World Sports Exchange, Jay Cohen Image Tarnished

Written by:
C Costigan
Published on:
Mar/18/2010
World Sports Exchange

The once proud World Sports Exchange (WSEX.com), founded in 1996, has fallen on bad times and co-founder Jay Cohen hasn't said much about the matter.

Gambling911.com has reportedly on the situation, which doesn't seem to be getting much better.

A look at Google search reveals that the problem is more extensive than originally believed.  Several searches have been coming into the Gambling911.com website.

WSEX.com mostly dabbles in online sports betting but also offers an Internet poker room.  Cohen can often be found in various posting forums bashing his competitors without disclosing his current interest in World Sports Exchange.  Over the past year and a half, many insiders knew of Cohen's involvement with the company following a two-year stint in jail.  He confirmed reports late last year as part of a CNBC special.

World Sports Exchange attributes the 2 to 3 month payment delays to "processing issues", according to customers, however, the main concern has been a downward spiral in WSEX's once stellar customer service. 

Some players have reported getting payouts through transfers to other online sportsbooks, presumably those Jay Cohen hasn't bashed. 

"The main consistency besides book transfer is everyone does get paid, so this is ultimately the most important, as this is not a stiff book," one poster stated on the SBR Forum.

Cohen in the past has blasted some competitors for making it simple to deposit funds while requiring all types of paperwork (for security reasons) to withdraw funds.

Ironic since one poster at SBR had this to say about the WSEX website:

"(The) deposit page is never down but withdrawal/payout page often is..."

And the problems persist.

"I can't believe nothing has changed at WSEX after all this time. They're either paying withdrawals through deposits, or have made a business decision that they can take as long as they feel like to pay out, and don't need to improve. Neither is a particularly positive scenario for its players."

Christopher Costigan, Gambling911.com Publisher

 

 

Gambling News

Macau Gaming Revenue Rises in Quarter 3

Macau Gaming Revenue Rises in Quarter 3

The Asian gambling Mecca of Macau witnessed a steep rise in revenue during Quarter 3 with revenues of MOP67bn ($6.2bn) from July to September 2017.  This amounted to a rise of nearly 22% on a year-on-year basis

Teacher Accused of Gambling Away Homecoming Fund: $90K on Penny Slots

A high school teacher has been accused of gambling away thousands of dollars from a school fund designated for the annual homecoming dance.

Genovese Mobster Charged Last Year for Illegal Bookmaking Now Indicted on Tax Fraud

Genovese Mobster Charged Last Year for Illegal Bookmaking Now Indicted on Tax Fraud

Genovese Mobster Salvatore DeMeo has bee indicted on tax fraud charges and is accused of cheating the IRS out of $365,000 in taxes.

Clown With Hammer Robs Casino

Clown With Hammer Robs Casino

Manhunt continues for man described as tall, slim and in his late teens to early 20's.

Take the Plunge With a White Label Online Bookie Solution

Take the Plunge With a White Label Online Bookie Solution

Deciding to move your business online is not a choice anymore, it is a necessity to survive in todayís market place.

Syndicate