Northstar Gaming posts improved Q3 gross margin of CA$2.4m
The Canadian operator has demonstrated 4% year-over-year growth for Q3, but also indicated the potential need for refinancing in 2026.
3 min read • Nov 28 • By
Rory Calland
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Z-Gaming
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Vegangster
1spin4win
GammaPlus
ReferOn
Imagine Live
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Euro Games Technology
GR8_TECH
Makeberry Affiliates
Titans
JDB Gaming
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BetConstruct
GammaStack
Global Gaming Awards
Logifuture
OMNIPLAY
DATA.BET
AMATIC Online
N1 Partners
bet365 Partners
DYG
Galaxsys
The Canadian operator has demonstrated 4% year-over-year growth for Q3, but also indicated the potential need for refinancing in 2026.
UK Chancellor Rachel Reeves has shared the full Autumn Budget with the public, here we put the Government's motivations under the magnifying glass.
CEO Neal Menashe described the RGD increases as 'reasonable taxation of online gaming' and expects the government to provide 'strict enforcement' of non-paying offshore operators.
Flutter explained the UK Autumn Budget Statement will result in an approximate $320m adjusted EBITDA impact throughout FY2026, as well as a $540m impact for FY2027.
The operator anticipates an additional cost of approximately £200m each year following the new Budget's introduction, while Evoke estimated £125-135m in annual duty costs.
The previous agreement formed between the two entities was set to expire on December 31, 2025, as Kambi currently supports 30 Penn Entertainment properties in 13 US states.
The operator stated increases in tax payments are proportionately offset by a £6m benefit 'arising from the abolition of bingo duty' as part of the UK Autumn Budget 2025 statement.
The operator formed a multi-year partnership with the Kansas City Royals MLB franchise to gain market access in Missouri but was still under review for a sports betting license from the MGC.
Comments from legal experts including Peter Wilson and Richard Williams - alongside the UK's Gambling Commission - shed light on the potential implications of these legislative changes.
Miami International Holdings has announced the sale of 90% of its MIAX Derivatives Exchange to Robinhood Markets in partnership with SIG, while retaining a 10% stake.