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

Gunman in Fatal Vegas Strip Shooting Surrenders

Las Vegas police say the gunman in a fatal shooting on the Strip who barricaded himself inside a public bus has surrendered peacefull

One Dead in Vegas Strip Shooting

A hospital spokeswoman says one person has died in a shooting on the Las Vegas strip.

Fight Over Gambling Led Man to Run Over Wife Four Times

Prosecutors in Massachusetts say a man drove over his ex-wife four times in the driveway of their Quincy home, killing her, after they fought over his alleged gambling last year.

William Hill, Bet365, Other Online Gambling Sites Exit Poland: Where to Still Play

William Hill, Bet365, Other Online Gambling Sites Exit Poland: Where to Still Play

A mass exodus of online bookmakers from Poland was announced this week following the introduction of a 12 percent tax on wagering turnover. 

Online Sportsbook Complaints – Slow Pay, No Pay Warnings and More

Online Sportsbook Complaints – Slow Pay, No Pay Warnings and More

Gambling911.com has your updated Online Sportsbook Complaints.

Syndicate