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AAP
AAP
Bray Boland and Derek Rose

Fallen star: $500 million wiped from Star on ASX

ASX Star Entertainment Entertainment
Star Entertainment Group shares are down 44.4 per cent to an all-time low of 25 cents. (Dan Himbrechts/AAP PHOTOS)

Star Entertainment shares have plunged in heavy trading after they resumed trading on the Australian Securities Exchange for the first time in a month.

Star shares were down 44.4 per cent to an all-time low of 25c about 1pm AEST on Friday, meaning the embattled casino company's market capitalisation has fallen from $1.29 billion to $724 million.

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