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

There is nothing that can compare with the feeling of striking a daily double, pick six or other big accumulator at the battle track, particularly when that final horse comes in to complete your once-in-a-lifetime payday. But while there were some epic wins during the period of horse racing history, few compare to your story that played out this week in the UK as four horses linked to legendary 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 some of Wednesday’s races. There were four horses in all, each coming down a layoff that is long race at fairly long odds. Horses Eye of this Tiger and Indus Valley had been both longshots that are 20-1 while Seven Summits and Low Key had been more fairly priced at 7-1. in just about any instance, a $1 accumulator bet on all four horses to win would have acquired a bettor around $13,000 at Bet365, in the event that bets came in at simply the proper time when all four races were on the board as well as the odds were as favorable as feasible.

Estimates of exactly how money that is much lost by bookmakers through the four unlikely champions diverse significantly. One spokesman for Paddy Power said that the industry-wide hit could happen since great as £15 million ($24.9 million), though others said a more likely figure was at the range of £2 million ($3.3 million).

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

‘We dodged most of the morning that is early, but you can’t stop moving trains and we got caught up in a number of it due to the fact day panned out,’ said Ladbrokes head of customer PR David Williams. ‘Our choice never to price the Kempton races up until as late as feasible helped protect us from the worst from it and we truly weren’t subjected to any of the business that is overnight all the fancy prices were snapped up.’

Unlikely Winner

Bookmakers started initially to become dubious as the odds on all four horses dropped 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 sufficient, Eye of the Tiger won his race. Whenever stewards at the track launched an inquiry into the champion, 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 many times, but came into the race healthy, with Donovan calling him ‘a genuine horse.’

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

The horse that is third Indus Valley, was another Donovan-trained runner who had been racing 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 next 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 competition 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 past events.

Barney Curley has been a legendary trainer and gambler for years, though he has largely stayed out of the general public eye. Curley who 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 indian dreaming pokie machine 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 right back (Image: Forbes)

In a world of uber-wealth with lots of the wealthiest in the world now from Asian countries it takes some serious cash to be the wealthiest regarding 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 and you have to give the crown back.

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 estate investor Li Ka-Shing stays Asia’s man that is richest.

Lui’s net worth jumped up by $2.9 billion this 12 months to $23.7 billion; but wealth protagonist Li still beats him down with a $29.5 billion fortune. And that means Li retains the title he’s held since April 9, 2012, as 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 size for Asia’s casino operators and saw a 129 percent increase in shares a year ago after 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 on 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 the Las Vegas Strip.

Internationally Heavy Hitters

Regardless of Bill Gates perhaps the richest man on the planet, whose net worth rose by $15.5 billion this past year Lui’s gains of $14.2 billion was only beaten by casino rival and Las Vegas Sands Corp. Chairman Sheldon Adelson, whom saw a rise in net worth of $14.4 billion over the final year, based on the Bloomberg position.

According to analyst that is macau-based Union Gaming Group, Grant Govertsen, the Lui family’s early investment in Cotai is mainly to thank due to their current level 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 therefore are focused on becoming the player that is dominant Macau.’

Although the 2,200-room Galaxy Macau is the casino that is largest for the business considering that the doors opened in 2011, Galaxy Entertainment Group Ltd. also has and operates an additional five of Macau’s 35 gambling enterprises. 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 in order to capitalise on the increasing development of the gambling destination.

Rose from Poverty

The self-made billionaire had 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 helped to guide his household by attempting to sell food on the city streets, but later managed to procure construction equipment put aside following the U.S. invasion of Okinawa in Japan.

As Hong Kong ended up being going right on through a reconstruction boom, Lui handled to import the construction equipment and make his first fortune, which was followed by a number of other successful opportunities property that is including, resorts and casinos.

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 (Image:keepcalmomatic.uk)

It’s been a road that is long Americans who have money sitting in their Full Tilt Poker reports. But nearly 36 months after the events of Ebony Friday, it appears like nearly all anyone who has asked for their money back could be getting their cash into the very future that is near.

According to John Pappas executive director of the 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 records. That 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 may be returned to American players shortly.

Only Undisputed Funds Returned For Now

Those numbers apparently represent just the Full that is undisputed Tilt claims that are outstanding. These are claims in which players and all other principals agreed upon the amount become returned to your player. In the case of disputed claims, there is still no timeline for repayment. Nonetheless, all players with undisputed claims should really be emails that are receiving 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 planning 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 stay incomplete. Those individuals affected by this issue are required to get e-mails describing how to submit the lacking information to 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 remedied, but both the Department of Justice while the GCG searching for in to the matter.

It is still unclear exactly just how long it will require for Americans to get their funds back, though Pappas seemed optimistic that the GCG will be able to fulfill their March that is original 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 understand their payment process and it perfectly could possibly 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. After the Black Friday indictments of April 15, 2011, Comprehensive Tilt Poker neglected to return outstanding balances to US players (in contrast to PokerStars, that has been in a position to return such funds almost immediately), and fundamentally shut down later that year.

Later, PokerStars would buy complete Tilt Poker included in a deal with the U.S. Department of Justice in order to settle the claims against both sites. That contract saw PokerStars take the responsibility on of repaying Full Tilt users from around the planet, 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.

 

 

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