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NorthStar secures $3m short-term financing from Playtech

Funding

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.

End-of-day close NorthStar Gaming (BET), CAD, to 31 October 2024
Story date2 August 202431 October 2024

Latest reported results

Playtech LSE: PTEC

Financial year ended 31 December 2025

Revenue
EUR 763.6m
Operating income
−EUR 90.5m

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Regulation

Brazilian government prohibits fixed-odds betting under MP 1,394/2026

Brazil’s MP 1,394/2026 prohibits fixed-odds betting, according to a report discussing the measure and its effects on licensed operators. The report says 85 operators paid R$30 million each for five-year authorisations, totalling R$2.55 billion, and that the government will not refund fees for unused periods. Finance Minister Dario Durigan said investors would have predictability in Brazil.

Brazil's government has prohibited fixed-odds betting through MP 1,394/2026, according to the report. The measure ends authorisations that had been active for 22 months. The government will not refund the authorisation fees or the portion covering the remaining period, the report says.

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