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…
CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market. The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved…
CONTROVERSIAL US economist Harry Dent has come under fire from embattled real estate mogul John McGrath for his doomsday predictions for the housing market. The McGrath Estate Agents founder slammed Dents forecasts in a column published in Switzer Daily for echoing Australian housing bubble predictions he made in 2014 and 2011, despite them being proved…
The company confirmed on Friday that the companys three remaining directors will resign on February 19, four days after the companys interim results are released.Fairfax Media revealed the Waterhouse-led wagering company William Hill Australia had been extending large lines of credit to Mr McGrath, who bets under a pseudonym and incurs average gambling losses of…
Mr McGraths account at William Hill has been held in the name of John Wilson said one insider who added that the real estate figures last bet was in mid December, 2017, when Mr McGrath deposited $500,000 into his account at William Hill. The half a million dollars was not used to reduce his debt…
Multiple sources familiar with William Hill Australia’s accounts have confirmed the company extends large lines of credit to Mr McGrath, who bets under a pseudonym and incurs average gambling losses of about $10 million a year. Mr McGrath has not settled his debt for some time, they said, leaving William Hill owed $16.2 million on its…
According to ASIC’s MoneySmart site, Australians collectively owe about $33 billion on credit cards and The Victorian Responsible Gambling Foundation figures suggest between 2015 – 2016 Australias electronic gaming machine expenditure reached $12.1 billion. A key indicator youre in over your head with pokies or credit cards is dishonesty. Addicts will go to great lengths…
Shares in embattled estate agent McGrath fell more than 8 per cent on Monday to a new intraday low of 43¢ after Fairfax Media reported founder John McGrath had accumulated a $16 million gambling debt with bookmakers William Hill. Mr McGrath has strenuously denied the story, calling it “ridiculous” but shares still fell sharply after opening…
Its Australian business, whose chief executive is high-profile bookmaker Mr Waterhouse, has been placed under a “strategic review” and is now up for sale. Industry sources confirmed multiple bookmakers had done due diligence on William Hill Australia in recent weeks, and said a deal could be sealed imminently. Unlike many of Australia’s other prominent online bookmakers, who…
By Stephen Gibbs for Daily Mail Australia Published: 17:09 AEDT, 22 February 2018 | Updated: 21:42 AEDT, 22 February 2018 e-mail 24 View comments Sydney’s Star casino lost or destroyed two cheques totaling $7million it was given as security by a high-rolling Chinese gambler. The casino admitted in the New South Wales Supreme Court the…