This story was published more than 9 years ago.
Internet based sportsbook World Sports Exchange has announced that it has closed its doors this week due to financial issues the firm was having.
The site has reportedly been in serious financial straits lately, with the company reportedly owing more than $700,000 to punters throughout the world when it decided to shut down its poker operation in February of this year. Slow payments and other concerning details were revealed by users of the site leading up to the closure of WSEX's page.
A notification on the book's page read: "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."