Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”. 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.
He was frustrated that the idea kept resurfacing, even as the company struggled to survive. “It always felt morally bankrupt and against the spirit of the lottery game,” says the manager, who asked to remain anonymous, citing fear of legal action. He says Repcenko introduced him to several lottery courier companies, only one of whom said yes. 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”. But Repcenko categorically denies he played any role in executing the ticket purchase (including any rigging or manipulation of the game). The Houston Chronicle has identified Repcenko as a “point person” who orchestrated the $US95 million lottery deal, based on three sources.
The casino company’s former non-executive directors may have scored a legal victory, but it will be tempered by judge Michael Lee’s brutal judgment. The Federal Court says the casino’s chief executive failed to manage the risk that junket operators were laundering money, but threw out ASIC’s other claims. The long-running vehicle invests much of the billionaire businessman’s fortune, and is run by a family lieutenant Lawrence Myers, who is also being sued. The casino giant had been working on overhauling its borrowing facilities, and will replace a syndicate of lenders that includes Soul Patts and Macquarie. The embattled gaming group has finalised a deal to sell its stake in Queen’s Wharf to Chow Tai Fook and Far East Consortium and manage it for a small fee. Sportsbet, the country’s largest online bookmaker, appears to be shrugging off new regulations, making a ChatGPT for gambling recommendations.
AUSTRAC sues Ladbrokes and Neds owner
Ranogajec ordered his troops to buy as many tickets as they could after receiving a tip from some smaller-time gamblers. About 28 million tickets were sold, roughly 10 times the normal volume. The chief executive who led the company since 2019 will step down upon the completion of a new anti-money-laundering program.
The commission had also approved an unusually large number of terminals to be sent to Lottery.com and its related business, which were not brick-and-mortar stores open to the public. The Fort Worth fishing business that printed the winning ticket later explained to commission investigators how the store had used phones preloaded with QR codes to enter the bets. Rule changes from the mid-2010s onwards violated state law, according to Hall, subverting a game meant to be played by people buying tickets in person at physical stores. Electrician Jerry B. Reed, a regular player of the Texas lottery, won a smaller jackpot directly after the syndicate’s win. Marantelli says about 40 people were squished into the hotel room along with 150 or so boxes of tickets.
But Nettles, watching the jackpot rise, could tell it was more than regular Texans would ever spend. Nettles lives in the suburbs of Dallas and has been playing the Texas lottery since it was founded in 1992. In April 2023, after a record seven months without a prize winner, the jackpot passed $US70 million. One, in a previous life, dated supermodel Miranda Kerr and spent time in a NSW jail for fraud.
- Rule changes from the mid-2010s onwards violated state law, according to Hall, subverting a game meant to be played by people buying tickets in person at physical stores.
- “The Texas Lottery Commission facilitated the play by providing terminals, paper and ink.
- The long-running vehicle invests much of the billionaire businessman’s fortune, and is run by a family lieutenant Lawrence Myers, who is also being sued.
- Draw after draw, week after week, the jackpot rolled over, unclaimed.
“I was involved in the funding of the Texas lottery play,” he says. Then there was the NSW lottery win in the early 90s. “Mate, he’s big time,” one club patron told the Herald at the time. The club, which earned a commission, had ordered staff to place bets for Ranogajec on three Keno machines set up in the high-rollers’ suite. After six days’ work, he took home a $7.5 million jackpot.
‘Schoolboy maths’: How Australian gamblers beat the Texas lottery
Sceptical of the Texas Lottery Commission at the best of times, Nettles was unconvinced by talk of a lottery fever. Draw after draw, week after week, the jackpot rolled over, unclaimed. No one had won the Texas state lottery in a long time. The state’s lieutenant-governor has called the lottery strike “the biggest theft from the people of Texas in the history of Texas”. “I think Texas is the only time we’ve bought almost every ticket,” Marantelli says.
The pair has overlapping gambling interests and serve as directors of the same data analysis company, which employs statisticians to work on horse races and sports matches around the world. Over two weeks, they bought Quick Pick tickets from convenience stores, carrying up to $US20,000 cash in cloth bags. The commission announced online pokies instant withdrawal australia “players are turning out in droves to have the exclusive chance at winning the largest jackpot on the continent”.
Marantelli says he reached out to Ade Repcenko, a gaming entrepreneur who had done business with one of the “lottery courier” companies selling tickets in Texas via an app. “The biggest theft of citizens’ money happened when a foreign syndicate purchased 26 million $US1 tickets,” Lieutenant-Governor Dan Patrick said. 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. Marantelli had struck deals with four retailers across the state to purchase an improbable number of tickets, with staff printing at official state lottery terminals around the clock. It’s been called “the biggest theft” in the history of Texas, but the syndicate says lottery officials helped it win a $US95m jackpot draw. He says the syndicate’s spending, over several draws, increased the overall jackpot on offer by millions of dollars.
In 1994, Ranogajec cashed cheques worth millions to spend on Keno, the pub lottery game, at the North Ryde RSL in Sydney. They moved into other forms of gambling, using more sophisticated mathematics combined with a brute-force approach. Both were good at maths and Ranogajec was already into gambling. Walsh revealed at an investment conference in 2022 that their syndicate, led by Ranogajec, placed about $10 billion in bets each year. The syndicate could still stand a good chance of losing most of that $4 million. He threw a party for some of the store owners at a sports bar, even though he failed to win the draw.
The syndicate chose to forgo the full $US95 million, which would be paid out over 30 years, instead taking a lump sum cash prize of $US57 million, before taxes. At 10.12pm, the live broadcast of the draw began. Each ticket was catalogued and placed in a box. “I arranged for the syndicate to send these guys about $5 million, on my recommendation that we could work with them,” he says.