This was published 8 years ago
Kate McClymont & Nick Toscano
Shares in listed real estate giant McGrath Limited fell sharply on Monday following revelations of John McGrath’s multi-million-dollar online gambling debt.
Fairfax Media revealed on the weekend that Mr McGrath, the company’s founder and soon-to-be executive chairman, has a $16 million debt to William Hill Australia, the online betting business led by prominent bookmaker Tom Waterhouse.
On Monday morning shares…