Future of WSEX

[Law]

Since Jay Cohen is now found guilty, how will it affect wsex. Will they still be in business for the US. I have been with them for 2 years and never had a problem. Now with the guilty plead, should customers be concerned with their account for the future.

[WhiteShoes]

The U.S. doesn't have much leverage with
the issue, besides indicting
owners of foreign run sportsbooks. The
U.S. isn't going to even come after them
or ask for extradition because they know
it's too pety a crime and that it's legal
in these countries.
The only option the U.S. really has
is threaten the owners with arrest should
they come onto the U.S. Most will take
this condition since they are probably
making more money than they ever could
otherwise. Many simply don't have plans to
come to the U.S. and could care less about
this. So why is the U.S. doing what they
are doing, even when they know that things
will go on unabated, regardless of who owns
the sportsbooks/casinos? Who knows. Spite?

[WhiteShoes]

the thought of what motivation the U.S.
has crossed my mind and I think I'm close.

They are stalling big time.

They have nothing to gain by a quick
verdic, nor by indicting every sports
book out there....because they know
they won't win a single case before a jury.

They knew in late 1997 that if they didn't
do something quick that it would too late
and internet gambling would become a fixure
world wide. And they knew they wouldn't
be able to pass an effective law very quickly (or at all) that would hold back the
tide.

So they went and indicted a smattering of
offshore owners, and have stalled ever since.
They've never wanted a decision because they
know it won't stand up to a full investigation. What they were seeking was
intimidation in order to slow down or stop
as many sports books as possible until an
acceptable law in place. That hasn't happened yet, and neigher has a court
decision using the old wire act happened
either. Think how long this has taken.
Two years, delay after delay, now a
"fixed trial" (read the prescription if
you want to know how much of a joke the
"trial" was) and now a probable extended
wait for an appeal.

Banning gambling online or otherwise is
too complex an issue, even for the U.S.

Jay Cohen will win on appeal. The U.S.
will have some hokey legislation in
place eventually, and sports betting
will continue to expand world wide
at an exponetial rate. Case closed!

[Dot Mix]

Why no response here by WSEX regarding the original question? WSEX reads this board daily.

My account dwindled and I never re-upped because I got to thinking about the trial. I'd find it difficult to post up again when WSEX avoids responding in some fashion to the original question.

Dot

[mls]

I fail to see how the verdict will affect anything at WSEX.

First, even the trial judge all but said this verdict will probably be reversed on appeal.

Second, if the verdict stands (or the Kyle bill finally passes) then the present owners of WSEX would simply arrange for foreign ownership (with or without their involvement behind the scenes). I would imagine that WSEX would be worth a substantial sum if it was actually sold to non-Americans.

In conclusion, I cannot imagine how this guilty verdict could adversely affect the day-to-day operations at WSEX. I for one have had a 4-5 figure balance there for years and will make no changes whatsoever.

[ShiftySheik]

I agree with mls, I'd trust them with any amount. They're as solid as a bank.