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.
NorthStar’s planned expense cuts target its cost base, with the revised run rate expected to appear from 2027.
Financial year ended 31 December 2024
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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.
NorthStar Gaming Holdings said revenue rose 4% year over year to CAD6.9 million in the three months ended 30 September 2025. Gross margin increased 14% to CAD2.4 million, while marketing spend fell 21% to CAD2.3 million. The company launched The Boost in October and said it expects to enter Alberta’s regulated market sometime in 2026.
Full House Resorts announced an $8 million cost-saving initiative at its Chamonix Casino Resort in Colorado during its third-quarter conference call. Company president Lewis Fanger said the changes include ending room service, bringing housekeeping and laundry in-house, and reducing restaurant hours; CEO Dan Lee said the resort was not for sale but that the company would consider offers.
Chamonix Casino Resort in Colorado, which is underperforming, dominated Full House Resorts' third-quarter conference call. The property received an announced $8 million cost-savings initiative.
Macau Legend Development said revised bank-loan arrangements have extended repayment periods on two facilities to 2030, and that it has begun repayments under the new terms. As of 31 October 2026, HK$1.96 billion remained outstanding on a HK$2.3 billion term facility; the company said HK$4.5 million had been repaid.
Macau Legend Development has begun repaying bank loans under revised arrangements as it works to address the issues behind its auditor’s disclaimer of opinion, the company said. Further steps may still be necessary to resolve those issues.