Paddy Power bets on Cheltenham bonanza

Bookmaker Paddy Power is expecting the 2005 Cheltenham horseracing festival to generate turnover of more than €30 million, an increase of 30 per cent on last year.

The Irish bookmaker will benefit from an additional day of racing at this year's festival, which runs over four days from March 15 to 18. The annual Cheltenham festival is the National Hunt calendar showpiece.

The turnover generated for Paddy Power by the Cheltenham festival has ...