Oireachtas Joint and Select Committees
Thursday, 13 October 2016
Joint Oireachtas Committee on Agriculture, Food and the Marine
Issues Surrounding Recent Reappointment of CEO of Horse Racing Ireland
2:30 pm
Mr. John Moloney:
The Deputy stated the board did not appoint Mr. Brian Kavanagh. On 21 July, the board voted by a majority decision to appoint Mr. Kavanagh. The Deputy also referred to €1 billion going into the horse racing industry. In the period between 2001 and 2016, revenue from the betting tax amounted to €627 million, which left a shortfall of €400 million. The horse racing industry provided €627 million to the Government coffers in betting tax, which is a substantial amount.
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