening another Kansas Speedway-type motorsports facility with a new NASCAR Sprint Cup date included as was the case for the Kansas and Chicagoland Speedways in 2001. Lastly, to further support our stock price, we are returning capital to our shareholders through open-market share repurchases and an annual dividend payment. We are excited about the near and long-term prospects for the Company.”

Conference Call Details

     The management of ISC will host a conference call today with investors at 9:00 a.m. Eastern Time. To participate, dial toll free (888) 694-4641 five to ten minutes prior to the scheduled start time and request to be connected to the ISC earnings call, ID number 54299318. A live Webcast will also be available at that time on the Company’s Web site, www.internationalspeedwaycorporation.com, under the “Investor Relations” section.

     A replay will be available two hours after the end of the call through midnight Tuesday, April 19, 2011. To access, dial toll free (800) 642-1687 and enter the code 54299318, or visit the “Investor Relations” section of the Company’s Web site.

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 7

     International Speedway Corporation is a leading promoter of motorsports activities, currently promoting more than 100 racing events annually as well as numerous other motorsports-related activities. The Company owns and/or operates 13 of the nation’s major motorsports entertainment facilities, including Daytona International Speedway® in Florida (home of the DAYTONA 500®); Talladega Superspeedway® in Alabama; Michigan International Speedway® located outside Detroit; Richmond International Raceway® in Virginia; Auto Club Speedway of Southern California^SM near Los Angeles; Kansas Speedway® in Kansas City, Kansas; Phoenix International Raceway® in Arizona; Chicagoland Speedway® and Route 66 Raceway^SM near Chicago, Illinois; Homestead-Miami Speedway^SM in Florida; Martinsville Speedway® in Virginia; Darlington Raceway® in South Carolina; and Watkins Glen International® in New York. In addition, ISC promotes major motorsports activities in Montreal, Quebec, through its subsidiary, Stock-Car Montreal.

     The Company also owns and operates MRN® Radio, the nation’s largest independent sports radio network and Americrown Service Corporation^SM, a subsidiary that provides catering services, food and beverage concessions, and produces and markets motorsports-related merchandise. For more information, visit the Company’s Web site at www.internationalspeedwaycorporation.com.

     Statements made in this release that express the Company’s or management’s beliefs or expectations and which are not historical facts or which are applied prospectively are forward-looking statements. It is important to note that the Company’s actual results could differ materially from those contained in or implied by such forward-looking statements. The Company’s results could be impacted by risk factors, including, but not limited to, weather surrounding racing events, government regulations, economic conditions, consumer and corporate spending, military actions, air travel and national or local catastrophic events. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in the Company’s SEC filings including, but not limited to, the 10-K and subsequent 10-Qs. Copies of those filings are available from the Company and the SEC. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be needed to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by International Speedway or any other person that the events or circumstances described in such statement are material.

(Tables Follow)

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 8

Consolidated Statements of Operations
(In Thousands, Except Share and Per Share Amounts)

		Three Months Ended
		February 28, 2010				February 28, 2011
		(Unaudited)
REVENUES:
Admissions, net		$	38,537			$	36,080
Motorsports related			98,558				97,992
Food, beverage and merchandise			12,399				12,054
Other			2,532				2,559
			152,026				148,685
EXPENSES:
Direct:
Prize and point fund monies and NASCAR sanction fees			32,875				31,923
Motorsports related			27,747				24,464
Food, beverage and merchandise			8,487				8,759
General and administrative			24,583				22,166
Depreciation and amortization			18,359				19,146
Impairment of long-lived assets			223				2,872
			112,274				109,330
Operating income			39,752				39,355
Interest income			62				26
Interest expense			(4,340	)			(3,842	)
Interest rate swap expense			(1,273	)			—
Equity in net loss from equity investments			(1,075	)			(226	)
Income from continuing operations before income taxes			33,126				35,313
Income taxes			7,639				13,878
Income from continuing operations			25,487				21,435
Loss from discontinued operations, net of tax			(47	)			—
Net income		$	25,440			$	21,435
Basic and diluted earnings per share:
Income from continuing operations		$	0.53			$	0.45
Loss from discontinued operations			—				—
Net income		$	0.53			$	0.45
Basic weighted average shares outstanding			48,422,896				48,032,747
Diluted weighted average shares outstanding			48,423,680				48,038,843

