Las Vegas Sands Corp. is the world leader in developing integrated resort destinations. The company has an outstanding track record in the convention, entertainment and retail arena, as proven by the outstanding success of The Venetian and the Sands Expo and Convention Center in Las Vegas.

While the mega destination resort concept may be new to Asia, it is a business in which the Las Vegas Sands Corp. ("LVSC") is a world leader. The company brings to Macao their extensive experience in the trade show, convention and tour, retail and travel business, in addition to a wealth of experience as a hotel, casino and shopping mall operator.

Our experience in Las Vegas has proven that a world-class gaming and entertainment environment is a prime retail location.

Las Vegas is a magnet for shoppers with 4 million square feet of retail space; it houses three of the top five most successful malls in the U.S, which include The Grand Canal Shoppes.

At the heart of this success story is the Venetian Hotel Resort and its retail mall, The Grand Canal Shoppes. The 80 outlets, deliver an astounding eleven-hundred dollars per square foot, three times the US shopping centre average.

The Grand Canal Shoppes' unique facilities demonstrate the successful formula of an integrated resort model. Las Vegas has seen retail sales volumes increase by 99% in the last ten years versus only 22% in gaming revenues.

Now the integrated model that saw retail become the dominant draw card in Las Vegas will be established in Southern China with the development of Cotai Strip® in Macao.

Macao has already proven it is a very good bet, when in 2006, gaming revenues reached US$6.95 billion, just under the US$ 6.079 billion earned on the entire Las Vegas Strip. Add, it's direct access to nearly one-and-a-half billion people and you can see the winning formula taking shape.

Las Vegas Sands Corp. will be investing approximately 10 billion US$ in Cotai Strip® & Henquin Island, which is set to become the largest development of its kind in the world, creating "Asia's Las Vegas™".