“It’s an amazing day party with gambling,” Belinda Stronach, chairwoman and CEO of 1/ST, told Observer as she was getting ready for her Pegasus World Cup horse race in Hallandale Beach, Florida.

We were inside the Flamingo Room at Gulfstream Park on Friday, Jan. 26, one day before hall-of-fame trainer Bob Baffert’s National Treasure triumphed in the $3 million Pegasus World Cup. It was also one day before Calvin Harris closed out the party with an early Saturday-evening DJ set. (If you’re on the Spectacle Circuit and have never danced to “We Found Love” at 7:47 p.m. while sparklers from LIV light up a racetrack, what are you even doing with your life?)

The Calvin Harris set was at the Carousel Club, one of the Pegasus areas where drinks flowed freely all day and VIPs used the 1/ST Bet app to wager as they got progressively more tipsy and wandered in and out of the ultra-exclusive Baccarat garden.

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“It’s high energy,” Stronach said of an event whose 2024 edition attracted celebrities including Camila Cabello, Alix Earle and Rick Ross. “It just builds throughout the day. People are gambling. They’re having our curated cocktails. They’re socializing. They’re comparing their........

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