Las Vegas Sands Submits US$3.6 Billion Bid to Solidify Singapore’s Standing Among the World’s Greatest Destinations


Asian Development and Operating Track Record and International MICE Experience Key Elements of a Bid Focused on the Economic and Social Priorities of Singapore

LAS VEGAS, March 29 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. (NYSE:LVS) announced today the company has formally submitted its proposal to the Singapore Government to build an integrated resort at Marina Bay in Singapore. Demonstrating its long-term commitment to Singapore’s tourism future, LVS is proposing to invest US$3.6 billion to develop The Marina Bay Sands(TM), making it possibly the most expensive integrated resort ever proposed. LVS is also committed to opening 100 percent of the Gross Floor Area (GFA) of The Marina Bay Sands in 2009. Its proposal includes plans for 2,500 hotel rooms, 1.2 million square feet of flexible meetings, incentive, convention and exhibition (MICE) space, one million square feet of retail space, three large entertainment venues and a Paiza Club(TM), LVS’ successful premium player venue.

In addition to its strong Asian track record and long-term commitment to Singapore, as well as its role as the integrated resort industry’s MICE leader, the company said its proposal includes features that will drive non-gaming and MICE tourism and attract repeat visits: the region’s first museum that boasts the best in international cultural and populist exhibits; extensive entertainment programming spanning Broadway, Bollywood, music, sports, fashion and an array of entertainment from Southeast and North Asia; a high-end retail mall featuring sophisticated product offerings; world-class spa and fitness facilities; and fine dining restaurants offering gourmet cuisines from award winning chefs.

“Las Vegas Sands Corp. is excited and ready to join Singapore on a historic journey. As a catalyst for the economic future of Singapore and a launch pad for its tourism industry, The Marina Bay Sands will help Singapore solidify its standing among the world’s greatest destinations,” said Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. “With our extensive experience and business capabilities in developing and managing world-class integrated resorts in the US and Asia, and our in-depth understanding of the Singapore market and Asian operating environments, we are uniquely qualified to develop a destination that will unequivocally meet the economic priorities of Singapore in a way that will also be strongly aligned to the needs of the local business community and Singaporeans themselves.”

LVS is able to provide unparalleled management expertise, resources, network, and a global book of business in the MICE industry to reenergize Singapore’s dominance as a regional and international hub for meeting and convention planners.

“As the only US gaming and integrated resort company currently operating in Asia, we plan to use our five years of operating experience in the region to the benefit of Singapore when The Marina Bay Sands opens in 2009. With an extensive existing footprint in China — one of Asia’s primary vehicles for economic growth and largest source of tourism growth for the foreseeable future — LVS will be able to attract tourists to Singapore by leveraging our extensive global customer base and strong relationships with international travel agents and reputable junket operators,” said William Weidner, president and chief operating officer of Las Vegas Sands Corp.

Statements in this press release which are not historical facts are “forward looking” statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company’s control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.

Las Vegas Sands Corp.

Las Vegas Sands Corp. is a hotel, resort, and gaming and exhibition/convention company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts exhibitions and conventions, in Las Vegas and the Sands Macao in the People’s Republic of China Special Administrative Region of Macao. The company is also developing additional casino hotel resort properties, including The Palazzo Resort Hotel Casino in Las Vegas and The Venetian Macao Casino Resort in Macao.

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