Why Las Vegas Sands (LVS) Stock Is Down Today

NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. (LVS) are lower by -2.15% to $72.85 on Monday following news that June gaming revenue growth for the Macau gambling province in China is weaker than expected, according to Wells Fargo (WFC).

The firm says revenue is trending from 1% to 5% year-over-year, while analysts expected growth of 6.5%.

For the month of May analysts were expecting a 14.5% increase in revenue but Macau posted a 9.4% increase.

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On Monday shares of other companies in the casino industry, such as Wynn Restorts (WYNN), and MGM Resorts (MGM), also fell as a result of the revenue report.

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."

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