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Las Vegas Sands (LVS) Stock Moves Higher on Macau Sector Upgrade

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NEW YORK (TheStreet) -- Shares of Las Vegas Sands (LVS - Get Report) are rising by 1.07% to $54.94 in early morning trading on Friday, after Macquarie Research upgraded the Macau casino sector to "neutral" as it is now seeing this year's gross gaming revenue to fall by 6%, Barron's reports.

Previously the firm saw Macau's revenue declining by 13% in 2016. The Macau gaming hub, the only area in China where gambling is legal has been struggling for more than a two years as the government's anticorruption crackdown has kept VIP players away from the tables.

The firm is expecting the sector to stabilize as it begins to attract new gamblers. "Macau's future depends on...