NEW YORK (TheStreet) -- Las Vegas Sands (LVS) and other Macau-related stocks received a revenue warning by analysts at Credit Suisse, saying tighter rules for transit visas and disruption from President Xi Jinping's visit will drive December gaming revenue down by at least 26% from a year ago, according to Macau Business Daily.
Credit Suisse analysts forecast the decline in revenue with a downside risk and maintained its "cautious view on the sector short run," meaning they are anticipating a further decline, Macau Business Daily added.
Similarly, analysts at Deutsche Bank expects casino revenue to decline by 21.2% in December year over year.
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Macau is the only region in China where casinos are legal.
Shares of Las Vegas Sands are slightly up 0.31% to $59.19 in early market trading today.
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 number of 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 growth in earnings per share, expanding profit margins, good cash flow from operations, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."