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Reason to hope WSEX players may be paid soon
SBR reported this afternoon on the state of WSEX.
Are you owed funds by WSEX? If so, how much and how long have you been waiting? You can use this thread as a sounding board anytime you have an account update. Additionally, you can submit feedback privately via the sportsbook complaint form.
Originally Posted by Lou
im confused. chucksimms told me wsex did not own any part of matchbook for years now.
Not likely.
I'm waiting on 12 checks of $3000 each, dating from 2/25/2010 to 3/30/2010.
You're a liar. WSEX owned a minority interest when Matchbook started out. Thats what I have posted here at SBR. WSEX has shared their software that connects both to the internet.
I do not know what Lou is talking about. I doubt he does either. WSEX has lied for more than a year, repeatedly. A stiff book, and thats what WSEX is right now is hardly going to start making payouts anytime soon. Unless they get a rash of new deposits after the super bowl.
Matchbook has refused any WESX deposit transfers from me for more than a year. Reason: WSEX is broke and is currently using new deposits to pay its employees and pay a select few players. They did not say that to me but I can read between the lines.
what lie did i tell? you told me matchbook and wsex had no connection other then shared servers or something. no?You're a liar. WSEX owned a minority interest when Matchbook started out. Thats what I have posted here at SBR. WSEX has shared their software that connects both to the internet.
I do not know what Lou is talking about. I doubt he does either. WSEX has lied for more than a year, repeatedly. A stiff book, and thats what WSEX is right now is hardly going to start making payouts anytime soon. Unless they get a rash of new deposits after the super bowl.
Matchbook has refused any WESX deposit transfers from me for more than a year. Reason: WSEX is broke and is currently using new deposits to pay its employees and pay a select few players. They did not say that to me but I can read between the lines.
Why use this thread as a sounding board? What's wrong with the other thread. Why does Lou post the selling of MB as factual evidence that their backlog will be zeroed out...and "soon" no less.
You said I have been telling you that "for years". I posted WSEX had a minority interest at the beginning. I posted WSEX had no connection as far as the financials. Stick with the facts.
When someone posted WSEX owned Matchbook, I said that was false.
SBR keeps posting that WSEX and Matchbook are a team or "sister book" that misleads people into thinking they are owned by the same person. I'm saying thats BS.
I also state what Lou is saying in this thread is preposterous("players may be paid soon").
Hey Chuck,
Share your reasoning if you feel you are in the know on something.
We have always said publicly who our sources are, the company itself from both sides. Your claims and claims from other websites without sources have contradicted what both parties stated directly to us. Maybe you were just running with what you read elsewhere.
WSEX told us initially of their majority ownership. This time it's Matchbook execs keeping us posted on the progress of their new exchange product and new ownership. They are looking forward to moving on independently. Their press release should clear things up for you.
Lou and everyone else here is hopeful WSEX can and willl pay as a result. WSEX ownership no longer discusses their debt with us despite having their CS supervisors communicate on status of payouts and delinquent balances. Matchbooks mgt has carried around the WSEX baggage for years now so it will be good to see a new start and for them to have a chance to be judged on their own performance.
I think you guys are having a communication breakdown. I understood bubba's post to say, according to Chuck Sims WSEX has not had ownership in Matchbook for years.
My question is then is this good for wsex or ultimately a final nail in the coffin seeing as they are losing a solid part of their operation?
What does wsex believe about its future from this complete separation?
That would be incorrect. Matchbook is looking forward to saying that in the near future.
We know 2 things regarding WSEX. In the past when WSEX has came into cash, they sent it to players. WSEX should come into cash again. We do not know how much. We estimate that SBR has reports from players making up at least 3/4 of their total debt.
The accounting books have been separate which is why Matchbook and WSEX don't do transfers. You would see MB acting as a clearing house for WSEX.
How would this have been a bad thing?
As a business if you have the resources to maintain CUSTOMERS you use it.
Everyone that is owed large amounts by them all tried to pull out at the same time because the red flags were there.
If they would have given us at least credit at MB the name "wsex" would not have been dragged thru the mud as bad as its been and they would still have some of us customers and other potential ones still playing there because we'd still have some comfort of not ever being stiffed. And in return MB gets liquidity and commission and the company as a whole would still have a shot at all our money.
