Star Entertainment has asked lenders to relax rules on loan repayments and explore liquidity options as it tries to shore up its financial viability and execute a new strategy under recently installed chief executive Steve McCann.
The group, which operates casinos in Sydney, the Gold Coast and Brisbane, has also asked the NSW and Queensland governments for tax relief as part of a wider financing package designed to shore up its near-term finance.
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Zoe Samios covers wagering and the business of sport from the AFR's Sydney newsroom. She was previously the media and telecommunications reporter for The Sydney Morning Herald and The Age, and covered media at The Australian. Connect with Zoe on Twitter. Email Zoe at zoe.samios@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
