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 books.
Mr McGrath, 54, has previously denied having any gambling debt when questioned.
He sent a message to his staff on the weekend, claiming that Fairfax Media’s report was “rubbish”.
“I’m sorry that I have been targeted,” he said in the memo, “but I am more concerned about you guys than about me.
“This rubbish will not distract me and should not distract us … I have developed the belief that every…
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