European Bookmakers Lose Millions on Horses Linked to Barney Curley

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

There’s nothing that can compare with the feeling of hitting a double that is daily choose six or other big accumulator at the race track, specially when that final horse comes in to complete your once-in-a-lifetime payday. But while there has been some epic wins during the period of horse racing history, few compare to your story that played out this week in britain as four horses linked to famous gambler Barney Curley pulled down shocking victories that could have cost bookmakers millions.

Long Odds on Four Horses

The story started on Tuesday evening, as odds began showing up for a number of Wednesday’s events. There have been four horses in all, each coming off a long layoff to race at fairly long odds. Horses Eye of this Tiger and Indus Valley were both longshots that are 20-1 while Seven Summits and Low Key were more reasonably priced at 7-1. in almost any instance, a $1 accumulator bet on all four horses to win might have acquired a bettor around $13,000 at Bet365, if the wagers came in at just the proper time when all four races were on the board while the chances were as favorable as feasible.

Estimates of so how money that is much lost by bookmakers through the four unlikely winners varied significantly. One spokesman for Paddy energy said that the industry-wide hit could happen because great as £15 million ($24.9 million), though others stated a far more likely figure was in the number of £2 million ($3.3 million).

Some bookmakers, such as Ladbrokes, avoided the largest losses by only odds that are posting in your day, though many bettors picked up in the connected horses even while the chances started to fall.

‘We dodged the majority of the morning that is early, but you cannot stop moving trains and we got caught up in some of it since the day panned out,’ said Ladbrokes head of consumer PR David Williams. ‘Our decision not to price the Kempton events up until as late as feasible helped protect us from the worst from it and we undoubtedly weren’t confronted with any of the business that is overnight most of the fancy prices were snapped up.’

Unlikely Winner

Bookmakers begun to become suspicious as the odds on all four horses dropped in morning betting. By the time Eye of the Tiger ran at Lingfield, the horse had been bet all the way down to a straight money favorite despite the fact that he hadn’t run for 481 times, and had failed to win in any of their previous four races.

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

Soon thereafter, Seven Summits would win their competition at Catterick by a length . 5. At race time, he had been bet down to a 9-4 favorite, though that has been partially because another favorite was in fact scratched through the race. Seven Summits was also previously trained by Curley.

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

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

Finally, Low Key was set to race at Kempton, and had relocated from a 7-1 shot to a 7-4 favorite. 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 drop that is significant course compared to previous events.

Barney Curley has been a legendary trainer and gambler for years, though he has largely stayed out of the general public eye. Curley whom says that he gets more of a thrill away from beating the bookmakers than from the money he wins has been finding approaches to beat bookies since at least the 1970s. 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

Still #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 for the rich; sort of like being crowned Miss Universe from out of a bevy of stellar beauties. And simply like Miss Universe, sometimes the votes get tallied incorrect and you have to give back the crown.

That seems to be what is 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 previous title holder and genuine property investor Li Ka-Shing stays Asia’s richest man.

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

As a daily position of the richest people within the world, the Bloomberg Billionaire Index bases its statistics and dimensions on changes within markets, the economy and reporting to update the figures at the end of each working day in ny, utilizing the closing share price to calculate positions in the index and taking inherent family wealth under consideration as well.

The main supply of wealth 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 free slot machine indian dreaming 129 percent increase in shares year that is last riding on the waves of the 18.6 percent rise 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 location that is gaming of, known popularly as Asia’s variation of this Las Vegas Strip.

Internationally Heavy Hitters

In addition to Bill Gates arguably the richest man on the planet, whose net worth rose by $15.5 billion a year ago Lui’s gains of $14.2 billion was just beaten by casino rival and Las Vegas Sands Corp. Chairman Sheldon Adelson, who saw an increase in net worth of $14.4 billion over the last year, in line with 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 because of their current degree of success.

‘ The boom there ramped up the share price wealth and appreciation creation for the Lui family members,’ explained the analyst. ‘They’re well positioned for long-lasting growth and so are focused on becoming the dominant player in Macau.’

Although the 2,200-room Galaxy Macau is the casino that is largest for the business because the doors exposed last year, Galaxy Entertainment Group Ltd. also owns and operates an additional five of Macau’s 35 gambling enterprises. All told, Macau reportedly generates around 97 percent of this 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 the following year so as to capitalise on the increasing development of the gambling destination.

Rose from Poverty

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

As Hong Kong was going through a reconstruction boom, Lui managed to import the construction gear and make their first fortune, which was followed by other successful investments property that is including, accommodations and gambling enterprises.

Re Payments for Undisputed Full Tilt Claims Approved by Feds

U.S. Full Tilt poker players with undisputed claims should finally be getting their claims any moment now (

This has been a long road for Americans who possess cash sitting in their Full Tilt Poker accounts. But almost 36 months after the events of Black Friday, it looks like the majority of those who have asked for their cash back might be getting their cash in the very near 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 reports. That comes after the Department of Justice completed an audit of player petitions that had been processed by GCG, and represents about $82 million in funds that might be returned to American players shortly.

Only Undisputed Funds Returned For Now

Those numbers evidently represent just the undisputed Full Tilt Poker claims which are outstanding. These are claims in which players and all other principals agreed upon the amount become returned to the player. In the case of disputed claims, there is still no timeline for repayment. However, all players with undisputed claims ought to be getting email messages from the GCG in the months to come that should include directions on how to get their money.

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

A larger issue is of exactly what will happen to affiliates and Full Tilt Poker-sponsored professional players who are nevertheless owed cash. Based on Pappas that issue has yet to be resolved, but both the Department of Justice therefore the GCG are looking to the matter.

It is still unclear exactly how long it will require for Americans to get their money right back, though Pappas seemed positive that the GCG will be able to satisfy their initial March 31, 2014 due date for some claims.

‘ the claims collected by GCG,’ Pappas stated in a thread on this issue at the poker forums. ‘The onus is now on GCG to remit the funds to players. I really don’t understand their payment process and it well might be days, perhaps not months.’

Three Years Coming

The repayment of American players would end a three-year saga in which former Full 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, Full Tilt Poker failed to return balances that are outstanding American players (in contrast to PokerStars, that was able to return such funds almost immediately), and eventually shut down later that 12 months.

Later, PokerStars would purchase Comprehensive Tilt Poker as an element of a deal with the U.S. Department of Justice to be able to settle the claims against both sites. That agreement saw PokerStars take regarding the responsibility of repaying Comprehensive Tilt users from around the world, but left the payment of Americans to your 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.