But instead now their rep is ruined and anyone with any knowledge of the industry is not depositing to wsex when if the above was done they would still be getting new and old customers and now they have neither!
What is the WSEX/Matchbook connection as of right now? Seems nobody really knows. I'm concerned only because I recently opened a Matchbook account (can't deposit yet due to the G...Pay issue.)
There's either vague answers or speculation. Some say WSEX sold Matchbook, some claim there's a partnership.
Does anyone know for sure? I'm just really curious about this one.
If by chance there is a business connection will my funds be 100% secure at Matchbook?
Last edited by BChrisB; 01-06-11 at 09:43 PM. Reason: added
And as for MB taking on all the wsex debt in the scenerio I provided above- when "wsex would come into money" it would go to matchbook instead of us players and so on and so on til it all got fixed.
They may have ended up alive and well if they had decided to do that.
What does selling an interest in Matchbook have to do with WSEX paying it's customers? Haven't they been claiming for about 3 years now that they are having "processor problems?"
It is just hard to believe that if wsex has any meaningful control or asset of matchbook, that instead of using matchbook's fund to keep withdraw flowing, they rather slow pay for this long and ultimately ruins a once great book. Isn't that how big banks work? If everybody withdraw at same time, they will collapse, but otherwise smooth operations.
different- a bank lends money that is deposited. if all the depositors want their $ back, the bank has lent a lot/all of this money out. (this is a very simple version). a sportsbook is not supposed to be lending your money out.
Bill Dozer, your info has been bogus on this issue. Including your downgrade of Matchbook after they stopped paying you. I'll leave it at that.
Try paying more attention.
Lets all hang fire until they actually have the decency to inform us of what is happening.
Both businesses would be in a lot better shape if they had of done this a LONG TMIE AGO!!!
Whoever the marketing genius behind the start of this thread should get a raise
More Vague information out of Costa Rica/Antigua/UK there by creating more posts and more views
Picked up by slime ball sting in the next few days and posted on his site-people who read his site come here and sign up
A+++++
when Matchbook's new owners post here as themselves let us know
So if they have plans to be a new independent gaming company, how does the coincide with the statement "the purchase of Matchbook from WSEX?"SBR has spoken with Matchbook (SBR rating B-) executives and are aware of their plans to become a new independent gaming company. It's been known that WSEX (SBR rating D) had an ownership stake in Matchbook since their launch in 2005. Despite the relationship to date, Matchbook is in good standing and players have not reported any delinquent payout requests. SBR is hopeful the purchase of Matchbook from WSEX will allow outstanding WSEX withdrawals to be processed. Matchbook is expected to provide a press release to SBR in the coming weeks after the ownership changes are solidified. | WSEX Slow-pay complaints
Am I reading this wrong? If I'm reading this correctly then how did WSEX have the money to purchase Matchbook but not pay out players? If I'm reading this incorrectly I apologize for the post.
EDIT: I think I am reading this wrong.... it's stated "the purchase from" ... so who's purchasing it anyways? Matchbook?
Last edited by BChrisB; 01-07-11 at 03:37 AM.
Matchbook is majority-owned by WSEX, always has been. They are close to announcing new ownership.
Not sure I understand your full post but it's a good thing... for the future of the Matchbook brand. Hopefully WSEX can liquidate these assets and start rehabbing their brand.
Never been our info. We have stated what has been said to us from the horses mouth. Matchbook came down from the forum at the end of their term and was not offered the opportunity to advertise again due to WSEX issues. Matchbook was told it is not possible until the ownership liability is addressed.
This is typical Chuck Sims pretending to know something... Throwing around accusations, inferences and saying silly things like "I'll leave it at that" or "people know the truth" all in an adamant tone, then disappearing until the next thread when you do it all again. Chuck, I'm calling you out. No more leaving it "at that".
