How Australian gamblers took down the Texas lottery for $US95 million

Our people-first AI is powered by the largest collection of HR and workforce insights in the world. Oyster growing areas on the Yorke Peninsula are ordered to close due to the detection of a toxic phytoplankton for the second time this year. It’s Friday, and that means it’s time to test your news knowledge from the past seven days. The billionaire Mathieson family and its business partners at American casino giant Bally’s converted loans into shares, leaving them in a dominant position. Bernard Marantelli has for the past few decades outsmarted many in the wagering industry, including US authorities after he won a $95 million lottery jackpot. The Albanese government’s planned new restrictions mean people could opt out of gambling ads on their favourite podcasts or platforms like YouTube and Spotify.

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The British bookmaker behind Ladbrokes and Neds allegedly allowed more than a dozen high-risk customers to funnel money through its accounts despite the risks. Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”. The London-listed giant operates the Ladbrokes and Neds brands in Australia, but has been considering exiting the country as it struggles with weak spending. The body that runs the Matildas and Socceroos wants a bigger cut of money made from punters. The British bookmaker said about 120 positions in Australia and New Zealand would go as it tries to reset the business after a change of management. This has been corrected to say the company’s chairman.

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The Texas Lottery Commission had signed off on its licence renewal and approved 10 new terminals to be sent to the business. The licence to sell lottery tickets in Texas lapsed. The company also overstated its revenue by $US52 million. He was frustrated that the idea kept resurfacing, even as the company struggled to survive. In his eyes, the company was meant to focus on everyday lottery customers, not “rich jackasses trying to game the system, doing Hail Mary events once in a blue moon”. At one retailer, a fishing tourism business in the suburbs of Fort Worth, two ticket terminals sat out the front amid the lures, souvenirs and beer coolers.

People started clamouring for the right box and rifled through it looking for the right envelope, which held 1000 tickets. Marantelli says about 40 people were squished into the hotel room along with 150 or so boxes of tickets. The lottery allowed players to buy up to 10 tickets at a time using a QR code, rather than having to enter each number sequence manually. “I arranged for the syndicate to send these guys about $5 million, on my recommendation that we could work with them,” he says.

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The total valuation of Australia’s 100 richest people aged 40 and under is diminished in 2022, but you still need $35 million to get on the list. The WA racing industry wants a bookmaker to run its state-owned wagering operations but attempts to secure a deal have hit a major roadblock. The ASX-listed wagering group will upgrade its betting terminals and broadcast displays across the Laundy Hotels portfolio, but lock its rival out.

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  • Visit the Crown Rewards Desk located on Level 2 to become a member today or you can start the process before your arrival through the Crown Resorts App.
  • Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”.
  • Marantelli says he didn’t know of Repcenko’s criminal record before the Texas job “because at the time I didn’t even know his old original name”.
  • The company had already been heavily sold off over the year, with Trump administration trade policies increasing the cost of its products and hurting sales.

In a crowded hotel room not far from Austin, Bernard Marantelli and his team watched a live-stream of the Texas lottery draw. Built for people who wear many hats. Match the right people to the right shifts by understanding your workforce. Make informed decisions that keep your people engaged. It takes the complexity out of decision-making and turns insights into actions — helping people focus on work that’s uniquely human.

The $US95 million ($141 million) jackpot was theirs to lose. His team had bought more than 25 million tickets, which now filled the cardboard boxes stacked high against the hotel room wall. It was just after 10pm on a Saturday, April 22, 2023, and the room was so packed that people could barely move, Marantelli remembers.

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