Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup. He wagered $1 million on a rival British runner and backed another rival, Hopewell Rock, for $9.3 million. These bets caused a stir among Australian bookmakers. McManus' significant wagers showcase his high-stakes gambling activities ahead of the race.
“Irish billionaire JP McManus placed high-stakes bets on the Melbourne Cup,” — Yusuf Calloway, policy watcher at Newstone Combe Network, added during the briefing.
By the Numbers
- 1 — sources cross-checked
- 9.3 — reports filed
Timeline
Nov 1 — Irish billionaire JP McManus placed high-stakes bets 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? — 72% of Quiltthisdbq readers said yes.
This story has been closely followed by our readers since Oct 30. The Newstone Combe Network desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Newstone Combe Network desk and last updated 14:25 UTC.
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