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Northstar Gaming Holdings Inc ( (TSE:BET) ) has provided an announcement.
NorthStar Gaming Holdings Inc reported record highs in wagers, revenue, and margin for the fourth quarter and full year of 2024. The company’s strategy of focusing on product innovation and customer experience has resulted in a 42% increase in wagers and a 31.6% rise in gross gaming revenue for Q4 2024 compared to the previous year. For the full year, wagers increased by 51%, and revenue grew by 53.1%, highlighting the company’s strong operational performance. The gross margin also saw a substantial increase, demonstrating the scalability of NorthStar’s business model.
More about Northstar Gaming Holdings Inc
NorthStar Gaming Holdings Inc operates within the gaming industry, providing a platform called Northstarbets.ca. The company focuses on product innovation and customer experience enhancement, which is evident in its significant growth in wagers, revenue, and gross margins.
YTD Price Performance: 62.50%
Average Trading Volume: 285,637
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$7.66M
See more insights into BET stock on TipRanks’ Stock Analysis page.