| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

News Main Page 
 
 News
 Irish
 European
 International
 Asia-Pacific Business Week
 
 Analysis/Comment

RSS FEED


How to use our RSS feed

 
Web Finfacts

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Search

News : Irish Last Updated: Dec 19th, 2007 - 13:17:15


Irish racing on target for record attendance in 2006
By Finfacts Team
Jul 12, 2006, 12:39

Email this article
 Printer friendly page

Limerick racecourse
Irish racing attendances grew by almost 10,000 in the first six months of 2006, putting the sport on target to exceed the all-time record attendance figure of 1.43 million achieved in 2005.

The half-year figures, released by Horse Racing Ireland (HRI) today, show continuing buoyancy in racing despite the counter-attractions of the World Cup and a run of bad weather which saw over fifteen meetings, principally in May, cancelled. On-course bookmaker betting grew by €3.7 million to almost €82 million while the Tote grew by €0.6 million to €21.4 million. Sponsors continue to respond enthusiastically to racing’s growing popularity, increasing their investment in the sport by 3% to €3.5 million. Prize-money increased by €0.6 million to €24.2 million.

The key performance figures are as follows: -

Total Attendance 559,046 up 9,801 +1.8% *
Total Tote Betting €21.4m up €0.6m +2.8% **
Total Sponsorship €3.6m up €113,150 +3.1%
Total Bookmaker Betting €81.8m up €3.7m +4.7%
(on-course)
Total fixtures (ex NI) 133 down 2 -1.5%
Total no of races 1,021 down 18 -1.7%
Total runners 14,605 down 53 -0.3%
Total Prize money €24.2m up €0.6m +2.6%

* Attendances quoted are up to and including the 2nd July because in 2006 two days of the Derby Festival fell in July, whereas all three days in 2005 were in June

** Tote turnover for 06 includes, for the first time, co-mingling from At The Races (ATR) and the French Tote (PMU) which produced additional revenues of €0.5m.

The highlight performance of the year to date was the Punchestown Festival which grew by 10% to achieve a record attendance of 85,000. Friday the 29th April provided both the biggest crowd of the festival at over 29,000, up 16%, and one of the races of the year with Mac’s Joy beating old rival Brave Inca in the ACC Bank Champion Hurdle. The meeting also provided a reminder of Ireland’s record Cheltenham and Aintree successes with winning displays from Newmill, War Of Attrition, Nicanor and Asian Maze.

Flat racing’s main event The Budweiser Irish Derby Festival, also achieved record attendances for the three days of over 47,000 people. The success of Dylan Thomas gave trainer Aidan O’Brien his fourth Irish Derby victory, complimenting his achievement in winning the English 2000 Guineas and Oaks with George Washington and Alexandrova respectively.

Commenting on the figures, Brian Kavanagh, Chief Executive of Horse Racing Ireland (HRI) said: “The strength of our racing festivals under-pin this good performance in what we always knew would be a very competitive year. The growth of media coverage and expansion of betting platforms, together with a generally competitive sporting environment means that racecourses must work hard to retain existing customers and recruit new ones. Racing is attracting a new audience through marketing campaigns focused on younger people, fashion and families; improved facilities at racecourses and, most of all, through the great achievements of our trainers, jockeys and horses”.

“We have some of Irish racing’s main summer highlights to look forward to, beginning with the Darley Oaks at the Curragh this Sunday, the Killarney Festival, the Ladbrokes Midlands National at Kilbeggan, the incomparable Galway Festival, Tralee, Laytown, the Shelbourne Hotel Goffs Million Day at the Curragh in September as well as Listowel’s Harvest Festival meeting. I am confident that we will continue to grow attendances and enjoy great racing at these and all our other meetings for the rest of the year”.


© Copyright 2007 by Finfacts.com

Top of Page

Irish
Latest Headlines
C&C reports plunge in UK cider sales; Revenue and profit margin to fall 10% in year to February 29, 2008
Shannon Development calls for urgent national launch of high-speed fibre Broadband infrastructure across Ireland
Irish SMEs can reduce costs by adopting Green IT
Irish construction employment fell 5.4% in year to November 2007 - actual job losses were about 15,000
Two Dublin Firms "score major deals" during South Africa Trade Mission
Dublin Airport: DAA to start work on €55m extension to Terminal One
Forfás says Employment in IDA and Enterprise Ireland client firms grew by 1,187 in 2007; Over 18,500 people were employed in research activities across Ireland in 2007
Wyeth Ireland invests €5 million in Dublin and creates 24 jobs
Irish Consumer sentiment fell slightly in December 2007
Aer Lingus begins Belfast-London Heathrow service; Ryanair's Michael O'Leary visits Shannon on last day of Aer Lingus service to London
Martin welcomes over 50 Irish Firms on South African Trade Mission
Irish Construction: December data signalled record falls in activity - housing, civil engineering and commercial sectors
Britvic Ireland to cut 60 jobs in Cork
Irish Live Register increased 2,100 in December; Grew 14,987 in 2007 to 171,800 at end of December
Irish Public Service Benchmarking Body Report: Increases recommended for just 15 of the 109 grades examined
Irish Financial Services Ombudsman says complaints increased 15% in 2007
Nuclear Power in Ireland: Government calls for a debate without a deadline to avoid having to make decision
Irish Industrial Sector had best year in 2007 since 2002
Irish National Employment Rights Authority carries out 14,000 inspections; Recovers €2.5m in arrears for workers; Martin launches "major publicity campaign"
Horizon Technology hit by falling revenue and bad debt provision increase of €0.8 million