Press Release for Wager Web – The NFL is back, and you know what that means: the sportsbooks are going to be overflowing with matchups on the gridiron. But what a lot of gamblers don’t think of is what it will mean in terms of taxes, and there are a few things you need to know before you start racking up the winnings, either at an online sportsbook or offline. First, you should realize that you have to let the IRS know if you have won any money, as that is taxable. There is a line on your tax report…

SBR – A Unibet Sportsbook manager has informed SBR that the player has now been paid, but his account will remain closed. A Unibet Sportsbook (SBR rating C-) player has claimed that a €868 balance was confiscated. The player indicated in a complaint filed with SBR that his account with Unibet Sportsbook was fully verified. According to the complaint, Unibet accused of breaking section 2.3 of their terms and conditions – a controversial rule. That particular section of the Unibet homepage allows for the sportsbook to confiscate winnings for any reason, at its own discretion, and at all times, invalidate…

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…

NJ.com – A Bayonne (New Jersey) man charged with participating in an illegal sports betting ring and aiding and abetting it pleaded guilty yesterday morning in front of a Newark federal court judge. Kenneth Baran, 50, and 13 other people associated with the Genovese organized crime family were charged last May in connection with an illegal online gambling operation involving a Costa Rica-hosted sports betting site. Donning a black suit with white pinstripes and a white, button-down shirt, Baran admitted participating in the illegal gambling business that operated through a website, Beteagle.com. Asked why he was pleading guilty, Baran told…

Chris Christie was in the news last week because of a radio interview he did regarding New Jersey sports betting, as they’ve made the decision to try and legalize the activity. Sitting in as a special co-host on the Boomer and Carton in the Morning show in New York City, Christie suggested that it was ridiculous that only Nevada is allowed to offer single game sports betting and that the law should be changed to treat all states equally. Not surprisingly Christie disagreed with the lower federal court ruling in March where a judge sided with the sports leagues and…

The Asahi Shimbun – With the sumo world being rocked a few years ago by a bout-throwing scandal, Japanese soccer officials are trying to maintain the clean image of their sport by heading off any attempts by gamblers to fix J.League games or contests involving Japanese referees. In November, three Japanese were chosen to referee the final of an association cup tournament in Thailand on the basis of having been given high marks for fairness. On the night before the match, the three had completed their training session and were in transit between a shopping center and the hotel they…

iGaming Business – The Hong Kong Jockey Club has posted record turnover of HK$94.37 billion (€9.27 billion/$12.16 billion) for the 12 months until June 30 – a 12.3% year-on-year increase. Following confused reports of the club’s financial results by some media outlets, the Hong Kong operator confirmed its figures to iGaming Business. The club said that race betting duty payments grew by 12.1% to HK$11.11 billion, the highest figure for 13 years, although net margin on racing, at HK$4.12 billion, was short of the record of HK$4.50 billion in the 1999-2000 year. Total racecourse attendance of more than two million…

Sun Times – A few years ago, online gambling all but put bookies out of business. But today, in Chicago, bookies are embracing the technology that almost made them extinct. For example: BetChicago312.com is similar to mainstream gambling sites like Sportsbook or Bovada (formerly BoDog), except that placing a bet requires a password and having an existing member vouch for you. ‘‘It’s a tightly knit network with some professionals,’’ says John, an online gambler who asked to have his name withheld in fear of retaliation. John estimates that 600 to 1,000 members gamble through BetChicago312. And with the NFL season…