NorthStar Gaming Stock Price, News & Analysis

NorthStar Gaming (NSBBF) reported strong Q1 2025 financial results with significant growth and margin expansion. Revenue increased 32% year-over-year to $7.8 million, while gross margin grew 58% to $3.0 million (38.5% margin vs 31.5% in Q1 2024). The company achieved profit before marketing of $0.6 million, compared to a $0.6 million loss in Q1 2024. Operating expenses improved as a percentage of revenue, with G&A at 31% (vs 41%) and marketing at 52% (vs 62%). Key operational achievements include record customer retention rates, 15% expansion in casino games to over 1,800 titles, and launch of NorthStar Bets Blackjack VZN. The company secured a CAD $43.4 million credit facility to strengthen its balance sheet and accelerate growth initiatives.

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) announced that the Ontario Securities Commission has revoked the temporary management cease trade order (MCTO) on May 16, 2025. The MCTO, which was initially granted on May 8, 2025, has been lifted after the company successfully filed its annual audited financial statements, management's discussion and analysis, and related certifications for the year ended December 31, 2024. The company completed these Annual Filings on May 14, 2025. With the MCTO revocation, management can now resume trading the company's securities.

NorthStar Gaming Holdings (TSXV: BET, OTCQB: NSBBF) reported strong financial results for FY2024, with revenue growing 57% to $29.6 million and gross margin increasing 91% to $10.5 million. Total wagers reached $980.0 million, up 51% from 2023. The company achieved a profit before marketing of $0.1 million, compared to a $6.7 million loss in 2023. Key Q4 2024 metrics showed continued growth with total wagers of $303.0 million (+42% YoY) and revenue of $9.5 million (+51% YoY). NorthStar recently secured a $43.4 million debt financing and extended its strategic marketing agreement with Playtech Software. The company outperformed industry growth rates in both Total Wagers and Gross Gaming Revenue, while maintaining disciplined cost control with only a 10% increase in marketing expenses.

NorthStar Gaming Holdings (TSXV: BET) (OTCQB: NSBBF) has received a management cease trade order (MCTO) from the Ontario Securities Commission on May 8, 2025. The MCTO was requested due to a delay in filing their annual financial statements for 2024, which were due on April 30, 2025.

The delay stems from the need to restate certain financial amounts from 2023, specifically related to payment service provider fees and player loyalty bonuses. The company discovered that its payment processor had deducted additional merchant fees from daily remittances that weren't properly accounted for, leading to understated service provider fees and overstated accounts receivable.

NorthStar expects to file the required documents by May 15, 2025. The MCTO restricts only the CEO and CFO from trading company securities, while other shareholders can continue trading normally.

NorthStar Gaming has announced a delay in filing its annual financial statements for the year ended December 31, 2024. The company will miss the April 30, 2025 deadline and expects to file by May 15, 2025.

The delay stems from an audit issue involving payment service providers' fees. The company discovered that its payment processor had deducted additional merchant fees from daily remittances without proper documentation, identified during year-end reconciliation. This requires a restatement of certain amounts from the previous fiscal year.

As a result, NorthStar is applying for a Management Cease Trade Order (MCTO) from the Ontario Securities Commission. If granted, this would restrict trading by company officers and directors but not affect general public trading. If denied, a broader cease trade order could halt all trading on the TSX Venture Exchange. The company will provide bi-weekly status updates and has postponed its Q4 and Year-End 2024 Earnings Webinar.

NorthStar Gaming Holdings (TSXV: BET) (OTCQB: NSBBF) has rescheduled its Q4 and Year-End 2024 Earnings Webinar to May 1, 2025, at 11:00 am EDT. The company requires additional time to complete its year-end audit process and finalize the FY2024 Financial Statements.

The financial results and consolidated financial statements for the year ended December 31, 2024, along with management's discussion and analysis, will be filed by April 30, 2025. Chairman and CEO Michael Moskowitz will present the financial results and provide updates on operations and strategic priorities during the webinar. Investors will have the opportunity to submit questions beforehand through the registration form.

NorthStar Gaming Holdings (TSXV: BET) (OTCQB: NSBBF) has scheduled its Q4 and year-end 2024 earnings webinar for April 29th, 2025, at 11:00 am EDT. Chair and CEO Michael Moskowitz will present the financial results and provide updates on operations and strategic priorities during the event.

The company plans to release its fourth quarter and year-end 2024 financial results on April 24, 2025. Investors and interested parties can register for the webinar, which will include a Q&A session with management following the presentation.

NorthStar Gaming Holdings (TSXV: BET, OTCQB: NSBBF) announces its Spring Tournament Series with a combined prize pool of up to $100,000 across three gaming categories. The series includes:

• NorthStar Blackjack Spring Open (March 21-April 3) with $30,000 prize pool
• 50 Grand Slots Showdown (March 28-April 26) offering $50,000 in prizes
• Parlay Playoff (March 31-April 13) featuring up to $25,000 progressive prize pool

The initiative follows the success of last fall's Blackjack Championship in Ontario, which boosted high-value player acquisition and engagement. The tournaments aim to create a differentiated market position and enhance the online betting experience with innovative formats, progressive prize pools, and interactive leaderboards.

NorthStar Gaming Holdings (TSXV: BET, OTCQB: NSBBF) announced preliminary Q4 and FY2024 results, showing record performance across key metrics. Q4 2024 highlights include total wagers of $303M (up 42% YoY), gross gaming revenue of $10M (up 31.6%), and revenue of $9.6M (up 47.6%). Gross margin reached $4.4M with a 46% margin rate.

Full-year 2024 results show total wagers of $980M (up 51%), gross gaming revenue of $34M (up 51%), and revenue of $29.7M (up 53.1%). The company secured a $43.4M CAD senior secured loan facility to strengthen its balance sheet and accelerate growth initiatives. Management expects to file audited FY2024 results by end of April 2025.