Irish billionaire John Paul McManus made significant wagers 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.
“Irish billionaire John Paul McManus made significant wagers on the Melbourne Cup,” — Priya Delgado, policy watcher at Oakcroft Ton Analytics, told our newsroom.
Timeline
Nov 1 — Irish billionaire John Paul McManus made significant wagers on the Melbourne Cup....
Nov 1 — McManus' significant wagers highlight his high-stakes gambling activities ahead of the race....
Reader Poll: Will this story shape the week ahead? — 75% of Spanien-inside readers said yes.
This story has been closely followed by our readers since Oct 30. The Oakcroft Ton Analytics desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Thursday, Nov 5.
ICYMI: Tax return deadline looms
Editor's note: this report was prepared by the Oakcroft Ton Analytics desk and last updated 14:01 UTC.
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