The Deputy Leader of the ACT Opposition, Tony de Domenico, called yesterday for the ACT Government to outline what procedures the Vanuatu-based VITAB had to ensure that no large Australian punters would use VITAB to bet on Australian races.
Mr de Domenico said there were many unanswered questions about contract between VITAB and the ACTTAB, including the role played by former Prime Minister Bob Hawke, a shareholder in VITAB.
Under the contract ACTTAB has provided to VITAB computer services and access to the TAB super pool of money bet from the ACT, Victoria, South Australia, Western Australia, Tasmania and the Northern Territory in return for a commission of between 1 and 2 per cent of turnover. VITAB will return 85 per cent of takings to the punter as with Australian TABs and a further 1 to 2 per cent to the Vanuatu Government. However, it keeps the balance of 11 to 13 per cent for operating and marketing costs. Australian TABs return the 15 per cent balance to government, the racing industry and operating costs.
Continue reading “1994_03_march_dipper”