NEW YORK (TheStreet) -- Shares of Las Vegas Sands Corp. (LVS) are lower by -0.87% to $73.21 in mid morning trading on Friday, following a report that July casino revenue for China's Macau gambling district fell for a second month in a row, the Associated Press reports.
The 3.6% drop in revenue is a result of high rollers staying away from the gambling district, as Beijing continues to work to end corruption in the region.
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Another factor that effected Macau's July revenue was this year's World Cup, which shifted gamblers focus from the tables to the matches, according to AP.
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 a few notable strengths, 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 revenue growth, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."