Annual report pursuant to Section 13 and 15(d)

Restricted Cash

v3.21.1
Restricted Cash
12 Months Ended
Dec. 31, 2020
Cash and Cash Equivalents [Abstract]  
Restricted Cash

4. Restricted Cash

 

Restricted cash consists of the following:

 

· cash held in a segregated bank account at Intesa Sanpaolo Bank S.p.A. (“Intesa Sanpaolo Bank”) as collateral against a bank loan with Intesa Sanpaolo Bank for Multigioco as well as Wirecard Bank as a security deposit for Ulisse betting operations.
· The Company maintains a $1,000,000 deposit at Metropolitan Commercial bank held as security against a $500,000 line of credit. See Note 10.