Marathon Partners Responds to Dover Motorsports Merger Proposal

Marathon Partners L.P. today announced that it delivered a letter to the Board of Directors of Dover Motorsports, Inc.

in response to the announcement by the Company that the merger agreement between the Company and Dover Downs Gaming & Entertainment, Inc. has been terminated. The letter criticizes the Board for wasting corporate assets on the ill-advised merger and calls for the Company to authorize a nationally recognized investment banking firm to explore all available strategic alternatives to maximize stockholder value, including an open and full auction process. In the letter, Marathon Partners also calls on the Board to immediately appoint two independent directors recommended by the Company's unaffiliated stockholders to the Board. Mario D. Cibelli, managing member, stated, "While we are pleased the Board has come to its senses and terminated the ill-advised merger proposal with Dover Gaming, we are amazed that the Board ever proposed such a misguided transaction in the first place. Simply reaching out to any of the Company's unaffiliated stockholders would have told this Board that the proposed merger would face strong opposition from the Company's unaffiliated stockholders. Instead, the Board moved forward with its plans, wasting untold amounts of stockholder money on financial and legal advisors, until we publicly expressed our opposition to the deal. We call on the Board to provide full and complete accounting to stockholders of all funds spent in furtherance of this folly."