Oireachtas Joint and Select Committees

Thursday, 26 November 2015

Public Accounts Committee

Bord na gCon Financial Statements 2014

10:00 am

Ms Geraldine Larkin:

That is the first element of it. Obviously, the retention for the IGB is somewhat less. In addition to that, we have just completed a successful trial involving television product into Irish and UK bookmaker shops. Negotiations on a long-term contract in this regard have also commenced. I hope these negotiations will conclude before the end of this year. Again, this is a real ongoing contract in the industry.

The third area I mentioned was that of co-mingling from bookmakers in the UK and wider Europe. Those development works are ongoing and are part of an international technological upgrade with our various bookmaking partners. That work is scheduled to go live in 2016. The contracts are signed but live betting has not yet started. There is considerable international investment from both our partners and their third parties in building the infrastructure necessary to facilitate that co-mingling.

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