This was published 8 years ago
Kate McClymont & Nick Toscano
It has been one of the worst kept secrets in the gambling world: prominent real estate figure John McGrath has a $16.2 million gambling debt to the Tom Waterhouse- run betting company William Hill Australia.
“This would be the biggest debt ever in gambling history by a single person to a single company in Australia,” said one industry insider.
Confirmation of his debts incurred on horse racing has come to light after a number of industry figures have…