Annual report pursuant to Section 13 and 15(d)

Liability in connection with acquisition

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Liability in connection with acquisition
12 Months Ended
Dec. 31, 2018
Payables and Accruals [Abstract]  
Liability in connection with acquisition

9. Liability in connection with acquisition

 

Liability in connection with acquisition represent non-interest-bearing amount due by the Company’s subsidiaries toward the purchase price as per a purchase agreement between Newgioco Srl and the Company’s subsidiaries. An officer of the Company owns 50% of Newgioco Srl. In connection with the Multigioco Acquisition, on June 22, 2018 the Company paid the amount due to Newgioco Srl in full.