S.I. No. 188/1991 - Greyhound Race Track (Totalisator) (Percentage) Regulations, 1991.

S.I. No. 188 of 1991.

GREYHOUND RACE TRACK (TOTALISATOR) (PERCENTAGE) REGULATIONS, 1991.

Bord na gCon, in exercise of the powers conferred on it by subsection (2) of section 40 of the Greyhound Industry Act, 1958 (No. 12 of 1958), and with the consent of the Minister for Agriculture and Food, hereby makes the following Regulations, that is to say:

(1) The Greyhound Race Track (Totalisator) (Percentage) Regulations, 1984 (No. 24 of 1984) are hereby revoked.

(2) The sums and levies to be collected by the Board for the time being out of moneys staked by means of totalisators maintained by the Board shall be:—

( a ) Eighteen percent in the case of the Win and Place Pools, and

( b ) Nineteen percent in the case of the Forecast and Trio Pools and in the case of Twin Double and Jackpot Pools and all other multiple event pools,

of the net total of moneys so staked after deduction of sums so staked which are repayable by the Board together with any undistributed fractions of one penny remaining after the declaration of totalisator dividends in accordance with totalisator operating regulations made by the Board and for the time being in force.

(3) These Regulations may be cited as the Greyhound Race Track (Totalisator) (Percentage) Regulations, 1991.

(4) These Regulations shall come into operation on the 15th day of July, 1991.

GIVEN under the Seal of Bord na gCon, this 5th day of July, 1991.

KEVIN G. FROST,

Chairman of the Board.

SEÁN M. COLLINS,

An Officer authorised by the Board to authenticate the seal of the Board.

I hereby consent to the above Regulations.

MICHAEL O'KENNEDY,

Minister for Agriculture and Food.

EXPLANATORY NOTE.

The effect of these Regulations is to fix the amount which the Board may retain out of moneys staked on totalisator pools operated by the Board.