NorthStar Gaming Announces Leadership Changes
Rhea-AI Summary
NorthStar Gaming (OTCQB: NSBBF) announced immediate leadership changes on December 8, 2025. The company's CEO and Board chair, Michael Moskowitz, is no longer with the company.
The Board named co-founder Corey Goodman, chief development officer and general counsel, as interim CEO. The Board also appointed Dean MacDonald as Chair. The company said Mr. Goodman will focus on refining the cost structure, enhancing operational discipline, and driving improvements in revenue and profitability. Director Barry Shafran resigned from the Board and the company will announce an additional independent director and a new Audit Committee Chair once selected.
Positive
- Interim CEO Corey Goodman is a company co-founder
- Board cites focus on cost structure and profitability
- Dean MacDonald appointed Chair to ensure board continuity
Negative
- Former CEO and Chair Michael Moskowitz departed immediately
- Audit Committee Chair Barry Shafran resigned from the Board
- Board pending appointment of independent director and audit chair
News Market Reaction
On the day this news was published, NSBBF gained 15.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
While NSBBF rose 15%, close peers mostly showed 0% change, with only JACKPOT DIGITAL (JPOTF) down 0.34%, indicating a stock-specific move rather than a sector-wide shift.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Leadership change | Neutral | +15.0% | CEO and Chair departure with co-founder appointed interim CEO. |
| Nov 27 | Earnings update | Neutral | +11.8% | Q3 2025 results with modest growth and going-concern disclosure. |
| Oct 27 | Product launch | Positive | +7.5% | Launch of The Boost content site to broaden reach and acquisition. |
| Aug 13 | Earnings update | Positive | -10.4% | Strong Q2 2025 growth and margins but shares fell afterward. |
| Aug 07 | Earnings webinar | Neutral | -0.3% | Scheduling of Q2 2025 earnings webinar and results release dates. |
Recent news often triggered sizable moves: product launches and this management change saw gains, but strong Q2 earnings coincided with a notable decline, suggesting mixed reactions to fundamentally positive updates.
This announcement on December 8, 2025 continues an active news flow for NorthStar Gaming. Recent items included Q3 2025 results on November 27, 2025 with revenue of $6.9M CAD and YTD revenue of $23.3M CAD, and the launch of "The Boost" on October 27, 2025. Earlier, Q2 2025 results highlighted revenue of $8.5M and a 40.8% gross margin. Price reactions have varied, with some positive fundamental updates met by declines, while product and management news often saw gains.
Market Pulse Summary
The stock surged +15.0% in the session following this news. A strong positive reaction aligns with the history of NorthStar’s shares responding sharply to discrete catalysts, such as product launches and this leadership change. With the stock at $0.0142, still far below the 52-week high of $0.0914, prior divergence on strong Q2 earnings and mixed responses to fundamentals highlighted that sentiment has been event-driven and potentially fragile around new developments.
AI-generated analysis. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - December 8, 2025) - NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) ("NorthStar" or the "Company") announces that, effective immediately, Michael Moskowitz is no longer the Company's Chief Executive Officer ("CEO") or Chair of its Board of Directors (the "Board").
CEO Transition
The Board has appointed Corey Goodman, the Company's Chief Development Officer and General Counsel, as Interim Chief Executive Officer. Mr. Goodman, who co-founded NorthStar, has extensive experience in online gaming, operational realignment, corporate restructuring, and capital markets. Working closely with the Board, he will guide the Company's work to refine its cost structure, enhance operational discipline, and to drive improvement efforts in respect of both revenue and profitability.
"Mr. Goodman has been an essential contributor since the founding of the Company," said Dean MacDonald, Director. "The Board has full confidence in his leadership and his deep knowledge of our business. His balanced and disciplined approach will help ensure continuity while we focus on strengthening performance and positioning NorthStar for long-term growth."
NorthStar will continue to update stakeholders as it advances its operational and financial priorities.
Board Update
In connection with Mr. Moskowitz's departure from the Company as Chief Executive Officer and Chair, Dean MacDonald, who has served on the Board of Directors since 2023, has been appointed Chair of the Board.
Barry Shafran has resigned from the Board of Directors, effective immediately. Mr. Shafran served as Chair of the Audit Committee and the Board thanks him for his service and contributions. An announcement regarding the appointment of an additional independent director and a new Chair of the Audit Committee will be made once the Board has finalized its selection.
About NorthStar
NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.
As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.
NorthStar is listed in Canada on the TSX Venture Exchange ("TSXV") under the symbol "BET" and in the United States on the OTCQB under the symbol "NSBBF". For more information on the Company, please visit: www.northstargaming.ca.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding Forward-Looking Information and Statements
This communication contains "forward-looking information" within the meaning of applicable securities laws in Canada ("forward-looking statements"), including without limitation, statements with respect to the following: expected performance of the Company's business, including but not limited to, its cost structure, operational discipline and initiatives, and revenue and profitability. The foregoing is provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management's opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company's business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the "Risk Factors" section of the Company's most recent annual information form, which is available under NorthStar's profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company's control.
If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.
All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.
For further information:
Company Contact:
Corey Goodman
Interim Chief Executive Officer 647-530-2387
investorrelations@northstargaming.ca
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277295
FAQ
Who is the interim CEO of NorthStar Gaming (NSBBF) as of December 8, 2025?
Why did NorthStar Gaming (NSBBF) change its CEO on December 8, 2025?
Who is the new Chair of NorthStar Gaming (NSBBF) effective December 8, 2025?
Did any board members resign from NorthStar Gaming (NSBBF) on December 8, 2025?
Will NorthStar Gaming (NSBBF) name new directors or committee chairs after December 8, 2025?
What operational priorities did interim CEO Corey Goodman outline for NorthStar Gaming (NSBBF)?
