NEW YORK (TheStreet) -- Las Vegas Sands (LVS) shares are down -3.5% to $74.71 on Tuesday following disappointing Macau gambling revenue growth during the month of May.
Revenue in the Chinese gambling tourist destination rose 9.3% to $4.1 billion from a year ago, well below Bloomberg News analysts estimates of 14.5% growth. Revenue rose 10.6% in the month of April.
Wynn Resorts (WYNN) is also taking a hit on the news, down -3.3% to $210.80.
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TheStreet Ratings team rates LAS VEGAS SANDS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate LAS VEGAS SANDS CORP (LVS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."