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 TransitionThe 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 extensiv ...

Core Insights - NorthStar Gaming reported a year-over-year growth in both revenue and gross margin for Q3 2025, with ongoing operational improvements enhancing player experience and reducing expenses [3][6][9] Financial Highlights for Q3 2025 - Revenue reached CAD 6.9 million, a 4% increase from CAD 6.6 million in Q3 2024, including CAD 0.8 million from managed services, up 167% from CAD 0.3 million [6] - Gross Margin was CAD 2.4 million, a 14% increase from CAD 2.1 million in Q3 2024, with a gross margin percentage of 34.7%, up from 31.7% [6] - Profit before marketing and other expenses was CAD 0.2 million, improving by CAD 0.7 million compared to a loss of CAD 0.5 million in Q3 2024 [6] - General and administrative expenses decreased by 16% to CAD 2.2 million, representing 31.6% of revenue compared to 39.4% in Q3 2024 [6] - Marketing expenses decreased by 21% to CAD 2.3 million, representing 32.6% of revenue compared to 42.9% in Q3 2024 [6] Financial Highlights for YTD 2025 - Revenue for the nine-month period was CAD 23.3 million, a 17% increase from CAD 20.0 million in YTD 2024, including CAD 1.9 million from managed services, up 138% from CAD 0.8 million [6] - Gross Margin was CAD 8.9 million, a 32% increase from CAD 6.8 million in YTD 2024, with a gross margin percentage of 38.2%, up from 33.9% [6] - Profit before marketing and other expenses was CAD 1.5 million, improving by CAD 2.2 million compared to a loss of CAD 0.6 million in YTD 2024 [6] - General and administrative expenses were CAD 7.37 million, a slight decrease of 1% from CAD 7.42 million in YTD 2024 [6][7] Recent Operating Highlights - Launched "The Boost" website to enhance customer acquisition in Ontario [14] - Recognized at the Clio Sports Awards for innovative marketing campaigns [14] - Implemented enhancements to onboarding processes, resulting in 9% faster registration times and an 8% uplift in completion rates [14] Outlook - The company anticipates moderate top-line growth in 2026, focusing on optimizing player acquisition and retention aligned with financial resources and market conditions [9] - Management has developed a cash flow forecast indicating the ability to meet obligations, though there are risks related to potential breaches of debt-related covenants [10]

Core Insights - NorthStar Gaming Holdings Inc. has launched a new website called "The Boost" aimed at Canadian gaming enthusiasts, featuring original casino and sports betting content [1][2] - The Boost will enhance customer acquisition by making content more accessible through search and social media, leveraging existing content from NorthStar Bets [2][3] - The site aims to increase brand awareness in Alberta as the company anticipates entering a regulated market in the province in 2026 [3] Content Features - The Boost will provide daily updated content from local staff writers, including original articles on sports events, betting strategies, and casino tips [5][7] - The site will also feature comprehensive statistics for major sports, injury updates, and responsible gaming resources [7][8] - Content will be supported by a newly branded X account "@TheBoostCA" to direct followers to timely articles [5] Business Strategy - The launch of The Boost reflects NorthStar's commitment to providing premium, locally relevant betting content, which is a core differentiator for the company [3][8] - The Boost branding is designed to enhance bettors' confidence and knowledge, promoting responsible gambling practices [4][8] - NorthStar aims to set a new standard in the industry by delivering a high-quality product and exceptional personalized service [8]

Core Viewpoint - NorthStar Gaming reported strong financial results for Q2 2025, showcasing double-digit revenue growth and a record gross margin, indicating a scalable growth model and a path towards profitability [1][2]. Financial Highlights for Q2 2025 - Revenue reached CAD 8.5 million, a 15% increase from CAD 7.4 million in Q2 2024, with managed services revenue more than doubling to CAD 0.9 million, up 125% from CAD 0.4 million [5]. - Gross margin was CAD 3.5 million, a 25% increase from CAD 2.8 million in Q2 2024, with the gross margin percentage rising to 40.8%, up from 37.6% [5]. - Profit before marketing and other expenses was CAD 0.7 million, an 87% increase compared to CAD 0.4 million in Q2 2024 [5]. - General and administrative expenses were CAD 2.7 million, a 14% increase from CAD 2.4 million in Q2 2024, primarily due to one-time expenses related to financial restatement [5]. - Marketing expenses decreased by 16% to CAD 3.1 million, representing 35.8% of revenue compared to 48.8% in Q2 2024 [5]. Financial Highlights for YTD 2025 - Revenue for the six-month period was CAD 16.4 million, a 23% increase from CAD 13.4 million in YTD 2024, including CAD 1.1 million from managed services, up 120% from CAD 0.5 million [5]. - Gross margin was CAD 6.5 million, a 39% increase from CAD 4.7 million in YTD 2024, with the gross margin percentage increasing to 39.7% from 34.9% [5]. - Profit before marketing and other expenses was CAD 1.3 million compared to a loss of CAD 0.1 million in YTD 2024 [5]. - General and administrative expenses were CAD 5.2 million, an 8% increase from CAD 4.8 million in YTD 2024, with a decrease in G&A as a percentage of revenue to 29.7% from 35.9% [5][6]. Recent Operating Highlights - The "Summer of Spoils" marketing campaign was launched, focusing on brand loyalty and player engagement [12]. - Customer retention reached record levels, with a 10% decrease in cost per acquisition of a customer compared to Q2 2024 [12]. - A comprehensive upgrade of the Casino UI/UX was initiated to enhance customer experience [12]. - A new partnership with Snappy Inc. was established to provide personalized gifting for NorthStar ELITE members [12]. Outlook - The company expects continued solid year-over-year growth driven by improvements in business fundamentals and KPIs, with a focus on financial discipline and cost management [8].

Core Viewpoint - NorthStar Gaming Holdings Inc. has approved the grant of equity incentive awards to non-executive directors as a substitute for cash compensation, reflecting the company's strategy to reduce costs [1][2]. Group 1: Equity Incentive Awards - The company granted a total of 5,078,913 deferred share units (DSUs) to non-executive directors for their services in 2024 [2]. - The DSUs will vest immediately and can only be redeemed when a director ceases to hold their position [2]. - This move is part of the company's ongoing efforts to manage expenses effectively [2]. Group 2: Company Overview - NorthStar operates NorthStar Bets, a Canadian casino and sportsbook platform designed for high-stakes players, offering a premium gaming experience [3]. - The platform features a curated selection of popular games and an exclusive Sports Insights feature that integrates betting guidance, statistics, and scores [3]. - NorthStar aims to set a new standard in the industry by providing high-quality products and exceptional personalized service [4].