NEW YORK (TheStreet) -- Las Vegas Sands (LVS) shares are down 1.12% to $58.13 in trading on Tuesday following the release of the lastest revenue numbers from Las Vegas and Nevada by the Nevada Gaming Control Board.
State officials reported that gambling revenue in November was basically flat with the state's casinos bringing in $876 million during the month.
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Gambling revenues on the Las Vegas Strip were down 4% year over year to $508 million though downtown revenue was up 13% over last year to $43 million during the month.
The state said that it collected $47 million in taxes from that monthly revenue, a 5% decline from the same period last year.
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 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."