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Australian Punter Accused of Defaulting on Debts

31 August 2005

AUSTRALIA – As reported by the Sydney Morning Herald: "Embattled punter and thoroughbred owner Mark Peters faces the prospect of being warned off racetracks around the world.

"Leading Sydney bookmaker Harry Barrett yesterday lodged an official letter with Racing NSW asking the ruling body to declare Peters, a principal of the Written Bloodstock syndicate, a defaulter for failing to pay gambling debts.

"'Under the Australian rules of racing the ruling authority can warn a person off if it can be proven he or she hasn't honoured their debts,' Racing NSW chief executive Peter V'Landys said yesterday.

"…Peters is also being pursued in court by bookmaker Con Kafataris, who alleges the punting owner owes him about $1 million…"

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