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Cyberoad

1,217 bytes added, 14:40, 4 October 2019
Created page with "Cyberoad was a software company specializing in the development of turnkey betting systems. Their technology was used to power some of the internet's first online betting site..."
Cyberoad was a software company specializing in the development of turnkey betting systems. Their technology was used to power some of the internet's first online betting sites.

{{Template:Company
|years = 1997 - 2000
|status = Acquired by [[eSportz]]
|image = [[File:Cyberoad_Logo.PNG|200px|alt=Cyberoad]]
}}


== History ==

Cyberoad was established in 1997. By 1998 their betting software was used to launch multiple online sportsbooks including [[Mayan Sports]], [[Grand Prix Sports]], and [[The Big Book]]. Cyberoad's partnership with [[eBanx]] allowed them to provide customers with credit card deposits and e-check withdrawals. These payment methods were seen as highly convenient in an industry primarily operating with cash agents and Western Union. Cyberoad purchased eBanx on November 29, 1999.<ref>[https://www.bnamericas.com/en/news/Cyberoad_Completes_Ebanx_Acquisition "Cyberoad Completes Ebanx Acquisition"], ''bnamericas'', Costa Rica, November 29, 1999. Retrieved on 2019-09-17</ref>

After raising money with hopes of going public, Cyberoad closed in 2000. It's assets were acquired by [[El Moro Finances]] who allocated betting software distribution and responsibilities to subsidiary [[eSportz]].