NEW YORK (TheStreet) -- Shares of MGM Resorts International (MGM) - Get Report are down by 2.73% to $20.34 in early afternoon trading on Tuesday, after Deutsche Bank (DB) - Get Report recommended selling all six of the Macau casino operators as investment banks aren't seeing a recovery in China's gambling district coming up in the near future, Bloomberg reports.

Deutsche Bank analyst Karen Tang believes the opening of two new gaming venues this year isn't going to be enough to increase demand in the region, Bloomberg noted.

Revenue in Macau has been on the decline since the Chinese government began its anti-corruption crackdown, which has kept a number of high stakes VIP players away from the gaming tables.

In February Macau reported a 49% decline in gaming revenue.

"I don't think brokers are encouraged enough to recommend buying at this moment. The number of visitors is dropping due to China's anti-corruption policies and operating costs are rising," Tang said in the note, Bloomberg added.

Separately, TheStreet Ratings team rates MGM RESORTS INTERNATIONAL as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate MGM RESORTS INTERNATIONAL (MGM) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, generally higher debt management risk and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• 36.85% is the gross profit margin for MGM RESORTS INTERNATIONAL which we consider to be strong. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of -14.34% is in-line with the industry average.
• MGM RESORTS INTERNATIONAL has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, MGM RESORTS INTERNATIONAL continued to lose money by earning -$0.32 versus -$0.35 in the prior year. This year, the market expects an improvement in earnings ($0.49 versus -$0.32).
• Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.6%. Since the same quarter one year prior, revenues slightly dropped by 5.1%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
• The debt-to-equity ratio is very high at 3.46 and currently higher than the industry average, implying increased risk associated with the management of debt levels within the company. Along with the unfavorable debt-to-equity ratio, MGM maintains a poor quick ratio of 0.81, which illustrates the inability to avoid short-term cash problems.
• The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Hotels, Restaurants & Leisure industry. The net income has significantly decreased by 502.5% when compared to the same quarter one year ago, falling from -$56.81 million to -$342.26 million.
• You can view the full analysis from the report here: MGM Ratings Report