NorthStar Gaming Stock Price, News & Analysis

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.

NorthStar Gaming Holdings (TSXV: BET, OTCQB: NSBBF) has secured a $43.4 million CAD senior secured first lien term loan facility from Beach Point Capital Management. The Credit Facility, representing the largest financing in the company's history, includes support from Playtech plc through credit guarantees.

Key terms include an interest rate of SOFR + 9.35% with a 4.40% SOFR floor, maturing January 24, 2030. The loan features payment deferral for 30 months, followed by graduated amortization. Proceeds will be used to repay $9.5 million CAD in Playtech loans, fund a $7 million CAD interest reserve, and support working capital.

As part of the agreement, Playtech received 32,735,295 common share purchase warrants at $0.055 CAD per share, exercisable until January 24, 2030. The financing aims to strengthen NorthStar's balance sheet and accelerate growth initiatives toward profitability.

NorthStar Gaming Holdings (TSXV: BET, OTCQB: NSBBF) has secured a $3.5 million unsecured promissory note from Playtech plc, bearing an 8% annual interest rate. The note matures on April 25, 2025, or earlier if the company completes additional financing of $10 million or more. This financing follows two previous short-term loans from Playtech plc, bringing the total borrowed amount to $9.5 million.

The proceeds will support the company's growth initiatives and general corporate purposes. The transaction qualifies as a 'related party transaction' as Playtech plc controls over 10% of NorthStar's voting rights. The company received exemptions from certain regulatory requirements due to commercial terms and expedited closing requirements.

NorthStar Gaming Holdings reported strong Q3 2024 financial results with significant growth across key metrics. Total wagers increased 69% to $234 million, while gross gaming revenue rose 53% to $8.4 million. Revenue grew 45% to $6.8 million, and gross margin increased 63% to $2.7 million. The company achieved a notable milestone as gross margin now fully covers overhead costs. Marketing expenditures as a percentage of revenue decreased from two-thirds to approximately half year-to-date, demonstrating improved operational efficiency.

For the nine-month period, total wagers reached $677 million, up 54%, with gross gaming revenue increasing 56% to $24.1 million. The company outpaced industry growth rates in both total wagers and gross gaming revenue.

NorthStar Gaming Holdings (TSXV: BET) (OTCQB: NSBBF) has scheduled its Q3 2024 earnings webinar for December 3rd at 11am ET. CEO Michael Moskowitz will present the company's third quarter financial results and provide updates on current operations and upcoming milestones. The Q3 2024 financial results are expected to be announced on November 27, 2024. Investors and interested parties can register for the webinar, which will include a Q&A session with management.

NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) has launched the NorthStar Blackjack Championship, an online Blackjack tournament with a $100,000 prize pool, running from October 21 to November 25, 2024. The tournament, exclusive to NorthStar Bets in Ontario, offers players a chance to win a 10-ounce pure-gold bar valued at $35,000 for first place.

Players earn points for consecutive winning hands to climb the Championship Qualifier Leaderboard. The top 50 players after four weeks will compete in the final week's "Showdown for the Crown". Daily and weekly cash prizes are also available, with daily winners earning $250 and weekly top performers winning up to $2,000.

The tournament is free to enter and open to legal Ontario residents aged 19 and above. CEO Michael Moskowitz states this first-of-its-kind tournament demonstrates NorthStar's commitment to innovation and providing unique gaming experiences.