Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup. He bet a million dollars on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million. These bets created a commotion among Australian bookmakers. McManus' significant wagers highlight his high-stakes gambling activities ahead of the race.
“He bet a million dollars on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million,” — Marcus Brennan, policy watcher at Fenwell Dale Solutions, added during the briefing.
Timeline
Oct 30 — Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup....
Nov 2 — McManus' significant wagers highlight his high-stakes gambling activities ahead of the race....
Reader Poll: Will this story shape the week ahead? — 73% of Glarex readers said yes.
This story has been closely followed by our readers since Oct 29. The Fenwell Dale Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Fenwell Dale Solutions desk and last updated 14:29 UTC.
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