More than One Billion People Less Than Two Hours Away by Air

Las Vegas Sands, Inc. (L.V.S.I.) has unveiled their plans and strategies for a mega tourism development in Cotai, in between the two islands of Coloane and Taipa in Macao, Special Administrative Region of the People's Republic of China (S.A.R.). Macao consists of a peninsula connected to Mainland China and two islands, all interconnected with bridges and avenues. Together with Jones Lang LaSalle Hotels, the group's exclusive real estate advisor for this project, The Venetian is creating a development in Cotai synergizing world-class attractions that will generate hotel demand for Macao.

L.V.S.I. is owner and operator of The Venetian Casino Resort and its subsidiary The Grand Canal Shoppes (collectively, "The Venetian"), is a hotel, gaming, and retail mall company headquartered in Las Vegas, Nevada.

This vision from the American entrepreneur Mr. Sheldon G. Adelson, owner, Chairman and C.E.O of Las Vegas Sands, Inc. said: "We are honored to share our vision for Macao and Cotai. It is important that Macao know our long-term commitment to their community and the diversification and expansion of their business development by transforming Macao into the premier destination resort in Asia. We will create a Las Vegas-style strip in the heart of the territory in Cotai, anchored by Las Vegas Sands, Inc.'s brand The Venetian Macao, which will deliver the ultimate resort, entertainment and convention product. Las Vegas Sands, Inc. will bring to the Cotai strip the glamour and excitement of The Venetian Las Vegas, with the beauty of baroque Venice -- the canals, gondolas, singing gondoliers and other legendary Venetian icons. Our development truly serves as an anchor to help provide traffic to Cotai as well as contain demand drivers to fill the strip, such as, exhibition and convention centers."

The Cotai strip will be a master planned development built from the ground up. Quality entertainment and familiar hotel brands will be available to visitors. It is estimated that US$5 - $10 billion will be invested in the Cotai strip development.

Las Vegas Sands, Inc.'s design was developed by world-recognized masterplanners, Skidmore, Owings and Merrill ("SOM"), who envision the area as the largest destination resort in the Asia Pacific region. The development will include 20 mega resorts, 60,000 rooms, exhibition and conference facilities, theaters, showrooms, shopping malls, spas, dozens of Chef restaurants and entertainment facilities including casinos.

The Macao Government is supportive of The Venetian development plans for the Cotai strip. Mr. Jaime Roberto Carion, Director of Lands, Public Works and Transport, Macao, stated in an open letter to potential investors, "The Macao Government is committed to a long term vision which will see Macao develop into a strategic gateway tourism destination for the People's Republic of China and the Pearl River Delta Region. The Government will provide its assistance by appointing a special team of officials to assist potential investors with securing the relevant planning and other approvals to ensure a successful outcome for the potential investor in its investment of capital in the Macao S.A.R."

Mr. Peter Barge, Chief Executive Officer, Jones Lang LaSalle, Asia Pacific said, "Stage one will focus on the development of eight land parcels, including the mega-resort of The Venetian Macao as an anchor property. As an anchor, the 1,500-room, all-suite Venetian Macao will include demand generator such as meeting and conference halls, exhibition and convention centre, a world-class arena, casino floor, showroom, theatres, fine dining restaurants, spa and a large shopping mall with additional dining amenities, all under one roof."

"The Cotai strip is well positioned to accommodate the travel demand from China and the Asia Pacific region. Last year alone, Macao entertained 11.9 million visitors, of which 4.24 million were generated from the mainland," said Mr. William Weidner, President and Chief Operating Officer of Las Vegas Sands, Inc. "The opportunity of the region is nothing short of fantastic; within a two hour flight of Macao, over a billion people reside. Within a five hour flight of the Macao, three fifths of the world reside."

Mr. Weidner believes that the future growth of Macao will be as a resort destination ensuring a ‘long term stay' of the visitors, since there's no resort destination in China.

However, to appeal to the ‘day trip' market, The Venetian Macao is also eveloping an urban casino called The Las Vegas Sands, on Macao peninsula, separate from the future development on the Cotai strip, which is scheduled to open in early 2004.

The Las Vegas Sands will be strategically located near the Macao ferry terminal, the existing casino and entertainment district, providing it access to a large and growing customer base.

"There is a real sense of excitement in Macao about the Las Vegas Sands' development. The excitement is certainly very measurable, in a city of only 450,000 people and 213,000 total workforce, over 43,000 people showed up for our initial job-fair. That's an indication of the kind of excitement, interest and the potential success for development in Macao," added Mr. Weidner.

Through its subsidiaries, L.V.S.I. owns and operates The Venetian Casino Resort and The Grand Canal Shoppes, located on the Las Vegas Strip; Venetian Interactive, an internet based venture; and Venetian Macao Limited, a developer of multiple casino hotel resort properties in The People's Republic of China's Special Administrative Region of Macao. Las Vegas Sands, Inc. develops multi-faceted "destination resort-style" -- entertainment establishments which cater to multiple market segments by offering a myriad of amenities and services, which, in turn, create synergies with the local communities and energize the markets in which it invests.

About The Venetian
The Venetian Resort-Hotel-Casino, a recipient of the Exxon/Mobile Four Star Award, AAA's Four Diamond Award, and the Five Star-Diamond Award by the American Academy of Hospitality Sciences, is one of the world most luxurious resort and convention destinations. Additionally, the property has been honored as the Top 5 Catering Departments in the World by Meetings and Conventions magazine.

Recreating the legendary landmarks of Venice, the resort offers unmatched service and quality for leisure and corporate guests. Located in the heart of the Las Vegas Strip, The Venetian features The Grand Canal Shoppes, an indoor streetscape complete with gondolas and singing gondoliers, the Canyon Ranch SpaClub, world-class gaming, 17 fine dining restaurants, the Guggenheim-Hermitage museum, and extensive convention and corporate services.

The newly expanded 650,000 sq. ft. Venetian Congress Center and the 1.2 million sq. ft. Sands Expo & Convention Center offer up to 174 flexible individual meeting rooms, including the 85,000 sq. ft. Venetian Ballroom, five expansive exhibit halls, eleven elegant Junior Ballrooms, 27 hospitality suites, and three executive boardrooms. The new meeting space expansion of 150,000 square feet of additional space increase the property total meeting and exhibition space to nearly 1.9 million sq. ft. all under one roof.