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WSEX Finally Closes
Monday April 22, 2013 : WSEX CLOSES ITS VIRTUAL DOORS (Update)
Lack of financial resources cited
Online sports book World Sports Exchange shut down its operation this week citing inadequate financial resources as the reason why.
Our readers will recall the abrupt closure of WSEX's World Poker Exchange subsidiary in February this year.
In a similar notification to the closure of its poker subsidiary, WSEX posted a brief communication on its WSEX.com website reading:
"We have been forced to halt business activities at this time due to inadequate capitol resources. The financial position of the company is currently under review and we will keep you informed as to the future plans for WSEX and the repayment or transfer of your balances. We sincerely apologize for this unfortunate situation and will be doing everything we can to rectify it as soon as possible."
As reported previously, major player information boards have carried alarming stories for some time relating to slow payments, questionable decisions and refusals to cooperate with mediators on the part of WSEX.
At the time of the closure of WSEX's World Poker Exchange the respected Sports Book Review (SBR) claimed that WSEX owed players in excess of $700,000, and that player complaints against it were mounting.
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Amaya FY2016 Trading Update -
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Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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