American Pharoah owner denies more than $1 million online gambling debt
May 21st 2015, American Pharoah was participating in races where he won six out of seven and was preparing for the third leg of the Triple Crown, having won the first two; however his owner, Ahmed Zayat, who made his fortune by selling beer in Egypt and is noted as being one of the most successful owners in thoroughbred racing is now responding to a year-old federal lawsuit filed against him by convicted bookie Howard Rubinsky.
Rubinsky claims that Zayat has not paid about $2 million debt which he says was accumulated whilst betting on an offshore online casino website in Costa Rica.
The lawsuit against Zayat was filed in 2014 at the US District Court, in New Jersey by Rubinsky who is 58. In 2008, Rubinsky pled guilty for his involvement in an illegal bookmaking operation w…