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Casinos & Gaming

Revenues, profits down for Las Vegas Sands Corp.

Las Vegas Sands Corp. revenues dropped below forecast nearly 25 percent in the first quarter of 2015. The company announced Wednesday its revenue for the quarter, which ended March 31, fell 24.9 percent to $3.01 billion compared with $4.01 billion in the first quarter of 2014, primarily due to softness in Macau.

Shares of Caesars fall sharply as debt talks fail

Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10. The casino operator said the company’s bankrupt operating division, Caesars Entertainment Operating Co., has been unable to reach a deal regarding the restructuring plan to cut “some” debt, Reuters reported.

Proxy firm urges withholding votes for Wynn candidates

A leading independent proxy advisory firm has recommended that Wynn Resorts shareholders withhold their votes for two company-recommended candidates to serve on the company’s board of directors. Institutional Shareholder Services, which monitors boardroom actions for institutional investors, also did not endorse a vote for company co-founder Elaine Wynn .