Las Vegas Sands Corp., City Developments Limited Join Forces for Singapore Integrated Resort Project

LAS VEGAS, Dec. 15 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. (NYSE:LVS) and Singapore’s leading developer and hotel group, City Developments Limited, announced today that the two companies will jointly pursue the development of an integrated resort at the Marina Bayfront in Singapore. Under the terms of the memorandum of understanding, Las Vegas Sands Corp. (LVSC) will submit a final proposal to the Singapore government and operate the integrated resort should the company be awarded the bid. City Developments Limited (CDL) plans to take up an equity interest in the project and provide key strategic counsel and advice regarding the contents of the proposal, especially as it relates to areas where CDL has particular expertise and experience. The two parties will work closely on the preparation and finalization of the proposal. CDL and LVSC have agreed to work together on an exclusive basis. “The addition of City Developments Limited to our Singapore team exemplifies our efforts to assemble the perfect combination of leading local and international talent needed to build and operate a successful world-class integrated resort in Singapore,” said Mr. Sheldon G. Adelson, chairman and chief executive officer of Las Vegas Sands Corp. “CDL takes a long-term view of this mega project. We want to contribute meaningfully to Singapore’s economic future. If anyone can develop a successful Integrated Resort of international appeal, it is Las Vegas Sands. We are pleased to have this opportunity to work with Sands and I believe Sands sees us as adding value, given our extensive and valuable experience in property and hotels,” said Mr. Kwek Leng Beng, CDL’s executive chairman. Already the industry leader in the Meeting Incentive Convention and Exhibition (MICE) business, Las Vegas Sands has previously announced other key strategic partnerships for its Singapore proposal – including an announcement last week that world-renowned, award-winning chefs Charlie Trotter, Tetsuya Wakuda, Pierre Gagnaire, Hiroyuki Hiramatsu, Alfonso Iaccarino, and Thomas Keller each have plans to open a restaurant in Singapore should the LVSC bid be successful. 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.

ABOUT LAS VEGAS SANDS CORP. Las Vegas Sands Corp. is a hotel, gaming, resort 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.

ABOUT CITY DEVELOPMENTS LIMITED Established in 1963, CDL is an international property and hotel conglomerate, listed on the Singapore Exchange Securities Trading Limited, involved in real estate development and investment, hotel ownership and operations and provision of hospitality solutions. Operating in 21 countries spanning Asia, Europe, North America and Australasia, the CDL Group has over 250 subsidiaries and associated companies including 5 companies listed on the notable stock exchanges of London, Amsterdam, Hong Kong, New Zealand and Manila.

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