Mr. Andrew Neilan:

The industry is driven by the level of consumer available in Ireland. In the past number of years, this has declined quite dramatically. We have resized our business to cater for that decline. Revenue has dropped by almost 50% and we have cut our costs by an appropriate amount in order to generate a level of surplus. What we find is that once some element of vibrancy returns and because we have very large stadia that are very well set up, we can offer people fantastic value in terms of meals. Last year alone, some 202,000 people partook of meals at our venues. This year, 26,000 people will have their Christmas parties at our venues. I have already alluded to the fact that Limerick has the second highest level of Christmas party bookings to date after Shelbourne Park. We are putting on an extra night's racing at Limerick in order to cater for this. We know people are very attracted to the product of greyhound racing and we are confident that the industry in Ireland will be sustainable into the future. However, a huge opportunity to generate real returns that can be reinvested in the industry here will come through the sale of coverage of our meetings to international broadcasters. UK bookmakers made €243 million in gross gambling yield from greyhound racing. Some 80% of the dogs involved in racing in the UK come from Ireland. Obviously, we would like to attract this income to Ireland and we want to sell our pictures abroad. There is a huge opportunity for us in this regard and we are meeting people from all over the world who want to broadcast those pictures. This is the case as a result of our good name and our international reputation.