Tabcorp Shares Bounce, But One High-Stakes Tote Deal Could Decide What Comes Next
Tabcorp shares closed at A$0.685 Tuesday, up 1.5%, but remain down about 40% since AUSTRAC launched an enforcement probe on May 7. CEO Gillon McLachlan is in talks with Racing NSW for a national tote deal, with further approvals pending. The AUSTRAC investigation triggered a sharp sell-off, erasing over A$700 million in market value.
