Oireachtas Joint and Select Committees

Tuesday, 19 November 2019

Joint Oireachtas Committee on Agriculture, Food and the Marine

Operational Matters and Corporate Plans of Horse Racing Ireland: Discussion

Mr. Brian Kavanagh:

They have done it in the past, and after a while they concluded that the cost of guaranteeing it was not recovered by the extra business that was generated. There may be some value in looking to join with some other international Totes to create an international Tote bet, which would have the breadth of support that would justify guaranteeing it. If one said one was going to guarantee the Tote pick six at Fairyhouse today for €20,000 or whatever, one would not get €20,000 worth of business.