Canada-facing operator NorthStar Gaming Holdings has announced that Michael Moskowitz exited as CEO of the business with immediate effect.
Moskowitz took on the role in October 2021, also serving as a director and founding partner. However, he has now left the company and stepped down as chair of its board.
NorthStar Gaming did not disclose the reasons behind the departure. However, it did report that Corey Goodman, chief development officer and general counsel, would serve as interim CEO while a permanent replacement is found.
Goodman, who co-founded NorthStar Gaming, has vast experience in iGaming, operational realignment, corporate restructuring and capital markets. The operator said he would focus on refining cost structure, strengthening operational discipline and driving improvement across revenue and profitability.
“Mr Goodman has been an essential contributor since the founding of the company,” said director Dean MacDonald. “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.”
MacDonald takes over as chair at NorthStar
NorthStar Gaming also reported that Dean MacDonald would become its new chair with immediate effect. MacDonald has served on the company’s board of directors since 2023.
In addition, Barry Shafran resigned from the NorthStar board, again with immediate effect. NorthStar did not state why Shafran had elected to step down but did state it would seek an additional independent director in due course.
Shafran also served as chair of the board’s audit committee, with NorthStar set to appoint a replacement in due course.
“NorthStar will continue to update stakeholders as it advances its operational and financial priorities,” the operator said.
The company owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform. Its share price dropped 20% after news broke that Moskowitz was to leave the business.
NorthStar on track to hit full-year targets
The change in leadership came just two weeks after NorthStar Gaming published its Q3 results, which reported a 4% year-on-year increase in revenue to CA$6.9 million (US$5 million). This, the operator said, was despite player-friendly outcomes during the three months to 30 September.
However, while the company returned to a positive operating profit in Q3, posting $221,000, it ended the three-month period with an increased net loss. The reported loss of $4.1 million surpassed last year’s $3.7 million.
That said, NorthStar said it remained on track to hit its full-year targets. Revenue in the nine months to the end of September was $23.3 million, an increase of 16.5%.
“The third quarter of 2025 represented overall growth in NorthStar’s revenue at a time where the company’s business is maturing and the Ontario iGaming market continues to evolve,” Moskowitz said at the time.
Michael Moskowitz had served as CEO of NorthStar since October 2021.