ASX:TAH

ASX:TAH·Business News·Finance·Investment·News

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.

May 20, 2026

Investing $5,000 Yearly in ASX Shares: Can It Build Wealth?
May 28, 2026, 4:53 PM EDT. Investing $5,000 annually into ASX shares with an average 9% return, while not guaranteed, can grow significantly due to compounding - where earnings generate their own earnings. After 20 years, such investments could reach around $280,000, and after 30 years, approximately $740,000. At 34 years, the portfolio might surpass $1 million without increasing the annual contribution. Experts recommend a diversified approach, such as using ASX ETFs like Vanguard's MSCI Index International Shares ETF (ASX: VGS), combined with select quality stocks. The key is discipline, patience, and allowing time to harness compounding effects across market cycles.