NorthStar Gaming Stock Price, News & Analysis

NorthStar Gaming (OTCQB: NSBBF) reported Q3 2025 results with revenue of $6.9M CAD (+4% YoY) and YTD revenue of $23.3M CAD (+17% YoY). Gross margin improved to $2.4M in Q3 (+14% YoY; 34.7% of revenue) and $8.9M YTD (+32% YoY; 38.2% of revenue). Profit before marketing and other expenses was $0.2M in Q3 and $1.5M YTD. G&A and marketing expenses declined year-over-year in both Q3 and YTD periods. The company launched new customer-facing products and reported onboarding and UX improvements. The financials include a going-concern note and a restatement for comparative 2024 figures; management is discussing covenant matters with its lender.

NorthStar Gaming (OTCQB: NSBBF) launched a new off-platform website called "The Boost" on October 27, 2025, at www.theboostbet.ca. The Boost will publish original Canadian-focused casino and sports-betting content drawn from the company's NorthStar Bets platform and updated daily by local writers, supplemented by third-party data feeds.

The company says the site aims to broaden content distribution via search and social media, create an additional customer-acquisition channel, support brand awareness in Alberta ahead of an anticipated regulated-market entry in 2026, and host responsible-gambling resources. The Boost will be supported by a branded X account @TheBoostCA.

NorthStar Gaming Holdings (OTCQB: NSBBF) reported strong Q2 2025 financial results, with revenue reaching $8.5 million, up 15% year-over-year. The company achieved record gross margin of 40.8%, while managed services revenue more than doubled to $0.9 million.

Key highlights include a 25% increase in gross margin to $3.5 million, an 87% increase in profit before marketing to $0.7 million, and a 16% reduction in marketing expenses to $3.1 million. The company's cost per acquisition decreased by 10% compared to Q2 2024, demonstrating improved marketing efficiency.

NorthStar launched its "Summer of Spoils" campaign, maintained record customer retention levels, and initiated a comprehensive Casino UI/UX upgrade. The company expects continued growth, focusing on expansion opportunities in other Canadian regions through managed services.

NorthStar Gaming Holdings (TSXV: BET) (OTCQB: NSBBF) has scheduled its Q2 2025 earnings webinar for August 14th, 2025 at 11:00 AM EDT. The company will release its financial results for the three- and six-month periods ended June 30, 2025, along with the management's discussion and analysis on August 13th, 2025.

Chairman and CEO Michael Moskowitz will present the financial results and provide updates on current operations and strategic priorities. Investors can submit questions in advance through the registration form, and management will address questions following the presentation.

NorthStar Gaming Holdings (OTCQB: NSBBF) has announced the grant of 5,078,913 deferred share units (DSUs) to its non-executive directors as compensation for their 2024 services, replacing cash payments. The DSUs, which vest immediately, can only be redeemed when a director leaves the company's board.

This equity-based compensation strategy aligns with NorthStar's cost reduction initiatives. The DSU grants remain subject to TSX Venture Exchange approval.

NorthStar Gaming Holdings announced the results of its annual general meeting held on May 26, 2025, where shareholders re-elected all director nominees and reappointed KPMG LLP as auditors. The company also approved amendments to its omnibus equity compensation plan and granted significant equity incentive awards. These include 3,932,500 stock options at $0.06 per share with a 5-year expiry and 3-year vesting period, 6,000,000 RSUs vesting over three years, and 2,454,545 DSUs granted to non-executive directors that vest immediately but can only be redeemed upon departure from the board. All equity grants are subject to TSX Venture Exchange approval.

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.