Dover Downs Gaming & Entertainment, Inc. and Dover Motorsports, Inc. to Merge

Dover Downs Gaming & Entertainment, Inc.

and Dover Motorsports, Inc.

announced today that they have entered into a definitive agreement to combine their businesses through a merger under which Motorsports stockholders will receive .501 shares of common stock of Gaming for each share of common stock or class A common stock of Motorsports. Motorsports will be merged with a new subsidiary of Gaming, will continue its existence as an operating subsidiary of Gaming and will delist its common stock from the New York Stock Exchange. The common stock of Gaming would continue to be listed and trade on the New York Stock Exchange.