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 9

Consolidated Balance Sheets
(In Thousands, Except Share and Per Share Amounts)

		November 30, 2010				February 28, 2010				February 28, 2011
						(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents		$	84,166			$	132,463			$	102,014
Short-term investments			—				200				—
Receivables, less allowance			33,935				128,107				111,175
Inventories			2,733				3,816				3,538
Income taxes receivable			18,108				—				14,700
Deferred income taxes			4,288				2,340				4,265
Prepaid expenses and other current assets			6,776				13,034				10,833
Total Current Assets			150,006				279,960				246,525
Property and Equipment, net			1,376,751				1,363,929				1,367,395
Other Assets:
Long-term restricted cash and investments			1,002				5,075				1,002
Equity investments			43,689				27,096				43,774
Intangible assets, net			178,609				178,610				178,609
Goodwill			118,791				118,791				118,791
Other			9,901				18,482				10,532
			351,992				348,054				352,708
Total Assets		$	1,878,749			$	1,991,943			$	1,966,628
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Current portion of long-term debt		$	3,216			$	28,402			$	33,224
Accounts payable			15,829				28,297				22,263
Deferred income			49,202				120,308				87,413
Income taxes payable			—				6,114				—
Current tax liabilities			4,492				—				4,559
Other current liabilities			19,000				19,796				19,275
Total Current Liabilities			91,739				202,917				166,734
Long-Term Debt			303,074				318,545				285,936
Deferred Income Taxes			279,641				255,039				289,777
Long-Term Tax Liabilities			2,131				8,231				2,282
Long-Term Deferred Income			11,915				12,792				11,944
Other Long-Term Liabilities			3,072				23,128				3,257
Commitments and Contingencies			—				—				—
Shareholders’ Equity:
Class A Common Stock, $.01 par value, 80,000,000 shares authorized			275				277				275
Class B Common Stock, $.01 par value, 40,000,000 shares authorized			203				205				203
Additional paid-in capital			481,154				488,948				479,131
Retained earnings			712,099				690,714				733,534
Accumulated other comprehensive loss			(6,554	)			(8,853	)			(6,445	)
Total Shareholders’ Equity			1,187,177				1,171,291				1,206,698
Total Liabilities and Shareholders’ Equity		$	1,878,749			$	1,991,943			$	1,966,628

ISC REPORTS FISCAL 2011 FIRST QUARTER RESULTS		PAGE 10

Consolidated Statements of Cash Flows
(In Thousands)

		Year Ended
		February 28, 2010				February 28, 2011
		(Unaudited)
OPERATING ACTIVITIES
Net income		$	25,440			$	21,435
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization			18,359				19,146
Stock-based compensation			461				320
Amortization of financing costs			127				306
Interest rate swap expense			1,273				—
Deferred income taxes			2,205				10,150
Loss from equity investments			1,075				226
Impairment of long-lived assets, non cash			223				2,872
Other, net			(3	)			13
Changes in operating assets and liabilities:
Receivables, net			(86,173	)			(77,240	)
Inventories, prepaid expenses and other assets			(7,154	)			(5,260	)
Accounts payable and other liabilities			765				5,931
Deferred income			56,326				38,240
Income taxes			(545	)			3,635
Net cash provided by operating activities			12,379				19,774
INVESTING ACTIVITIES
Capital expenditures			(23,900	)			(11,699	)
Equity investments and advances to affiliate			(14,123	)			(311	)
Decrease in restricted cash			5,069				—
Proceeds from short-term investments			200				—
Purchases of short-term investments			(200	)			—
Net cash used in investing activities			(32,954	)			(12,010	)
FINANCING ACTIVITIES
Payments under credit facility			—				(52,000	)
Payment of long-term debt			(255	)			(149	)
Proceeds from long-term debt			—				65,000
Deferred financing fees			—				(424	)
Exercise of Class A common stock options			—				51
Reacquisition of previously issued common stock			(5,279	)			(2,394	)
Net cash (used in) provided by financing activities			(5,534	)			10,084
Net (decrease) increase in cash and cash equivalents			(26,109	)			17,848
Cash and cash equivalents at beginning of period			158,572				84,166
Cash and cash equivalents at end of period		$	132,463			$	102,014

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