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Derek Rose

Star raising $800m after $988m hit on Sydney casino

Robbie Cooke Sydney Star Entertainment Star Sydney New South Wales Entertainment

Star Entertainment is raising $800m at a deep discount as it looks to strengthen its balance sheet. (James Gourley/AAP PHOTOS) (AAP)

Star Entertainment is raising $800 million at a deep discount as it looks to strengthen its balance sheet after having to pay $100m fines in both NSW and Queensland.

The casino company announced on Thursday it would raise the funds at $1.20 per share, a 21.1 per cent discount to its last trading price.

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