Published: Nov 01, 2012 5:13 PM EDT
Updated: Nov 02, 2012 6:31 AM EDT

LAS VEGAS (AP) - Las Vegas Sands Corp. says net income fell 1 percent as it took less money from gamblers and paid to start up a new casino in Macau.

The company earned $349.8 million, or 42 cents per share, for the quarter. During the same period last year it earned $353.6 million, or 44 cents per share.

It says its adjusted profit would have been 46 cents per share. But that was still well below the 60 cents per share expected by analysts surveyed by FactSet.

Revenue rose 12.5 percent to $2.71 billion, when analysts expected $2.89 billion.