Irish billionaire JP McManus made significant wagers on the Melbourne Cup. He wagered $1 million 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 wagered $1 million on a rival British runner and supported a different rival, Hopewell Rock, for $9.3 million,” — Nadia Ashcombe, senior market analyst at Birley Dale Partnership, added during the briefing.
By the Numbers
- 1 — reports filed
- 9.3 — mentions tracked
Timeline
Nov 2 — Irish billionaire JP McManus made significant wagers 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? — 48% of Ultimateperformance readers said yes.
This story has been closely followed by our readers since Oct 30. The Birley Dale Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 8.
Editor's note: this report was prepared by the Birley Dale Partnership desk and last updated 16:02 UTC.
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