Two decades of super profits not enough
I DON’T know whether to laugh or cry when I hear Tatts claim that it has been treated ”unconscionably” by the Victorian government (”$1bn hinges on one word”, The Age, 17/8). Tatts and Tabcorp raked in billions over the 20 years of the duopoly they held in Victoria. Most of this came from the pockets of vulnerable people, leaving a trail of crime, broken homes and mental illness in its wake.
Further, the killing they made was far more than the government ever expected they would make. A National Competition Policy review in 2000 found that both companies were extracting …Read More