** 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;))