McGrath real estate sinks 8.5 per cent after gambling debt revealed – The Sydney Morning Herald

Shares in listed real estate company McGrath Limited have fallen sharply on Monday. Fairfax Media revealed on the weekend that the company’s multi-millionaire founder and soon-to-be executive chairman John McGrath has a $16 million debt to gambling company William Hill Australia. Real estate identity John McGrath Photo: Daniel Munoz On Monday morning shares in McGrath fell…