Australia's Star Entertainment raising $545m after record loss, suspends dividends

Australia's Star Entertainment raising $545m after record loss, suspends dividends

FILE PHOTO: Visitors participate in a game at Sydney's Star Casino, February 15, 2016. REUTERS/Jason Reed

Star Entertainment Group Ltd said it was raising A$800 million ($545 million) to repay debt and suspending dividend payments, as it turned in a record statutory loss for the first half of the year amid tough business conditions in Sydney.