** Star Entertainment SGR.AX set to plunge 4.5% this month, on track for its eighth straight month of losses
** Earlier this month, the embattled gambling operator agreed to A$250 mln ($160.3 mln) recapitalisation package from U.S.-listed Bally's BALY.N, giving it control of 56.7% of SGR
** SGR reported bigger-than-feared H1 net loss on April 15 and resumed trading in its shares a day later
** Trading was suspended since February for not reporting financial results
** In mounting trouble, SGR swings to operating loss in Q3; rev down 35% y/y
** SGR up 2.4% on the day, trimming YTD losses to 44.7%
($1 = A$1.5601)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))
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