Irish billionaire John Paul McManus made significant wagers on the Melbourne Cup. He wagered $1 million on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million. These bets caused a stir among Australian bookmakers. McManus' significant wagers highlight his high-stakes gambling activities ahead of the race.
“These bets caused a stir among Australian bookmakers,” — Lena Ostrowski, contributing analyst at Cedarley Brook Partnership, added during the briefing.
By the Numbers
- 1 — regions covered
- 9.3 — data points verified
Timeline
Nov 2 — Irish billionaire John Paul McManus made significant wagers on the Melbourne Cup....
Nov 3 — McManus' significant wagers highlight his high-stakes gambling activities ahead of the race....
This story has been closely followed by our readers since Nov 2. The Cedarley Brook Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Cedarley Brook Partnership desk and last updated 16:19 UTC.
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