Last edited by Bill Dozer; 01-07-11 at 10:17 AM. Reason: added reply to post
Never been our info. We have stated what has been said to us from the horses mouth. Matchbook came down from the forum at the end of their term and was not offered the opportunity to advertise again due to WSEX issues. Matchbook was told it is not possible until the ownership liability is addressed.
i have seen this questioned many times. are you saying the reason that matchbook stopped advertising at sbr was 100% sbr's decision? this would give sbr credibility on the issue. however, why has this never been stated before. is this fully accurate?
Bill your current info conflicts with previous info posted here by your own employees. So forgive us all for being confused.
"Matchbook is majority-owned by WSEX, always has been."
BULLSHIT.
SBR Bill says at least 3/4 WSEX player withdraw debt is on record with SBR. Bill, you are soooo off the mark.
I've spoken to WSEX owners dealing with huge deposits going to Matchbook back in 2005/6. They made it clear they were not the owners and were just helping them get started and had a minority interest. WSEX said the owners were a group of pro gamblers.
Back in 2005, WSEX was an honorbale, highly regarded sportsbook. Fast forward to 2011, WSEX is no longer honorable. A disreputable sportsbook would best describe them. A stiff book using new deposits to pay for daily expenses.
For the last year, WSEX have been lying stiffs. SBR Bill says, "I heard it from the horse's mouth". Hey Bill, I heard from the horse's mouth, WSEX is having processor issues and everyone will be paid before the start of football.
Any time something like this comes up it makes me have second thoughts about Matchbook. Obviously WSEX is not paying and most of us got our money out of that site long ago but as far as Matchbook is concerned, whether or not they are owned partly by wsex or were, are they safe? What do you guys see in the near future for Matchbook? Things gradually getting better or things gradually getting worse?
Sorry to intervene here but I am sure there are some matchbook players that are also having the same concerns as myself.
I never thought I would live long enough to see this happen to WSEX.
If there is a connection with another book, seems odd for them to dump that brand.
But to steal any funds left from one sinking ship to front another with a different name seems to be the business model for underfunded books.
wsex will be the scapegoat and escuse to run with a lot of peoples money. then matchbook will look good and still be able to operate with a clean rep. the truth is they are probably the same company and always have been and this is a scam.
I totally agree with this, it smells like they have always had the same owner.
Besides, noone can be trusted in this issue, noone...and no Chuck Sims i wouldnt trust you either.
Besides, the most likely scenario here is that Wsex realized they do not make any money with their book anymore, because it was too easy to beat.
So they stopped normal payouts (why would they care about the players that constantly beat them).
To protect Matchbook, where they see a risk-free future (in theory, they prolly fukked up as well there), this was announced.
Now all that the players with $$$ at Wsex can hope for is that they are honorable enough to pay out from future incomes.
The bonuses they gave out do not make me very hopeful thou, because this is one method to get money in that can be taken away...
this is the best reason i've had to think people will get paid from WSEX in a year. when they had a few bucks a couple months ago they paid off some debt. not everyone got all they had coming but they did pay me off and payed out alot more than a book ready to give up and completely stiff people would. so when they get that chuck of money from their interest in MATCHBOOK i think they will pay off a lot more of thier debt owed. maybe even all of it this time. and i also do not really care who said what when. it's about what we know now. i do trust and believe that lou and bill are just telling us what they were told. i for 1 have been waiting for awhile to be told something about what is going on at these 2 books. would be better to hear it from the management of the books, but them telling SBR and SBR telling us is just as good. like to thank everyone who stayed with the thread to give opinions about what might be going on. appreciated the opinions whether i agreed with them or not. can't wait to see what the future of WSEX is. hope it's better than people seem to think here. doesn't seem MATCHBOOK's future is a hard call. looks great. better than ever.
We are talking about Matchbook top mgt, updating us weekly on their new owner purchasing all of Matchbook. The party the controlling interest is being purchased from is WSEX. The party purchasing is an individual known in the industry who we will research further following the sale. I'm sure people in their office wish you were right and WSEX was in the rear view. They know successfully operating as an independent company is the only way to gain confidence.
It really doesn't matter what WSEX passed along to their customers about their internal business. When they were on their way to being cash poor it was in their best interest to protect an asset. I'm sure if WSEX does right the ship we'll hear from their principals again.
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