NorthStar secures $3m short-term financing from Playtech
NorthStar Gaming Holdings said it secured $3m through an unsecured, interest-bearing promissory note from Playtech. The note carries 8% annual interest and is due on 25 April 2025, or when the company or its subsidiaries complete qualifying additional financing of at least $10m, subject to exceptions.
The financing provides NorthStar with funds for growth and general corporate purposes while adding repayment and interest obligations.