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An update from Northstar Gaming Holdings Inc ( (TSE:BET) ) is now available.
NorthStar Gaming Holdings Inc. reported a strong financial performance for the year ending December 31, 2024, with a 57% increase in revenue and a 91% rise in gross margin. The company also improved its operating leverage by limiting marketing expenses and reducing general and administrative costs. Key developments include the launch of the NorthStar Elite program and enhancements to their gaming platform, which have bolstered customer retention and engagement. The company also completed a significant debt financing of $43.4 million, providing capital to support continued growth in wagering and gross margins.
More about Northstar Gaming Holdings Inc
NorthStar Gaming Holdings Inc. operates in the gaming industry, offering a premium sportsbook and casino platform known as NorthStar Bets. The company focuses on providing innovative gaming experiences and has introduced features like personalized prop bets and intelligent parlay suggestions to enhance customer engagement.
Average Trading Volume: 142,356
Technical Sentiment Signal: Hold
Current Market Cap: C$7.07M
For detailed information about BET stock, go to TipRanks’ Stock Analysis page.