UPDATE 1-Dover Motorsports, Dover Downs Gaming cancel merger

* Cites opposition from certain stakeholders

* Merger announced late last month

Oct 13 (BestGrowthStock) – Dover Motorsports Inc (DVD.N: ) and Dover
Downs Gaming & Entertainment Inc (DDE.N: ) said they canceled
plans to merge as some stockholders of both the companies
opposed the deal.

Last month, Dover Motorsports, which operates three race
tracks in the United States, entered into a definitive
agreement with casino operator Dover Downs Gaming &
Entertainment, under which stockholders of the race-track
operator were to get 0.501 Dover Downs share for each Dover
Motorsports share.

Shares of Dover Motorsports, which have risen 8 percent
since the companies announced the merger, closed at $1.96,
while those of Dover Downs closed at $3.44 on the New York
Stock Exchange.
(Reporting by Vidya Lakshmi in Bangalore; Editing by Vyas
Mohan)

UPDATE 1-Dover Motorsports, Dover Downs Gaming cancel merger