![]() ![]() Mr Cooke said the previous share price – the company traded higher than $5 per share in 2018 – was fuelled by “unlawful behaviour and criminals”. “Without the two raisings the company would have been bankrupt.” “The most bizarre thing is this is marginally more than what you have raised,” Mr Kingston said. One investor at the meeting, former Rothschild investment banker David Kingston, told Mr Cooke he should be embarrassed by the share price performance, noting the company’s market value of $1.6 billion was almost an identical amount to money raised in February and September. Star’s share price has fallen 70 per cent since Mr Cooke was appointed in October last year, and the company has been forced to raise $1.6 billion in that time. Star boss Robbie Cooke said the company remains committed to change. It also narrowly avoided losing its licence in NSW. Star has written down the value of its casinos in Sydney, Gold Coast and Brisbane by $2.2 billion and faces major penalties after being sued by AUSTRAC for anti-money laundering failures. Mr Foster and Robbie Cooke, the casino operator’s chief executive, faced irate shareholders at the company’s annual meeting on the Gold Coast on Thursday after a difficult 12-month period. Star Entertainment chairman David Foster has told investors the company had no intention to raise more money – “based on what we know today” – after finding $1.6 billion in new funds in the last seven months. ![]()
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