Republic of Ireland’s proposed regulations could jeopardise horseracing

Lea Hogg October 9, 2023

SiGMA news

Republic of Ireland’s proposed regulations could jeopardise horseracing

Prominent figures within the racing industry in the Republic of Irealnd are sounding alarms over potential regulatory measures that could have detrimental effects on horse racing. The proposed pre-watershed ban on betting advertisements, part of the Government’s Gambling Regulation Bill, has raised concerns about its impact on the sport’s visibility, racetrack revenues and the livelihoods of those involved.

Protecting the sport

Barry Gibson, Chairman of Entain, the owner of Ladbrokes bookmaker, has cautioned against legislation that might inadvertently undermine horse racing, a significant economic driver, especially in rural areas. He advocates for a different approach rather than a sweeping ban, urging the gambling regulator, established by the new law, to define how betting advertising should be managed.

Racing TV, a specialized subscription channel covering Irish racing, has warned that the proposed ban could jeopardize the sport’s broadcast coverage in Ireland. Critics argue that the ban could impact revenues and the employment of 30,000 people, particularly in rural communities, where the sport thrives.

Vital sector is at risk

Operators are saying that the integral relationship between betting and horse racing, highlighting the potential damage that a blanket ban could inflict on both industries. The importance of allowing gambling companies to advertise at racecourses is being flagged, a practice that has long been associated with the sport’s culture.

Calls for more realistic regulation

Opponents of the ban propose exemptions for specialized, subscription-based racing channels, similar to the policies in place in Britain and Australia. Racing TV, for instance, requiring subscribers to be over 18, aligning with the goal of protecting children from gambling marketing.

Leading figures in the industry are proposing that ongoing consultation between Anne Caulfield, the chief executive designate of the Gambling Regulatory Authority, (in photo above), and the industry is essential to ensure a regulatory system that benefits all stakeholders. They believe that the regulator’s role is vital to promote a healthy betting and gaming industry while safeguarding customers.

The proposed Gambling Regulation Bill enjoys broad support from industry players. However, concerns about its unintended consequences on horse racing have ignited discussions about balancing regulation and industry preservation.

As the legislative process unfolds, the horse racing community watches with bated breath, hoping for a regulatory framework that acknowledges the sport’s importance while addressing broader societal concerns about gambling advertising.

A national controversy – no end in sight for Okada Manila