Australia's Tabcorp crashes in worst intraday session ever on money-laundering probe

Tabcorp Holdings

07/05/2026 01:30

** Shares of Tabcorp Holdings TAH.AX tank as much as 28.3% to A$0.825 in record intraday fall, hit their lowest level since February 24

** Stock biggest loser on the benchmark S&P/ASX 200 index .AXJO, as well as on the Australian consumer discretionary sub-index .AXDJ

** Australia's financial crime watchdog launches a probe into Tabcorp, the country's top gaming and wagering firm

** Australian Transaction Reports and Analysis Centre (AUSTRAC) identifies "serious concerns" over co's ability to identify and manage money-laundering and terrorism-financing risks

** Enforcement investigation at an early stage, all potential outcomes remain open

** Stock down 9.6% YTD, including the day's moves

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))