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.

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 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. It also narrowly avoided losing its licence in NSW.