Betfred.com decided to void bets placed by five punters, four of whom were related to Mr Curley, which showed profits of more than £823,000. Its decision, which attracted criticism from rival bookmaker William Hill, followed an intervention by the Gibraltar Regulatory Authority but was in contrast to Betfred's UK business, which paid out on accumulator wagers placed through its betting shops. Mr Curley, who has a reputation for outwitting bookies, pulled off an ambitious gamble on four horses in May 2010, which almost triggered a payout of £20m but still resulted in a £4m windfall. In a statement on Monday, the Gibraltar Gambling Commissioner, who was investigating the affair, said the matter was now at a close. "Following conclusion of the investigation the operators have paid the bets as for them this was never a dispute about money," the statement read, adding that the operators had acted appropriately "at all times".
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