NorthStar Gaming has posted a 26 per cent quarterly increase in gross gaming revenue for Q2 to CA$5.5m, up from $4.4m in Q1.
Gaming revenue reached $4.6m in Q2, jumping 27 per cent from $3.6m in Q1.
NorthStar’s gross margin was $1.9m, or 40 per cent of gaming revenue, an increase of 61 per cent from Q1, when gross margin was 32 per cent of gaming revenue.
Total wagers for the company tallied at $160.1m, climbing 15 per cent from $139.5m in Q1.
Slapshot Media contributed $3m of total wagers and $0.1m of gaming revenue following its acquisition by NorthStar in May.
Michael Moskowitz, chair and CEO of NorthStar, said: “Our second quarter growth was driven by increases in accounts and wagering activity as our differentiated, premium product continues to attract and engage customers.
“Our integrated editorial content is proving to be increasingly popular with customers looking for insights to improve their betting experience. As the business scales, we are delivering improved financial performance through operating leverage with revenue growth expected to continue to outpace expenses."
