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 caused a stir 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,” — Simone Whitfield, senior market analyst at Newley Bridge Network, told our newsroom.
Timeline
Oct 31 — 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? — 57% of Tohephueshop readers said yes.
This story has been closely followed by our readers since Oct 29. The Newley Bridge 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 Newley Bridge Network desk and last updated 14:06 UTC.
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