NorthStar Gaming appointed Corey Goodman as permanent chief executive on August 17, 2026, and replaced its chief financial officer as the Ontario operator works to complete three years of outstanding audits. The changes place financial reporting and corporate controls at the centre of the company’s efforts to compete in Ontario’s regulated iGaming market. NorthStar Gaming announced the appointments.

Goodman had served as interim chief executive since December 8, 2025. The company said he led a period of financial and operational stabilization while it addressed unresolved audit and reporting matters.

Finance change during unfinished audits

Chin Dhushenthen resigned as chief financial officer effective August 17. He will remain as an adviser during the audit process. Ben Powell, who has worked at NorthStar since its inception, became interim chief financial officer on the same date.

NorthStar also appointed Krisztina Kalla as vice-president of compliance and hired a Chartered Professional Accountant on a consulting basis. The company said the changes are intended to strengthen its finance, accounting and compliance functions.

Davidson & Company LLP is auditing NorthStar’s financial statements for the fiscal years ended December 31, 2023, 2024 and 2025. The company expects the three audits to be completed concurrently later in 2026. That timetable is a management expectation, not a completed filing. NorthStar Gaming’s announcement did not report completed audits.

The disclosure problem predates the leadership reset

On May 7, 2026, NorthStar disclosed that the Ontario Securities Commission had issued a failure-to-file cease trade order after the company missed filings for the year ended December 31, 2025.

The company also said its former auditor, KPMG LLP, withdrew an earlier audit report and raised unresolved questions about systems and controls linked to a technology vendor.

KPMG resigned effective May 29. NorthStar appointed Davidson as successor auditor on July 2. The company said Davidson would examine the outstanding financial statements.

NorthStar disputed KPMG’s position and said it continued to believe its earlier statements fairly presented its financial position. Those statements are part of the company’s disclosed position and do not replace the outstanding audits or required filings. NorthStar’s disclosure described the dispute.

The immediate test for management is whether NorthStar can restore timely, auditable financial reporting while maintaining its regulated Ontario operation.

Pressure from Ontario’s competitive market

NorthStar operates NorthStarBets.ca under an operating agreement with iGaming Ontario and registration with the Alcohol and Gaming Commission of Ontario.

iGaming Ontario listed 48 operators and 83 regulated gaming websites as of August 6, 2026. The figures underline the scale of the market in which NorthStar must maintain its operations while resolving its reporting issues.

The count excludes the Ontario Lottery and Gaming Corporation’s own online offering. iGaming Ontario’s monthly market reports also exclude OLG’s platform and pari-mutuel horse-racing wagering. The figures therefore describe the private-operator market conducted and managed through iGaming Ontario. iGaming Ontario’s operator directory provides the listed operator figures.

According to iGaming Ontario, the market generated $82.7 billion in wagers and $2.9 billion in gaming revenue during fiscal 2024-25.

  • Casino play generated $2.2 billion in gaming revenue.
  • Betting generated $654 million.
  • Peer-to-peer poker generated $59 million.

These figures show the market’s size, but they do not establish the profitability of individual operators. Gaming revenue is measured before operating costs and other liabilities.

For smaller companies, the financial challenge is converting a regulated licence, technology platform and marketing presence into enough sustained cash flow to fund compliance, staffing, customer acquisition and public-company reporting. iGaming Ontario’s annual report provides the market figures.

What changes next

  • Davidson must complete audits for 2023, 2024 and 2025.
  • NorthStar must address filings connected to the Ontario Securities Commission’s cease trade order.
  • Management must maintain its iGaming Ontario agreement and Alcohol and Gaming Commission of Ontario registration while the reporting process continues.
  • Investors will be watching for audited results, possible restatements and evidence of stable finance and compliance controls.

NorthStar’s August 17 announcement changes its leadership structure, but it does not resolve the underlying disclosure issue. The company’s next major milestone is the filing of audited statements, not the appointment itself.