8th of June 2011 Author: Glo Wood
Company refuses to pay out Curleys' bets
A major row over a horse race has been reported this week, with one of its participants being online and land gambling company Betfred, and the others involving the Gibraltar regulatory authority and the British Horse Racing Association.
Namely, the Gibraltar-based Betfred, has refused to pay out GBP823 000 on bets placed by the Curley family in a GBP4 million coup at Newmarket last May, based on its terms and conditions rule 10, which states: 'Any person or group of persons acting in an attempt to defraud Betfred.com will have their bets voided.'
On the other side, the Curleys' claim has been supported by the BHA, while the Gibraltar Regulatory Authority has conducted an investigation and on May 27, accused Curley of deception, the five involved account holders of fraud, and the BHA of misapplying its own rules.
At the moment, the Curleys' lawyers are applying to the Supreme Court of Gibraltar for a judicial review of the GRA decision, and one of their solicitors, Andrew Montague, specified: 'The investigation by the GRA is flawed and has been conducted from the outset in a biased way and has chosen to ignore the findings of both the BHA and IBAS [Independent Betting Adjudication Service].'
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