Someone please explain the Matchbook / WSEX thing

[Shonner]

My info is from a couple of months ago...if there has been a change, I havent heard about it. WSEX does indeed own a large chunck of Matchbook period. They have tried to sell to every big book in Costa Rica. The other owners and managing partners in Matchbook have been able to so far seperate the post up division.

Thanks, John.

Many people consider WSEX on the brink of failure. Considering they own Matchbook, shouldn't this be a major concern?

Also, why can't they sell Matchbook? It seems like a solid operation.

[marriedtothegame]

matchbook was sold already.

[SPECULATOR 13]

WSEX does indeed own a large chunck of Matchbook period. They have tried to sell to every big book in Costa Rica. The other owners and managing partners in Matchbook have been able to so far seperate the post up division.

I am surprise to hear this john because BLAKIE of rebatewager fame as been trying to start a exchange for the rebatewager group all summer long remember?
Do you know why they haven't make a move on MATCHBOOK?

I have more money in matchbook than any other book

Increasedodds,

there is one thing i have always wondered about MATCHBOOK and how long it would take for them to pay those 25k to 50k+ a game high rollers?
unless i am mistaken i red on their website that they only send 3k a day maximum with their checks.Let say for argument sake that you have a 500k(or more) balance at the end of the NFL season,with them sending you 3k a day it would take around 6 mths to get paid,right?how is that good?can you imagine going to the bank every day or even every week,let alone every month with either 1 or 7 or 30 checks depending of the situation to the bank?
The beauty of PINNACLES,BOOKMAKER and The Greek or even these betfair assholes is even if they wouldn't give you all of your balance right away within a week at the most all your money would be in your pocket.MATCHBOOK as allot to answer too.

[Shonner]

I am surprise to hear this john because BLAKIE of rebatewager fame as been trying to start a exchange for the rebatewager group all summer long remember?
Do you know why they haven't make a move on MATCHBOOK?

key is he said every big book, rebate wager isn't a big book

[Shonner]

matchbook was sold already.

John, is this true?

[SPECULATOR 13]

key is he said every big book, rebate wager isn't a big book

I didn't know that,btw excellent thread

[Shonner]

I didn't know that,btw excellent thread

then why did you bring it up if you knew it wasn't a big book?? excellent thread - asking why a SMALL book didn't buy matchbook after john said they were shopping to big books. either way, your post doesn't add up.

[SBR_John]

What I know for sure is the largest bookmakers in Costa Rica signed non disclosure agreements with WSEX to buy their share of Matchbook. After seeing the debt level and hearing the asking price none were interested. This was several months ago. If they have sold since I have not heard.

Players at Matchbook should understand that in our opinion Matchbook is far more stable than WSEX. While Matchbook has a lot of debt it does not appear they are under pressure to settle and more importantly this is not the type of debt that will freeze up the operation. It gets complicated but we feel that Matchbook's retail business is separate from their credit business. So there is risk that the debt they ran up or complications with WSEX could unravel Matchbook but with the knowledge that we have we think the risk is low.

[LordVodka]

You can play with credit at Matchbook?

That's reserved for big bettors right?

[Shonner]

What I know for sure is the largest bookmakers in Costa Rica signed non disclosure agreements with WSEX to buy their share of Matchbook. After seeing the debt level and hearing the asking price none were interested. This was several months ago. If they have sold since I have not heard.

Players at Matchbook should understand that in our opinion Matchbook is far more stable than WSEX. While Matchbook has a lot of debt it does not appear they are under pressure to settle and more importantly this is not the type of debt that will freeze up the operation. It gets complicated but we feel that Matchbook's retail business is separate from their credit business. So there is risk that the debt they ran up or complications with WSEX could unravel Matchbook but with the knowledge that we have we think the risk is low.

very helpful info, thank you

[chance]

Ditto. Thank SBR john for sharing what you know and believe.

[SPECULATOR 13]

What I know for sure is the largest bookmakers in Costa Rica signed non disclosure agreements with WSEX to buy their share of Matchbook. After seeing the debt level and hearing the asking price none were interested. This was several months ago. If they have sold since I have not heard.

Players at Matchbook should understand that in our opinion Matchbook is far more stable than WSEX. While Matchbook has a lot of debt it does not appear they are under pressure to settle and more importantly this is not the type of debt that will freeze up the operation. It gets complicated but we feel that Matchbook's retail business is separate from their credit business. So there is risk that the debt they ran up or complications with WSEX could unravel Matchbook but with the knowledge that we have we think the risk is low.

That is probably why BLAKIE's group stayed away from them,

Good job Johnny
Thanks