Mr. Corey Goodman reports
NORTHSTAR ANNOUNCES CHANGE OF AUDITOR
Northstar Gaming Holdings Inc.'s auditor, KPMG LLP, has resigned effective May 29, 2026.
The company's board of directors and audit committee have accepted the resignation of the former auditor. The appointment of a new auditor is currently under review by the board and the audit committee and discussions have taken place with a potential successor auditor to fill the vacancy as required under National Instrument 51-102 -- Continuous Disclosure Obligations.
In accordance with NI 51-102, Northstar delivered a copy of a change of auditor notice to the former auditor, and the former auditor has provided its written response confirming that it agrees with the statements set forth in the notice, both of which have been filed on SEDAR+. As soon as the successor auditor has been appointed, the company will file a further news release confirming such appointment and whether the successor auditor agrees with the statements in the notice.
The former auditor's reports with respect to Northstar's financial statements for the period commencing at the beginning of the company's two most recently completed financial years and ending on the date of the former auditor's resignation did not contain a modified opinion. However, there is a "reportable event" with respect to an "unresolved issue" (as such terms are defined in NI 51-102) related to the former auditor's requests for additional information and audit evidence regarding certain systems and controls relevant to the company's audits. The former auditor advised the company that, without additional information, it was unable to complete certain audit procedures and took the position that it could not continue to rely on previously issued auditor's reports.
Northstar has authorized the former auditor to respond fully to inquiries by the successor auditor, once appointed, concerning the matter.
About Northstar Gaming Holdings Inc.
Northstar proudly owns and operates Northstar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, Northstar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience.
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