HRI release 6-month figures Horse Racing Ireland have released key indicator figures for the first six months of 2009. As expected all figures are well down compared to the previous year: Prizemoney down 14%; average attendance down 14%; total attendance down 17%; Tote betting down 17%; Bookmaker betting on-course down 22%. These figures are obviously distressing for all with a passion for the sport, but they merely reflect the trend across the economy as a whole and there is certainly cause for some optimism arising from the following statement from HRI chief executive Brian Kavanagh: “The first six months have not surprisingly proved to be very challenging, with Irish racing not immune from the effects of the economic slowdown. All our figures are down, but we must see them in context. Racing is coming from a very high bar, having achieved record figures in recent times, and 2008 saw a contraction in the Irish horse racing industry for the first time in more than fifteen years. With rising unemployment and continuing weak consumer confidence in so many markets, it is understandable that attendances at events, including race meetings are going to be affected. Racing will have to rise to the challenge and offer better value for our customers, with competitive pricing, increased offers and more incentives to reward our loyal racegoers”.
