PHOTO: A tumultuous start to the year: Real estate identity John McGrath. Photo: AFR
Questions surrounding real-estate identity John McGrath’s online gambling debts should be quickly resolved, a significant investor has said, so the company can hold focus on “turning the business around”.
Fairfax Media revealed on the weekend that Mr McGrath has a $16 million gambling debt to a betting company run by bookmaker Tom Waterhouse, prompting shares in the market-listed McGrath Limited to fall sharply.
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