Irish billionaire backs Melbourne Cup rival to win $9.3 million - News.com.au

Irish billionaire JP McManus makes high-stakes bets on Melbourne Cup

Irish billionaire John Paul McManus made significant wagers 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 highlight his high-stakes gambling activities ahead of the race.

“McManus' significant wagers highlight his high-stakes gambling activities ahead of the race,” — Nadia Ashcombe, economic affairs editor at Greencroft Worth Analytics, noted.

By the Numbers

  • 1 — mentions tracked
  • 9.3 — updates logged

Timeline

Oct 30 — Irish billionaire John Paul 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: Do you expect this story to develop further? — 47% of Findingsmarket readers said yes.

This story has been closely followed by our readers since Oct 31. The Greencroft Worth Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Thursday, Nov 5.

ICYMI: Who is Thea's father on Emmerdale?

Editor's note: this report was prepared by the Greencroft Worth Analytics desk and last updated 14:43 UTC.

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