Shares of Australia’s Star Entertainment (ASX:SGR) have plummeted 13.5% this week, potentially marking their worst week since February 17 if the losses persist.

The casino operator saw a record low this Wednesday as it resumed trading following its announcement of plans to raise A$750 million to undergo capital restructuring.

The company intends to raise the capital at 60 Australian cents per share, a 20% discount to the stock’s closing price from last Friday.

Star Entertainment’s stock rose marginally by 0.4% to A$0.6025.

As of its last closing, the stock has seen a heavy decline of approximately 60% Year to Date.

Star Entertainment is a leading casino operator in Australia.