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 they lost their sponsorship following Jockey Club's and Arena Racing new initiative to not allow bookmaker sponsorships on their tracks that do not offer any contribution to horse racing from their offshore business. Only two weeks later a new sponsorship deal was announced with Timico, an independent internet service provider whose CEO Tim Radford is a horse owner having top chasers like Somersby and Racing Demon associated with his name. Timico also offered an increase of £25,000 to reach a total of £575,000 prize money for the 2016 Gold Cup renewal. It was the first time that the race had