12th of October 2011 Author: Johnny Karp
0Gibraltar's Supreme Court is reconsidering Betfred's GBP 823,272 issue
The payout fight between Gibraltar-licensed online bookie Betfred (recently bought The Tote) and five UK punters it accused of possibly deceitful betting with the Irish trainer and gambler Barney Curley is still ongoing and a sum of GBP 823,272 is being withheld with the support of the licensing authority.
According to the Belfast Telegraph those winnings form part of a multi-million pound sterling coup organized on the 10th of May 2010 by Curley. His associates at the time placed hundreds of accumulated bets on four horses running in four separate modest races. The problem arose when in the UK the winners were paid out by bookies, including Betfred, whereas in Gibraltar, probably advised by Gibraltar Gambling Commission, Betfred's online division withheld winnings, explaining that the five punters were pending an investigation of suspicions that Curley was betting 'by proxy' through his accomplices.
The five punters' legal representatives asked for a judicial review of the decision by the Gibraltar Supreme Court, and many interested parties are eagerly waiting to see the findings which have not been released yet.
The review will certainly refer to an investigation in the UK by the British Horseracing Authority, which apparently found nothing problematic in the Curley coup. What's more, the Independent Betting Arbitration Service directed operators in the UK and in another offshore location, Alderney, to pay out winnings.
That was not along the lines of what Gibraltar regulators thought, stating that investigation had been the only one "meaningful and proportionate'. Surprisingly enough, the regulator afterwards seemed to settle down, agreeing that the funds could be released, which Betfred firmly declined.
To add more excitement, five punters engaged private investigators to look into the affairs of the head regulator, Phill Brear. They claimed Brear met Betfred's lawyers, Hassans, which, the punters claim, support the allegation of confidentiality, and that Brear, being a government official, is not impartial in supporting the gaming operator.
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