It has begun to deduct money from applicants' bank accounts. However, it may be as late as 24 June before those charged know what tickets they have been allocated.
Why do it in this manner?
Locog have provided the answer to the Telegraph:
"It is really important..is our ability to nail our revenues from tickets."
As noted before on this site, the Olympics are about money not sport.
Olympic Medals won during the Beijing 2008 Olympics
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