NEW YORK (TheStreet) -- Shares of Las Vegas Sands  (LVS - Get Report)  closed higher on Monday after better-than-expected Macau September gaming revenue. 

The data surpassed analysts' forecasts for the third consecutive month, according to Barron's

Revenue grew 7.4% year-over-year to $2.3 billion, beating Wall Street's expectations for growth of 4% for the month of September. 

Late last month, the Las Vegas-based casino and resort company's CEO Sheldon Adelson opened The Parisian, a $2.7 billion French-themed casino in Macau. 

The new facility has 3,000 rooms, hundreds of shops, a theater and an Eiffel Tower replica. 

Macau's VIP customers have fallen since 2014 when the Southern Chinese territory's government began a campaign against shows of wealth by public officials. 

However, growth in the VIP segment is typically more volatile than the mass market segment and can cause major shifts in total revenue. 

The Macau government has been expanding its reach to general leisure and tourist markets to try to reduce dependence on VIP customers. 

Shares of casino operators Wynn Resorts (WYNN) and MGM Resorts (MGM) also climbed Monday on the Macau September gaming data. 

Separately, 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. 

TheStreetRatings team rates Las Vegas Sands as a Buy with a ratings score of B-. The company's strengths can be seen in multiple areas, such as its solid stock price performance, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. The team feels its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

You can view the full analysis from the report here: LVS

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