Taiwanese and Chinese security forces jointly busted an Internet gambling ring Tuesday, shutting down a betting website that collected as much as NT$100 million (US$3.334 million) through a third-party payment process, according to Taiwan’s Criminal Investigation Bureau (CIB). The website operator sold gambling chips and points that can be used to exchange with those offered by various other Internet gambling websites and even converted into cash, a spokesman for the team said. Through the website, online gamblers could bet on hundreds of games by just printing out payment slips at convenience stores. The online gambling website’s operator is in Taiwan,…

Intralot was selected following a “competitive tender process” through its participation as a major shareholder in Taiwanese joint venture LotRich Information. The contract will commence at the beginning of 2014 and run until the end of 2023. Under the terms of the deal, Intralot will provide all of the necessary software and hardware for the Sport Lottery. This will include the LOTOS Horizon platform, B-On platform and iFlex betting platform – all of which will operate on Intralot’s central system, LOTOS O/S. In addition, Intralot will install 1,200 Photon terminals in point-of-sale sites countrywide and 1,200 LOTOS Horizon Multimedia Controllers…