But the company also announced $800 million in equity raising to steady the turbulence seen in the half-yearly results.If equity raising is completed, then covenant relief will be secured for the group from both bank lenders and noteholders - who are owed $1.1 billion - through to June 2025.
Star group CEO and managing director Robbie Cooke said the company will continue to work with the Sydney and Queensland casinos to return the venues to "suitability".
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