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NorthStar Gaming, Playtech’s Strategic Partner in Canada, Announces Q3 Results

Posted on November 21, 2023 | 7:15 am

NorthStar Gaming, the Canadian online casino and sports betting operator from Toronto, has announced its financial results for the third quarter of 2023 and the numbers show a significant increase in revenue for the company.

The Canadian company registered revenue of 4.7 million Canadian dollars in the third quarter, a figure which represents an increase of no less than 135 percent compared to the same quarter of last year.

The increase was driven by an expanding customer base, which in its turn was fueled by the company’s diversified offering. NorthStar Gaming also pointed out that its “Insights” editorial features, which give players advice on betting, also contributed to the positive financial results. The operator revealed that players who read the “Insights” ended up having 40 percent higher deposits compared to the other players.

The Canadian operator also benefited from its acquisition of Slapshot Media, which happened earlier this year. The acquired business specializes in delivering marketing and operational management services to sports betting and igaming operators and in the third quarter it managed to generate 200,000 dollars in revenue.

Moreover, NorthStar Gaming used the acquisition of Slapshot Media to back its expansion from Ontario to the other Canadian provinces. In fact, the company’s online gaming and sports betting website,, is now being made available across all provinces and territories in Canada

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Strong Growth

Speaking about the company’s results in the third quarter, Michael Moskowitz, the Chief Executive Officer of NorthStar Gaming, declared himself pleased with the “strong growth”, more so since the third quarter is a “seasonally slow” one.

“We delivered another quarter of strong growth in Q3, more than doubling last year’s results across key measures including wagers and revenue,” Moskowitz explained. The Chief Executive Officer also pointed out that the company did well in managing costs, not only when it comes to attracting more revenue.

The company’s year-to-date performance data shows a huge increase in gross gaming revenue to a total amount of 13 million dollars, representing an increase of 420 percent. Total wagers also registered an increase of 500 percent to 434.6 million dollars.

NorthStar Gaming has a strategic partnership with Playtech, the well-known global supplier of software, technology and live casino content for the iGaming industry. In February 2023 Playtech announced that it made a strategic investment of 12.25 million Canadian dollars in NorthStar Gaming. Moreover, at the end of September Playtech signed a subscription agreement with NorthStar Gaming, an agreement which gives Playtech the opportunity to expand its stake in the Canadian company with shares worth another 10 million Canadian dollars.

Source: “NorthStar Gaming Reports Triple-Digit Growth in Wagers and Revenue in Q3 2023“NorthStar Gaming. November 15, 2023.

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