** Shares of Australia's Star Entertainment SGR.AX set to fall more than 61% in 2024, poised for a third consecutive annual loss
** Casino operator's stock rises as much as 7.9% on Friday, last at A$0.2; stock had hit a record high of A$5.50 in 2018
** Stock slumped over 2024 on regulatory crackdown, rising costs at Queensland operations, debt restructuring with lenders and an executive shake-up that saw its CEO and chairman both leaving
** Investment research firm Morningstar recently gave an extreme uncertainty rating even though shares look undervalued
** The embattled firm has been in the eye of a perfect storm that has hit Australian casino operators for years
** Star and larger rival Crown have faced multiple regulatory inquiries, as well as a drop in tourist visits and lengthy closures
** Brokerage Jefferies in an October note flagged limited catalyst for an earnings turnaround for Star
Star Entertainment https://tmsnrt.rs/41S8eB0
(Reporting by Rishav Chatterjee in Bengaluru)
((Rishav.Chatterjee@thomsonreuters.com;))
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