PriceSensitive

Northstar Gaming’s Q4 2024 “Best quarter in the company’s history”

Market News, Media, Technology
TSXV:BET
11 February 2025 09:51 (EDT)

Source: NorthStar Gaming Holdings.

NorthStar Gaming Holdings Inc. (TSXV:BET) has released its preliminary financial results for Q4 and the full year of 2024, showing growth across key metrics.

“We capped off a great year with the best quarter in the company’s history,” NorthStar’s Chair and CEO, Michael Moskowitz, said in a news release. “Much of our focus in 2024 was on product innovation and simplifying the customer experience, and we are seeing the results through the growth of our business. Record gross margins demonstrate the ability of our model to deliver operating leverage as the business scales.”

Preliminary Q4 2024 results

Preliminary results for FY 2024

Debt financing 

On January 27th, 2025, NorthStar Gaming Holdings announced that it had signed a credit agreement for a senior secured first lien term loan facility, providing loans up to C$43.4 million CAD (approximately C$30 million USD). This Credit Agreement is expected to strengthen the company’s balance sheet and accelerate its growth initiatives.

About Northstar Gaming

NorthStar Gaming Holdings Inc. owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience.

NorthStar Gaming Holdings stock (TSXV:BET) last traded at $0.065 and has risen more than 133 per cent in the past three months.

Join the discussion: Find out what everybody’s saying about these stocks on the NorthStar Gaming Holdings Inc. Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image via NorthStar Gaming Holdings Inc.)


Related News