Post on 17-Dec-2015
Irish RacingKey Headline Figures 2004
305 Fixtures Prize money - €51.5m Sponsorship - €7.1m Attendances - 1,386,517 On-Course Betting €233m Off-course betting €2.26m
Irish RacingKey Headline Figures 2004
6,004 horses in training
10,992 foals born
420 stallions at stud
1,000 New Owners
Horse Racing Ireland -Mission Statement-
To develop and promote Ireland as a world centre of excellence for horse racing and breeding
% Black Type Races 2004
%
0
2
4
6
8
10
12
14
Ireland 11.5%
Germany 5.8%
France 5.7%
Great Britain 5.3 %
USA 2.5%
%
International Classifications 2004
Irish Horses rated in excess of 110
Two year olds 20.4%
Three year olds 14.8%
Four year olds 2.8%
As a % of Flat runners 1.7%
Year Runs Wins Places Prize Money
2003 206 36 76 €3.91m
2004 213 32 71 €4.16m
Overseas Runners in Ireland
Year Runs Wins Places Prize Money
2003 645 54 213 €6.24m
2004 709 61 263 €6.32m
Irish Runners Overseas
Board of Horse Racing Ireland Chairman Government Appointment Turf Club / INHS Committee 5 nominees Persons Employed in the Industry 2 nominees The Industry in Northern Ireland 1 nominee Thoroughbred Breeders 1 nominee Authorised Racecourses 1 nominee Authorised Bookmakers 1 nominee Racehorse Trainers 1 nominee Racehorse Owners 1 nominee
Government Support
“This transformation in the fortunes of Irish Horse Racing has come about through hard work, planning and a unified approach across the industry. With the establishment of Horse Racing Ireland in 2001 the Government had an effective vehicle to utilise the significant resources it was willing to commit, funded largely by the duty on off-course betting.”
Bertie Ahern (Irish Prime Minister) 13th June 2005
Horse Racing IrelandBusiness Structure
Irish Thoroughbred Marketing Ltd
Tote Ireland LtdHRI Racecourses Ltd
HRI Strategic Plan 2002 – 2007Performance Indicators
Annual racecourse attendances to increase by 200,000
Prize money to increase to €60m per annum
Sponsorship to increase by a minimum of 5% per annum
Investment of €100m in racecourse facilities
Funding of Northern Ireland racing to be harmonised
On-Course betting to increase by 50% to €300m
Tote dividend to racing to increase from €2m per annum to €6m
Foal Population by Country 2003
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Foals
Foals 32,235 17,953 10,574 8,670 5,156 4,272
USA Australia Ireland Japan GB France
Foals Born 2001 - 2004
8,500
9,000
9,500
10,000
10,500
11,000
11,500
Foals 9,452 10,214 10,574 10,992
2001 2002 2003 2004
On-Course Betting 2001 - 2004
Bookmakers SP Shop Tote
Total Change
2001 €172m €7m €36m €215m 5%
2002 €162m €7m €39m €208m -3%
2003 €183m €10m €44m €237m 14%
2004 €175m €11m €47m €233m -2%
Off-Course Betting 2001 - 2004
2001 €1,359m 15%
2002 €1,569m 15.5%
2003 €1,921m 22.4%
2004 €2,262m 17.8%
Horses In Training 2001 – 2004
4,500
5,000
5,500
6,000
6,500
HIT 5,108 5,470 5,673 6,004
2001 2002 2003 2004
New Owners Registered 2001 – 2004
600
700
800
900
1000
1100
Owners 786 817 848 1000
2001 2002 2003 2004
All Flat All NH MixedTotal Fixtures
2001 41 92 135 268
2002 49 115 115 279
2003 63 127 113 303
2004 61 136 108 305
Annual Fixtures by Racetype
Total Races 2001 - 2004
1800
1900
2000
2100
2200
2300
No. of Races 1935 1994 2166 2196
2001 2002 2003 2004
Number of Flat/NH Races 2001 - 2004
650
850
1050
1250
1450
Flat Races 782 789 848 844
NH Races 1153 1205 1318 1352
2001 2002 2003 2004
Prize Money Contributions 2001 - 2004
HRI Sponsors Owners Total
2001 23.4m 6.1m 12.7m 42.2m
2002 24.8m 6.5m 14.2m 45.5m
2003 27.6m 7.1m 14.9m 49.6m
