Mr. Adrian Neilan:

Mr. Murnane will speak about the going concern issue. In general terms, we are very dependent on the horse and greyhound fund. We should put that fund in context. A piece of legislation has been established to ensure that the people who benefit from wagers on sport - the bookmakers - put something back into sport. My counterpart in Australia has 45 million Australian dollars every year with what is effectively the same structure. There is surely an opportunity for everybody to benefit from a better structure that puts more money back into the sport. As the chairman outlined, there are 10,000 jobs in the industry based in the rural areas. People have spoken about technology jobs but there are many people in the countryside who are dependent on the horse and greyhound industries. As a funding structure, it functions when people place a bet at a bookmaker shop and the money is put back into the industry. It ensures integrity measures are in place. We would like to see the levy extended to online and telephone channels, as planned, and we should look to increase its intake. Looking across the world at our counterparts in the UK and Australia, it is a fundamental model of how industries are funded. As a value-for-money proposition, this provides a phenomenal return for the Exchequer.