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…
Mr McGrath, 54, has denied having any gambling debt. Mr Smollen said Mr McGrath enjoyed horse racing, but he had no knowledge of whether Mr McGrath was gambling. “I’m aware that race horses have been a hobby and a passion of John’s for some time, and I’ve never viewed that as an unhealthy thing, but…
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…
The alleged plight of real estate guru John McGrath calls to minds an anecdote, probably apocryphal, from the late Lord Lucan. Do you gamble? Lord Lucan asked a friend. Illustration: John Shakespeare She replied that, like most people, she enjoyed the odd flutter on the horses. Gambling is when you bet something you cannot afford…
China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy of a strategic southern province. Government agencies under a party reform group headed by President Xi Jinping are considering allowing…
HAIKOU China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy of a strategic southern province. Government agencies under a party reform group headed by President Xi Jinping are considering…
Rungroj Boonprakob, 48, a municipal health official, is taken for a re-enactment of the robbery of a Krungthai Bank branch in Bang Pakong district on Saturday following his arrest on Friday. (Photo by Sonthanaporn Inchan) CHACHOENGSAO: Police say the director of a municipal health office in Bang Pakong district has admitted robbing a Krungthai Bank…
HAIKOU (WASHINGTON POST) – China is drafting a proposal to allow gambling on Hainan Island, people familiar with the talks said, in what would be an unprecedented move that could reshape gaming in China’s territories and transform the economy of a strategic southern province. Government agencies under a party reform group headed by President Xi…
PARAMUS, N.J. (CBSNewYork) One Bronx native has a warning for football fans who may try to wipe out their gambling debt on Super Bowl Sunday. Frank began betting as a 10-year-old boy. Thirty years later with a wife, two kids and a house in the suburbs he was down $100,000 for the 1998 NFL season.…
For over 50 years a family little-known in Sydney society has controlled legal gambling in Tasmania. All of it. Every single gaming machine in the state is theirs. The Keno is theirs. They own one of the two casinos and a controlling stake in the other. By one calculation, 70¢ of every dollar lost by…