Northstar Gaming has shared its third-quarter results, with revenues and costs nearly all moving in the right direction.
The Canadian operator has posted CA$6.9m (US$4.92m) for Q3, and for the nine-month period from the start of the year up until the end of September, revenues were at CA$23.3m.
For Q3, this represents year-on-year growth of 4%, and 17% for the nine months.
A slight reduction in general and administrative expenses complemented these boosted figures and have helped lead to an improved gross margin for both the periods reported on.
That margin in Q3 is CA$2.4m, where last year it stood at CA$2.1m - over the nine-month stretch, gross margin increased from CA$6.8m to CA$8.9m.
This has translated into a major turnaround of profit - last Q3, before marketing and other expenses, Northstar Gaming recorded a loss of CA$510,000, compared to a CA$221,000 profit this time around.
Michael Moskowitz, Chair and CEO of NorthStar, stated: "We maintained our track record of year-over-year growth in both revenue and gross margin in the third quarter," a fact made more impressive by across-the-board player-friendly sporting outcomes in Q3."
As far as other recent activity goes, the company is keen to highlight the launch of "The Boost," a website featuring news, insights and sporting content to help drive customer acquisition in Ontario.
Northstar also recently went live with 'Phase One' of its new casino lobby, which has attempted to deliver a "smarter, faster experience that prioritizes top-performing titles."
Looking ahead to 2026, Moskowitz declared that: "The Company has adjusted its strategy to focus on a disciplined approach to optimize player acquisition and retention where these investments align with our financial resources and market conditions."
These financial and market conditions have led the company to develop a cash flow forecast for the next year which will require it to potentially seek some form of refinancing.
The outlook says that the company will continue to monitor its liquidity position but it has also already initiated discussions with its senior lender.
Northstar's Autumn marketing campaign used "Exceptionally Canadian" as its tagline
