A report came this week that a pioneering (and in recent times infamous for its slow payments and bad player communications) online sports betting operator in the Caribbean, the World Sports Exchange, has closed.
According to its management, the site has ceased operation due to "inadequate capital resources," and its financial affairs are currently under review.
So far, there are no details whatsoever on how player balances are to be handled – they have only been informed that they will be updated on the company's plans to repay or transfer their account balances.
The company is also known by its founder, Jay Cohen, who was one of the first online betting execs to be prosecuted and imprisoned.
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