Oireachtas Joint and Select Committees

Thursday, 10 November 2022

Public Accounts Committee

Greyhound Racing Ireland: Financial Statements 2021

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

Greyhound Racing Ireland has supplied some information around turnover, attendance and various other figures. It appears there has been a significant drop-off since 2010. I would like to see the graph going the other way. It is an important sector. The turnover in 2010 was €33 million. Granted, the figures for 2020 and 2021 are not real figures because of Covid but if you look at 2019, turnover was down in the region of €22 million or €23 million. That is a significant drop off in turnover.

I looked at the surplus each year. There was a spike in 2018 but that was due to the sale of Harold's Cross. There was a bump there that managed to stabilise Greyhound Racing Ireland's finances. Regarding the fall in turnover from €33 million in 2010 to €23 million in 2019, what explanation is there for that consistent fall-off in revenue? What happened in those nine years?

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