Annual report pursuant to Section 13 and 15(d)

4. Restricted Cash

v3.22.1
4. Restricted Cash
12 Months Ended
Dec. 31, 2021
Cash and Cash Equivalents [Abstract]  
4. 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. In the prior year we held funds at Wirecard Bank as a security deposit for Ulisse betting operations, this deposit was returned during the current year.
  ·           In the prior year, the Company maintained a $500,000 security deposit at Metropolitan Commercial Bank as security against a $500,000 line of credit, refer note 10 below.