NorthStar Gaming said Michael Moskowitz has left his roles as CEO and board chair, with no reason given. Co-founder Corey Goodman will become interim CEO, and board member Dean MacDonald will take over as chair; director Barry Shafran has also resigned.
The leadership changes affect NorthStar’s executive management and board oversight.
Financial year ended 31 December 2024
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The Ontario Securities Commission issued a failure-to-file cease trade order against NorthStar Gaming after it failed to file audited 2025 financial statements, related management discussion and analysis, and executive certifications. NorthStar said its auditor withdrew its report over concerns about controls for a vendor’s player account management software; the company’s annual meeting was postponed, while NorthStar Bets continued operating.
NorthStar Gaming said it plans to cut general and administrative expenses by about CA$3 million this year, with most of the measures already implemented. Management is also pursuing efficiencies in advertising, vendors and services, while the revised expense run rate is expected to be fully reflected from 2027.
RubyPlay partnered with NorthStar Gaming to add RubyPlay and Koala Games titles to NorthStar’s casino platform in Ontario, the companies said. NorthStar’s Dean MacNeil said the content would broaden its offering; RubyPlay’s Eyal Loz said the partnership would expand its reach in the province.
Ontario’s Alcohol and Gaming Commission (AGCO) fined NorthStar Gaming (Ontario) Inc. C$100,000 over alleged breaches of provincial anti-money laundering requirements. AGCO said the operator did not apply enhanced due diligence or verify a customer’s source of funds after its own procedures’ C$25,000 deposit threshold was reached in March 2024. NorthStar may request a hearing before the Licence Appeal Tribunal within 15 days of receiving the order.
AGCO agreed an $80,000 monetary settlement with NorthStar Gaming in Ontario. The regulator alleged that the operator allowed a high-risk player to continue gambling despite apparent money laundering risks.