Australia’s Star Entertainment Group Ltd says it has raised AU$203 million (US$135 million) following completion of a retail entitlement offer, taking the total amount of capital raised under its recent equity raising efforts to AU$800 million (US$532 million).

According to details released this week, Star’s retail entitlement offer saw 10,100 valid applications for retail entitlements were received, representing a 53% take-up rate and raising AU$107 million (US$71 million). The 80.5 million new shares that were not taken up will be allotted to sub-underwriters of the retail entitlement offer.

Star added that around 169.5 million new shares to be issued under the retail entitlement offer are expected to be allotted on Monday 20 March 2023 and to trade on the ASX from Tuesday 21 March 2023.