Revenue at Las Vegas Strip casinos fell 18.7% Y/Y in January after rising 13.5% in December....

|About: Las Vegas Sands Corp. (LVS)|By:, SA News Editor

Revenue at Las Vegas Strip casinos fell 18.7% Y/Y in January after rising 13.5% in December. Though the sector sees a lot of monthly volatility, the +30 percentage swing is raising some eyebrows. The timing of the Chinese New Year could be a factor due to the intense high-stakes baccarat play it brings in,  but revenue also slipped in areas outside of Vegas indicating some underlying weakness. Vegas-oriented casinos stocks (LVS, MGM, CZR, WYNN) are underperforming regional players (BYD, ASCA, CNTY) and Macau-focused Melco Crown (MPEL +1.8%) for the day.