NorthStar Gaming Acknowledges AGCO Order of Monetary Penalty

Company Continues to Make Significant Enhancements to Its AML and Compliance Program

Toronto, Ontario--(Newsfile Corp. - August 27, 2026) - NorthStar Gaming Holdings Inc. (TSXV: BET) ("NorthStar" or the "Company") today acknowledges receipt of an Order of Monetary Penalty (the Order) from the Alcohol and Gaming Commission of Ontario (AGCO) in respect of its licensed subsidiary, NorthStar Gaming (Ontario) Inc. NorthStar has agreed to settle the matter for $80,000.

The Order relates to a single player account during the period of March 2024 to June 2025. During such period, the AGCO found that NorthStar did not meet the enhanced due diligence requirements of the Registrar's Standards for Internet Gaming (the Standards) applicable to a player whose recorded occupation and deposit activity required escalated monitoring. NorthStar does not dispute the AGCO's finding and has cooperated fully with the AGCO throughout the investigation

Since the period covered by the Order, NorthStar has made substantial investments in its AML and compliance program, including the appointment of a new Vice President of Compliance and additional compliance staff, the expansion of its Compliance Committee with experienced industry members, the completion of an independent external compliance effectiveness review, material enhancements to its risk scoring and player classification systems, and the formalization of escalation procedures.

"We take our AML obligations seriously and we accept responsibility for the matters identified in this Order," said Corey Goodman, Chief Executive Officer of NorthStar. "The conduct at issue is confined to a specific period that is now behind us. We have invested significantly in our compliance program since then and we are committed to meeting the highest standards expected of us as a licensed internet gaming operator in Ontario."

NorthStar is committed to its ongoing cooperative relationship with the AGCO and to full compliance with its obligations under the Standards.

About NorthStar

NorthStar Gaming Holdings Inc. (TSXV: BET) is an Ontario-based iGaming operator. Through its subsidiary, the Company operates NorthStarBets.ca, a premium iCasino and sportsbook, pursuant to an Operating Agreement with iGaming Ontario and a registration with the Alcohol and Gaming Commission of Ontario. NorthStar's technology platform is provided by Playtech plc, a leading global provider of iGaming technology and the Company's largest shareholder.

NorthStar is listed in Canada on the TSX Venture Exchange ("TSXV") under the symbol "BET" and in the United States on the OTCQB under the symbol "NSBBF". For more information on the Company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note Regarding Forward-Looking Information and Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws ("forward-looking statements"), including, without limitation, statements with respect to: the Company's future compliance with applicable internet gaming regulations. The foregoing is provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Forward-looking statements are based on management's opinions, estimates and assumptions, that, while considered by NorthStar to be appropriate and reasonable as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, the following: the Company's ability to operate as a going concern and to implement robust compliance programs, availability and cooperation of third parties, risks related to the Company's business and financial position, including, but not limited to, compliance with debt-related covenants, risks associated with general economic conditions, the effect of capital market conditions and other factors on capital availability, adverse industry risks, future legislative and regulatory developments, the ability of the Company to implement its business strategies, including, but not limited to, its cost reduction and operating initiatives, and those factors discussed in greater detail under the "Risks and Uncertainties" section in the Company's Management's Discussion and Analysis dated November 27, 2025, which is available under NorthStar's profile on SEDAR+ at www.sedarplus.ca. Many of these risks are beyond the Company's control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking statements prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date made. The forward-looking statements contained in this news release represent NorthStar's expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention, obligation or undertaking to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable Canadian securities laws.

All of the forward-looking statements contained in this news release are expressly qualified by the foregoing cautionary statements.

For further information

Corey Goodman
Chief Executive Officer
NorthStar Gaming Holdings Inc.
Phone: 647-530-2387
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311884