Las Vegas Sands Corp Sinks 3%; Others Unscathed By Weak Vegas Numbers

Casino investors mostly shrugged off news from Nevada state regulators that September marked the second-back-to-back month of gaming revenue declines Revenue on the Las Vegas Strip fell more than 12 percent in September and nearly 6 percent statewide. Las Vegas Sands Corp.

fell 3 percent Tuesday to $60.02 a share. Sands owns The Venetian Resort Hotel Casino The Palazzo Resort Hotel Casino and Sands Expo Center in Las Vegas. It's also suspended construction on a a high-rise residential condominium tower on the Las Vegas Strip. But Sands' revenue from Las Vegas only amounted to $353 million of its $3.62 billion total for the recent quarter. Two companies with greater exposure to Las Vegas as a percent of total revenue, Wynn Resorts Ltd.

and MGM Resorts International,

were nearly unchanged Tuesday. Wynn fell 0.4 percent to $182.90 a share, while MGM was off 0.1 percent at $22.64 a share. Caesars Entertainment Corp

gained nearly 1.5 percent to $11.72 a share, while Boyd Gaming Corp.

gained 1.6 percent to $10.52 a share. The Nevada Gaming Commission said Las Vegas Strip revenue fell by 12.12 percent in September to $494.88 million and for all of Clark County by more than 6 percent to $770.46 million. For the year to date, Strip revenue is off 4.7 percent to $1.584 billion, and by 3.3 percent for Clark County to $2.35 billion,