NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. (LVS) - Get Report are down by 0.91% to $55.53 at the start of trading on Monday morning, following reports noting that officials in China's Macau gambling district believe that gaming revenue for the year will decline further than expected.

Macau has forecast for average gross monthly gaming revenue of 20 billion patacas ($2.5 billion) for 2015, down from its earlier expectations of $27.5 billion patacas, Bloomberg reports Macau district Chief Executive Fernando Chui as saying.

Chui went on to discuss how Macau has entered into an "adjustment" period of slower growth and that it needs to develop a wider range of attractions in order to bring tourists in from across the globe.

"Even though the economy has faced major difficulties and challenges, the overall fundamentals of the economy are good. The pace of the economic growth has slowed, prompting us to accelerate economic diversification," Chui told city legislators Monday, Bloomberg added.

High stakes VIP gamblers have been avoiding the Macau gambling hub since the Chinese government began its anti-corruption crackdown.

Separately, TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, notable return on equity, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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

• The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Hotels, Restaurants & Leisure industry average. The net income increased by 24.9% when compared to the same quarter one year prior, going from $577.54 million to $721.31 million.
• Current return on equity exceeded its ROE from the same quarter one year prior. This is a clear sign of strength within the company. When compared to other companies in the Hotels, Restaurants & Leisure industry and the overall market, LAS VEGAS SANDS CORP's return on equity exceeds that of the industry average and significantly exceeds that of the S&P 500.
• 47.92% is the gross profit margin for LAS VEGAS SANDS CORP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 21.11% is above that of the industry average.
• Even though the current debt-to-equity ratio is 1.39, it is still below the industry average, suggesting that this level of debt is acceptable within the Hotels, Restaurants & Leisure industry. Despite the fact that LVS's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.85 is high and demonstrates strong liquidity.
• Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.3%. Since the same quarter one year prior, revenues slightly dropped by 6.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
• You can view the full analysis from the report here: LVS Ratings Report