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European Bookmakers Lose Millions on Horses Linked to Barney Curley

February 27, 2020

European Bookmakers Lose Millions on Horses Linked to Barney Curley

Iconic gambler Barney Curley has done it once more when a 9000- 1 shot on four horses came through (Image: The Guardian)

There is absolutely nothing quite like the feeling of striking a double that is daily choose six or other big accumulator at the battle track, specially when that final horse comes in to complete your once-in-a-lifetime payday. But while there has been some epic wins over the course of horse racing history, few compare to your story that played out this week in britain as four horses linked to renowned gambler Barney Curley pulled down shocking victories that could have cost bookmakers millions.

Long Odds on Four Horses

The story began on Tuesday night, as odds began showing up for a number of Wednesday’s races. There have been four horses in all, each coming off a long layoff to race at fairly long odds. Horses Eye associated with Tiger and Indus Valley were both 20-1 longshots, while Seven Summits and Low Key had been more fairly priced at 7-1. A $1 accumulator bet on all four horses to win would have earned a bettor around $13,000 at Bet365, if the bets came in at just the right time when all four races were on the board and the odds were as favorable as possible in any case.

Estimates of just how much money had been lost by bookmakers from the four not likely champions varied significantly. One spokesman for Paddy energy said that the hit that is industry-wide have been since great as £15 million ($24.9 million), though others said a more likely figure was at the product range of £2 million ($3.3 million).

Some bookmakers, such as Ladbrokes, avoided the largest losings by only posting odds later in the afternoon, though many bettors acquired in the connected horses also while the chances started to fall.

‘We dodged all the morning hours frenzy, but you can’t stop moving trains and we got caught up in some of it since the day panned out,’ said Ladbrokes mind of customer PR David Williams. ‘Our decision not to ever price the Kempton events up until as late as feasible helped protect us from the worst from it and we truly were not subjected to any of the business that is overnight the majority of the fancy prices were snapped up.’

Unlikely Winner

Bookmakers begun to become suspicious as the odds on all four horses fell in betting morning. The horse had been bet all the way down to an even money favorite despite the fact that he had not run for 481 days, and had failed to win in any of his previous four races by the time Eye of the Tiger ran at Lingfield.

Sure enough, Eye of the Tiger won his competition. When stewards at the track established an inquiry into the winner, they certainly were told that the horse was now being trained by Dan Donovan, and had previously been trained by Curley himself. The horse had evidently been injured several times, but came to the race healthy, with Donovan calling him ‘a genuine horse.’

Soon thereafter, Seven Summits would win their battle at Catterick by a length and a half. At battle time, he had been bet down to a 9-4 favorite, though that was partially because another favorite was scratched through the race. Seven Summits was also previously trained by Curley.

The third horse, Indus Valley, was another Donovan-trained runner who had been rushing for the very first time in nearly two years. A 4-6 favorite by the race, Indus Valley pulled off a win that is tough.

‘He has constantly shown ability but we were lucky the second just turned it in,’ Donovan said.

Finally, Low Key was set to race at Kempton, and had relocated from a 7-1 shot to a favorite that is 7-4. Although his last battle saw him finish 7th of seven horses, Low Key pulled off a win, with trainer John Butler attributing it to the horse being gelded and a significant fall in class in comparison to previous races.

Barney Curley has been a legendary trainer and gambler for years, though he has largely stayed out of the public eye. Curley whom claims he wins has been finding ways to beat bookies since at least the 1970s that he gets more of a thrill out of beating the bookmakers than from the money. An identical success that is four-horse 2010 netted Curley more than £1 million ($1.66 million).

Billionaire Asian Moguls Duke It Out for Bloomberg Richest Rating

Nevertheless #2: Chinese billionaire Lui Che-Woo thought he was ranked first, but Bloomberg took it back (Image: Forbes)

In a realm of uber-wealth with lots of the wealthiest in the world now from Asian countries it takes some serious cash to be the wealthiest of the rich; kind of like being crowned Miss Universe from out of a bevy of stellar beauties. And just like Miss Universe, sometimes the votes get tallied incorrect along with to give back the crown.

That seems to be what’s happened with Lui Che-Woo, founder of casino operator Galaxy Entertainment Group Ltd., who briefly held the title before several news sources corrected it and maintained that past title holder and real property investor Li Ka-Shing continues to be Asia’s richest guy.

Lui’s web worth jumped up by $2.9 billion this year to $23.7 billion; but wealth protagonist Li still beats him out with a $29.5 billion fortune. And that means Li retains the title he is held since April 9, 2012, when he moved past previous richest, Indian billionaire Mukesh Ambani.

The Bloomberg Billionaire Index bases its statistics and measurements on changes within markets, the economy and reporting to update the figures at the end of each business day in New York, using the closing share price to calculate positions on the index and taking inherent family wealth into consideration as well as a daily ranking of the richest people in the world.

