On Monday afternoon, NorthStar Gaming Holdings Inc. made the unexpected announcement that Michael Moskowitz will no longer serve as the company's CEO and chair of the board of directors, effective immediately.

There was no explanation provided for the reorganization.

NorthStar is the owner and operator of NorthStar Bets, a casino and sportsbook platform located in Toronto. The board appointed Corey Goodman as interim CEO. Goodman was the company's general attorney and chief development officer most recently.

Goodman is a co-founder of NorthStar and has expertise in financial markets, business restructuring, operational realignment, and online gaming. In May 2022, Moskowitz, in his capacity as CEO, managed the introduction of NorthStar Bets into Ontario's regulated iGaming industry.

No explanations were provided.

In 2023, Dean MacDonald was appointed chair of the company's board of directors. With immediate effect, Barry Shafran has resigned from the board. The business stated that after the board has made up its mind, it would announce the appointment of another independent director. Shafran has been the Audit Committee's chair.

"Mr. Goodman has been an essential contributor since the founding of the Company,” said MacDonald, in a statement. “The Board has full confidence in his leadership and his deep knowledge of our business. His balanced and disciplined approach will help ensure continuity while we focus on strengthening performance and positioning NorthStar for long-term growth.”

The fact that NorthStar is a Canadian enterprise has long been emphasized. The company's Q3 2025 financial figures were made public on November 27. At $6.9 million, revenue increased by 4% over the previous year. The gross margin increased by 14% to $2.4 million from $2.1 million in the third quarter of 2024. After reporting a $0.5 million loss in Q3 2024, the company's profit before marketing and other expenses was $0.2 million, an improvement of $0.7 million.

Board Modifications as well

Moskowitz has stated that when the regulated iGaming market launches in 2026, the company plans to expand to Alberta. The debut of The Boost, a platform that offers unique casino and sports betting content created for Canadian gaming aficionados, was one of NorthStar's highlights for the quarter.

The Boost makes use of material that is currently created for the business's NorthStar Bets platform. According to the corporation, having a dedicated off-platform website like this will increase the accessibility of its original content on social media and search engines.

“Looking ahead to 2026, the Company has adjusted its strategy to focus on a disciplined approach to optimize player acquisition and retention where these investments align with our financial resources and market conditions,” Moskowitz said in last week’s statement.