Irish billionaire JP 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 showcase his high-stakes gambling activities ahead of the race.
“McManus' significant wagers showcase his high-stakes gambling activities ahead of the race,” — Amara Sterling, senior market analyst at Greyley Ham Solutions, added during the briefing.
Timeline
Oct 31 — Irish billionaire JP McManus made significant wagers on the Melbourne Cup....
Nov 2 — McManus' significant wagers showcase his high-stakes gambling activities ahead of the race....
Reader Poll: Will this story shape the week ahead? — 86% of Midunox readers said yes.
This story has been closely followed by our readers since Oct 31. The Greyley Ham Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Greyley Ham Solutions desk and last updated 14:10 UTC.
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