The principal source of wide range for the billionaire mogul comes from his 51 percent stake in Galaxy Entertainment Group Ltd., which ranks third in proportions for Asia’s casino operators and saw a 129 percent increase in shares year that is last riding on the waves of this 18.6 percent increase in revenues for Macau, which reached a total of $45.2 billion.

Lui’s casino Galaxy that is biggest Macau has raked in regarding the success of the only area in China where casinos have been legalized. Galaxy Macau is situated in the heavily visited gaming location of Cotai, known popularly as Asia’s variation associated with Las Vegas Strip.

Worldwide Heavy Hitters

Irrespective of Bill Gates perhaps the richest man in the world, whoever net worth rose by $15.5 billion a year ago Lui’s gains of $14.2 billion ended up being only beaten by casino rival and Las Vegas Sands Corp. Chairman Sheldon Adelson, who saw a growth in net worth of $14.4 billion over the very last year, according to the Bloomberg position.

According to analyst that is macau-based Union Gaming Group, Grant Govertsen, the Lui family’s early investment in Cotai is largely to thank due to their current degree of success.

‘ The boom there ramped up the share price wealth and appreciation creation for the Lui household,’ explained the analyst. ‘They’re well positioned for long-term development and they are focused on becoming the dominant player in Macau.’

Although the 2,200-room Galaxy Macau is the biggest casino for the organization considering that the doors exposed last year, Galaxy Entertainment Group Ltd. also has and operates an additional five of Macau’s 35 casinos. All told, Macau reportedly generates around 97 percent regarding the group’s revenue, which is leading Lui and his son, deputy president Lui Yiu Tung, to a $2.6 billion addition to Galaxy set for next year so as to capitalise on the increasing growth of the gambling destination.

Rose from Poverty

The billionaire that is self-made extremely humble beginnings, as he and his family fled the city of Jiangmen in the Guangdong province for Hong Kong when southern China had been occupied by the Japanese. As a teenager, he assisted to aid their household by offering food on the town streets, but later managed to procure construction equipment left behind following the U.S. invasion of Okinawa in Japan.

As Hong Kong had been going right on through a reconstruction growth, Lui managed to import the construction gear and make his first fortune, which was followed by a great many other successful assets property that is including, hotels and casinos.

Re Payments for Undisputed Full Tilt Claims Approved by Feds

U.S. Comprehensive Tilt poker players with undisputed claims should finally be getting their claims any time now (Image:keepcalmomatic.uk)

It’s been a long road for Americans who possess cash sitting in their Full Tilt Poker records. But almost 3 years after the events of Ebony Friday, it appears like the majority of individuals who have expected for his or her money back might be getting their cash in the very not too distant future.

According to John Pappas director that is executive of Poker Players Alliance the Department of Justice has approved more or less 30,000 claims made through the Garden City Group (GCG) for the return of funds from Full Tilt Poker accounts. Which comes after the Department of Justice completed an audit of player petitions that were processed by GCG, and represents about $82 million in funds that would be returned to American players shortly.

Only Undisputed Funds Returned For Now

Those numbers evidently represent only the undisputed Full Tilt Poker claims that are outstanding. These are claims in which players and all other principals agreed upon the amount to be returned to the player. In the full instance of disputed claims, there is nevertheless no timeline free pokies downloads indian dreaming for repayment. Nonetheless, all players with undisputed claims should be getting emails from the GCG in the weeks to come that should include instructions on how to get their money.

That doesn’t mean that the remissions that are entire is likely to get without a hitch. On the side of minor issues, Pappas said that we now have some claims though not a significant number that were filed incorrectly or remain incomplete. Those individuals affected by this problem are anticipated to receive email messages describing exactly how to submit the information that is missing complete their claims.

A larger issue is that of exactly what will happen to affiliates and Comprehensive Tilt Poker-sponsored professional players who are nevertheless owed money. In accordance with Pappas that issue has yet become fixed, but both the Department of Justice plus the GCG are searching to the matter.

It is nevertheless unclear exactly how long it will require for Americans to get their money back, though Pappas seemed positive that the GCG should be able to satisfy their initial March 31, 2014 deadline for many claims.

‘ the claims collected by GCG,’ Pappas stated in a thread on the subject at the twoplustwo.com poker discussion boards. ‘The onus is now on GCG to remit the funds to players. I actually don’t know their payment process and it very well could possibly be days, perhaps not months.’

36 Months Coming

The repayment of American players would end a saga that is three-year which former complete Tilt Poker clients have had their account balances sitting frozen and in a state of limbo. Following the Black Friday indictments of April 15, 2011, Comprehensive Tilt Poker didn’t return balances that are outstanding US players (in contrast to PokerStars, that was in a position to return such funds almost immediately), and sooner or later shut down later that year.

Later, PokerStars would buy complete Tilt Poker included in a deal with the U.S. Department of Justice to be able to settle the claims against both sites. That contract saw PokerStars take regarding the responsibility of repaying Full Tilt members from around the world, but left the payment of Americans towards the Department of Justice. According to some estimates, American-owned accounts held the maximum amount of as $184 million on Full Tilt Poker at the time of the site’s closing.