Ms Suzanne Eade:

Horse racing, as a gambling product, is a mature product. We do not face some of the issues that might be seen with, say, casino gambling and that drive some of the very dangerous behaviour. Nevertheless, we are conscious of our role and of what that advertising means. At the moment, there is not a direct link between the tax and what we receive in our funding. I think we would receive funding in any event to keep the industry going, so I-----