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A number of media outlets, mostly from the New York area, have been digging for more information related to the explosive allegations that American Pharoah owner Ahmed Zayat owes over $2 million to offshore sportsbooks.
Reporters for the New York Daily News, New York Times, Observer and Sporting News have all been looking into the matter. Gambling911.com’s Publisher Chris Costigan has been providing each with details provided to him by the normally low key bookmakers.
Gambling911.com can also report that the sportsbooks in question claim Zayat bet sports and horse racing.
“They are all fascinated by what is transpiring,” notes Costigan.
Of special interest to the reporters covering the story is the question as to whether Zayat may not have feared legal repercussions in dealing with offshore bookies who tend to have limited recourse under U.S. law.
Another interesting detail brought up by one of the media outlets, Zayat’s claim that the sportsbooks are looking to capitalize on his current success with American Pharoah winning both the Kentucky Derby and Preakness Stakes. It was not lost on one of the reporters that a lawsuit had previously been filed against Zayat, long before his recent wins.
A website has been created by one or more parties disheartened by American Pharoah’s owner reporting on his alleged misdeeds: AhmedZayat.com.
- Jagajeet Chiba, Gambling911.com