2004 29.9m 7.6m 13.9m 51.4m
Major Developments / Challenges in 2004
Renewal of Horse and
Greyhound Racing Fund
Launch of Racecourse Capital
Development Fund
Report by Indecon Economic
Consultants
Satellite TV Channel -
Attheraces
Expanding horse population
Betting Exchanges
Horse and Greyhound Racing FundRenewed September 20042% duty on turnover. Statutory basisLimit on Fund increased to €550mFunding secured until 200880% Horse Racing: 20% Greyhound
RacingGovernment initiated review in JuneExamine merits of Gross Profits Tax basis
Racecourse Capital Development Fund Launched November 2004
€200m Total Investment
Grant aid at 55% for
approved projects
Curragh / Leopardstown to
get grant of up to €35m each
All weather track at Dundalk
grant of up to €10m
Extra income streams for
racecourses
Racecourse Development – Curragh Home of the Classics Aga Khan donation Last Major Development -
1960’s €80m Project New Stand Planning Permission for
Phase 1 sought Relocate Roadway Will Incorporate Hotel
Racecourse Development - Leopardstown
Motorway Development Loss of Sprint Track €80m Project New Stands / Weighroom Development of Golf
Facilities Phase 1 Commenced New Access Roads / Car
park
Racecourse Development - Dundalk
Greyhound stadium opened 2004
€30m investment overall Polytrack surface likely 25 Fixtures: 10 spring
10 autumn 5 Sundays
Legal structure being finalised
Target opening Spring 2007
Indecon Report
Commissioned by ITBA / EBF / HRI
Similar issues to Kentucky – KEEP
Assess economic impact of Industry
Used for Political Lobbying / PR
Independent Assessment
Indecon Key FindingsEmployment in industry 16,500 personsGross contribution of breeding sector - €330m
per annumTax paid annually - €37.5mValue of stallion tax exemption - £3m per
annumThird largest thoroughbred producer in the
worldBloodstock = 4.4% of total agricultural output
Satellite TV Channel
Launched June 11th 2004Deal concludes 2008Minimum 250 daysInteractive BettingSome initial impact on attendances
Expanding Horse Population 25% increase in the number
of foals born between 2000 and 2004
25% increase in the number of horses in training 2000 – 2004
10,860 horses eliminated in 2004
Quality control measures introduced in 2005
Development of All-Weather track at Dundalk
Betting Exchanges
Operating on Irish Racing since 2003
No agreement on financial return
Integrity memorandum of understanding
Some decline in on-course turnover
Joint approach with UK authorities
Who goes racing?
39%
61%
Male
Female
Gender of Race Goers
41 44
14
0
5
10
15
20
25
30
35
40
45
%
Under35
35-64 65+
Age profile of Racegoers
Irish Racing - Changing Market Profile 2003 -2005
Sample: All who went racing in the ‘past year’
Improved male / female balance Significant shift to middle class Decline in working class / farmers share No significant age shift
Gender 2003 2005 Social Class 2003 2005
Male 63% 59% ABC1 36%56%
Female 37% 41% CZPE 45% 34%F 19%
10%
Irish Racing - Changing Market Profile 2003 -2005
Sample: All who went racing in the ‘past year’
Significant shift in demand from East to West / N West of country
Urban / Rural share 50:50
Region 2003 2005 Area 2003 2005Dublin 18% 17% Urban 54% 50%Rest of Leinster 32% 23% Rural 46% 50% Munster 39% 34%Connaught Ulster 11% 26%
Irish Racing - Changing Market Profile 2003 -2005
Sample: All who went racing in the ‘past year’
Attendance Number of people racing has grown by over 11%
Frequency of attendance has declined from 3.86 to
2.99
Those attending ‘one raceday’ grew by 24%
Those attending ten or more racedays declined by
42%