Australia's Tabcorp sinks 83% as spin-off unit Lottery Corp starts trading

Lottery

24/05/2022 02:18

** Shares of Australian gambling firm Tabcorp  TAH.AX  sink
as much as 82.6% to A$0.93
    ** Stock to mark worst session ever, if losses hold 
    ** Shares of The Lottery Corp  TLC.AX , TAH's lotteries
business which was spun off recently, start trading on ASX
 urn:newsml:reuters.com:*:nASX8p6PZz  urn:newsml:reuters.com:*:nL2N2OG0KJ 
    ** Tabcorp stock biggest percentage loser on the benchmark
S&P ASX 200 index  .AXJO , hits lowest level since Jan. 31, 1995
    ** Trading volumes nearly three times the 30-day average,
with about 23.6 mln shares changing hands so far
    ** TAH up 6.4% YTD, as of last close

 (Reporting by Harshita Swaminathan)
 ((Harshita.Swaminathan@thomsonreuters.com))