Mr. Nicky Hartery:

Let me take some of the points the Deputies have made. The betting tax is not high in Ireland. We do a compare and contrast exercise, as would be expected, with Australia, Japan, USA, Britain, France and so forth. The question was asked if there was room for further change and "Yes" is the answer. That can happen over time as we go forward. How it is applied and managed and who manages the margin will be the questions. We will get to all of that.

I refer to the all-weather track and Mr. Kavanagh might wish to talk further about this also. It is not the number one priority in the strategic plan we have. If the Deputy was to ask me what is the number one priority, I would say the equine centre is. It is very high on our list and probably overdue at this point. In making choices, those are the type of choices we would make.

To answer the question on the all-weather track a little differently, if there were five extra race meetings per year one would not build an all-weather track for that. It must be a substantial change. We are very much aware of that. However, the demand for winter racing is becoming greater, particularly flat racing.

Brian Kavanagh can speak about our capital development programme for all the other race tracks and the levels at which we are supporting it.