Oireachtas Joint and Select Committees

Tuesday, 23 February 2021

Public Accounts Committee

Horse Racing Ireland: Financial Statements 2019

10:00 am

Mr. Brian Kavanagh:

There is no direct impact of Brexit on the tote but there has been a huge Brexit impact on the industry in general. The alliance started on 1 January this year and is for a seven-year period. The issue, of course, is that we are in the midst of a Covid situation where there is nobody on racetracks and many betting shops in the UK are closed. There has been a slow start to the alliance because of the nature of the environment in which we are operating.

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