NEW YORK (TheStreet) --Shares of Las Vegas Sands (LVS) are down by 0.86% to $44 on Wednesday afternoon, despite a report from the Nevada Gaming Control Board that showed casino revenue in the state grew in November when compared to the same period last year.
Nevada's non-restricted gaming licensees reported a total "gaming win" of $944.3 million for last month, a 7.8% rise from the same month in 2014.
More specifically, casino revenue on the Las Vegas Strip was up by 5.4% year-over-year, downtown Las Vegas saw a 25% hike and Reno saw a 3.3% rally in casino revenue.
Las Vegas Sands is a developer of destination properties that offers accommodations, gaming, entertainment and retail, convention and exhibition facilities, celebrity chef restaurants and other amenities. The company operates in three locations, the U.S., Singapore and Macau.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate LAS VEGAS SANDS CORP as a Buy with a ratings score of B-. This is driven by some important positives, 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 reasonable valuation levels and expanding profit margins. We feel its strengths outweigh the fact that the company has had sub par growth in net income.