Horse racing in Ireland industry go from strength to strength. The Irish horse racing industry is today worth €1 billion per annum, employs over 14,000 people, and is a major player on the international scene. In Ireland, the Flat racing season runs from mid-March to mid-November, and comprises races started from stalls, run over 5 to 20 furlongs. These races are held at 23 racecourses, of which 3 run only Flat. National Hunt racing, or Jump racing, is run year-round in Ireland, but the main season takes place from November until the end of April, coinciding with the lull of the flat racing season.
Cheltenham Gold Cup race was covered by Pathe News. A prize of £685 was awarded to the owner of the winning horse. The event originally took place on what is now the "Old Course" at Cheltenham. In its early years it was overshadowed at the Festival by another race, the National Hunt Chase and was worth less in prize money than the County Handicap Hurdle which had a purse of £1,000. The Gold Cup was abandoned in 1931 (because of frost) and 1937 (flooding), but the five intervening years saw the emergence of the most successful horse in the event's history. All five