Tattersalls Ireland has suspended Bidpoint, it's online bidding portal for Point to Point horses that was launched last February, for the upcoming season. Tattersalls Ireland Director of Horses in Training, Richard Pugh, said, “We were satisfied with Bidpoint at the early stages. However, a number of factors have contributed to this difficult decision. Bidpoint seemed to appeal to the UK Point to Point fraternity from the outset but, as we know, the Irish Point to Point vendor has found this a challenging market with new rules in the UK restricting much of the trade in this area. It is a restriction which is affecting a section of the industry across all platforms, but it probably had the greatest impact on Bidpoint. We have also acquired a large new sales portfolio with 15 new dates under the banner of Tattersalls Ireland at Ascot and Cheltenham, and these venues are proving extremely popular for Irish Point to Point vendors. They require notable resources as we build our brand at both of these venues, which performed extremely well in our first year.”
Pugh added, “We have learned a lot about market demand for this type of platform over the last eighteen months or so and look forward to applying this in other spheres moving forward.”
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