Welcome to our dedicated page for NorthStar Gaming news (Ticker: NSBBF), a resource for investors and traders seeking the latest updates and insights on NorthStar Gaming stock.
NorthStar Gaming Holdings Inc. (OTCQB: NSBBF, TSXV: BET) is an online gambling company whose news flow centers on its NorthStar Bets casino and sportsbook platform, financial performance, and product innovation. Company updates frequently highlight revenue trends, gross margin progression, and the use of non-IFRS measures such as Total Wagers, Gross Gaming Revenue, and Profit/(Loss) before marketing and other expenses to describe operating leverage as the business scales.
Investors following NSBBF news can expect regular earnings releases covering quarterly and annual results, including commentary on managed services revenue, marketing efficiency, and liquidity. NorthStar’s disclosures have also addressed restatements of prior financial results, going concern statements, and enhanced continuous disclosure following regulatory review, making its news flow relevant for those tracking risk, governance, and financial reporting quality.
Operational updates in NorthStar’s news include the launch and evolution of the NorthStar Bets platform, expansion of casino game offerings, introduction of features such as redesigned casino lobbies and Sports Insights content, and the development of VIP initiatives like the NorthStar Elite program. The company also reports on content and brand-building efforts, including the launch of The Boost website, seasonal campaigns, and online tournament series that support player acquisition and retention.
Corporate news items cover leadership changes, equity incentive grants under the company’s omnibus equity compensation plan, stock option cancellations, and strategic marketing agreements with partners such as Playtech Software Limited. For those tracking the gambling and consumer cyclical space, NorthStar’s news page provides a consolidated view of its financial results, strategic priorities, regulatory interactions, and ongoing efforts to refine its cost structure and customer experience.
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.
NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) has launched Sports Insights 2.0 across all NorthStar Bets online and mobile betting platforms. This enhanced content vertical includes new features and tools such as:
- A redesigned home page with improved user experience
- More casino content
- Comprehensive team and player statistics for major league sports
- Enhanced coverage of popular betting sports
- Injury and player news feeds from RotoWire
Sports Insights has proven to be a valuable driver of player engagement and betting activity, with frequent visitors generating significantly higher average deposits and turnover compared to non-readers. The company plans to continue making incremental enhancements based on user feedback and evolving product roadmap.
NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) has announced a $3 million short-term financing through an unsecured promissory note issued to Playtech plc. The note, dated September 13, 2024, carries an 8% annual interest rate and matures on April 25, 2025, or earlier if the company secures additional financing of $10 million or more. The proceeds will fund NorthStar's continued growth and general corporate purposes. This transaction is considered a 'related party transaction' as Playtech plc controls over 10% of NorthStar's voting rights. The company is relying on exemptions from valuation and minority shareholder approval requirements for this transaction.
NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) has announced a series of enhancements to its NorthStar Bets online betting platform. The company's product innovation strategy focuses on being 'Incrementally Better' and 'Fundamentally Different'. Recent improvements include:
1. Strengthened Casino section with streamlined navigation and doubled game selection
2. NorthStar Elite Blackjack for VIP players
3. Sports Insights 2.0 with new features and improved user experience
4. Enhanced Sportsbook with dynamic navigation, personalized prop bets, and intelligent parlay suggestions
These innovations aim to differentiate NorthStar in the marketplace, simplify the customer experience, and reinforce its premium positioning. The company's 2024 strategy focuses on balancing incremental advancements with groundbreaking features to appeal to high-value customers and drive strong customer satisfaction and loyalty.
NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) reported record Q2 2024 results, with significant growth in key metrics:
- Revenue increased 61% to $7.5 million
- Total Wagers rose 41% to $225.5 million
- Gross Gaming Revenue grew 58% to $8.7 million
- Gross Margin improved 69% to $3.2 million (42% of revenue)
The company outperformed industry growth rates in Ontario for Total Wagers and Gross Gaming Revenue. NorthStar also reported a 48% year-over-year increase in active players and a 12% decline in customer acquisition costs. The company secured additional financing and renewed its strategic marketing agreement with Playtech Software
NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) has announced a live Q2 Corporate Update Webinar scheduled for August 14th, 2024, at 11am ET. CEO Michael Moskowitz will present an in-depth update, including a discussion of Q2 Earnings, current operations, and upcoming milestones. The company expects to release its Q2 2024 financial results on August 13, 2024.
Additionally, NorthStar has retained Red Cloud Securities Inc. to provide market-making services, subject to regulatory approval. Red Cloud will trade NorthStar's common shares on the TSXV to maintain a reasonable market and improve liquidity. The company will pay Red Cloud $5,000 per month for these services, with no performance factors or share-based compensation included in the agreement.
NorthStar Gaming conducted a national survey of 1,500 Canadians, revealing that 60% refer to the sport as 'soccer' while 21% call it 'football' and 18% use both terms. Most Canadians who prefer 'soccer' do so to distinguish it from North American football. The survey also found that older Canadians and those in Quebec are more likely to use 'soccer.' Only 32% of Canadians are aware of the historical reasons for the different terms. NorthStar Bets is promoting a campaign called 'The Beautiful Debate,' encouraging fans to express their preferences and customize their betting experience. A special event will be held in Toronto on June 24, 2024, to engage fans in this debate.
NorthStar Gaming Holdings announced the results of its annual general and special meeting held on June 7, 2024. All director nominees listed in the May 6, 2024, management information circular were re-elected, except Chris Hodgson, who did not stand for re-election. The shareholders reappointed KPMG LLP as auditors and approved amendments to the company's omnibus equity compensation plan. Additionally, shareholders approved a potential consolidation of shares, with a ratio of one post-consolidated share for up to every ten currently outstanding shares. Details are available on the SEDAR+ profile.
NorthStar Gaming Holdings announced equity incentive awards on May 31, 2024. The company's Board approved the grant of stock options and deferred share units (DSUs) under their Equity Incentive Plan. Up to 5,960,000 stock options were granted to employees, consultants, officers, and directors, with an exercise price of $0.06 per share, expiring in five years. One-third of the options vest after one year, and the rest vest quarterly over two years. Additionally, 3,521,083 DSUs were granted to non-executive directors instead of cash compensation for 2023, vesting immediately and redeemable when they cease to be directors. These grants are subject to TSX Venture Exchange approval.