Shares of Star Entertainment (ASX:SGR) have fallen a record 19.7% to A$0.603 as the company announces capital restructuring plans that include raising A$750 million at A$0.60 per share.

This represents a 20% discount to the closing price on Friday.

The stock resumed trading on Wednesday following a halt since the close of the market on Friday.

Star Entertainment is currently the highest loss maker in the benchmark ASX 200 index.

Analysts at Morningstar expressed their surprise at this second capital raise for the company, coming only seven months after a raise in February.

In light of the company’s current financial struggles, the brokerage has reduced its fair value estimate for the casino group by 33% to A$1.20 per share.

Nearly 16.5 million shares have been traded compared to the 30-day average of 7.6 million shares.

As of the last close, the stock is down 54% for the year.

Star Entertainment (ASX:SGR) is a casino operator known for its capital restructuring plans.