Australia’s crisis-racked resort and casino operator Star Entertainment lost almost half its market value Friday, as stock trading resumed after a one-month pause.

Star slumped 41 percent by the close of Sydney trade, as the firm belatedly published earnings that showed a whopping US$1.2 billion loss in the last financial year.

The group was temporarily delisted from the Australian Securities Exchange in early September, after failing to post its annual financial results.

It is expected to cut hundreds of jobs and sell off assets as it tries to survive decimated finances, falling foot traffic and a series of scandals over lax safeguards against money laundering.

A regulator earlier this month ruled that Star was still “unsuitable” to hold a casino licence.

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