Pinnacle Gives Up.....

[SentToStud]

Originally Posted by Dunbar

One book that is owned by Americans is World Sports Exchange (wsex.com)

Jay Cohen is one of the 3 guys who started up World Sports Exchange, which is located in Antigua. Cohen purposely came back to the US a few years ago to challenge his indictment and the law itself. He lost in court and served 18 mos in prison plus 2 years probation, which finally ended in 2006. I really admire the guy's guts and principles. It would have been easy to stay in Antigua, drinking pina coladas in a million dollar house. While Cohen served his jail term, his 2 partners continued to run the biz in Antigua. They have clearly decided that the US action in Internationally illegal, and would never stop operating because of US pressure.

wsex once double paid me on a $1000 bet. I didn't hesitate for a second (well not for a minute, anyway) about telling them, even though several days had already passed before I realized the error.

http://www.freejaycohen.com/

I agree with Rupert that there is little chance of books like wsex.com ever capitulating. There is also very little chance that books like wsex, TheGreek, and CRIS will go broke.

--Dunbar

Is it not also a big problem if the U.S. banks of American customers can no longer (either by law or pressure) process the money transactions?

I read some comments from yesterday attributed to a Pinnacle person that this was a pretty big factor in their decision.

I'd assume (if this is true) that other sportsbooks would encounter the same kind of issues.