The following is a chronology of the Vitab affair:
1964: ACTTAB set up as a separate entity to take off-course bets on horse races. It runs a totalisator scheme: bets on a race are totalled and dividends calculated so 85 per cent of takings are returned as winnings. The remaining 15 per cent to go to administration, government and the racing industry.
July 2, 1985: Northern Territory TAB starts. ACTTAB runs computer services and pooling operations, collecting 0.5 per cent of turnover.
Continue reading “1994_08_august_vitabchr”