Las Vegas Sands Will No Longer Pursue Gaming Opportunity in Kansas

LAS VEGAS, July 22 /PRNewswire-FirstCall/ -- With its current pipeline of
attractive developments already in place, and other potential development
opportunities on the horizon, Las Vegas Sands Corp. (NYSE: LVS) today
announced, after a thorough evaluation of the impact of proposed statutory
changes in the neighboring Missouri gaming marketplace, the company will no
longer pursue a gaming license in the state of Kansas.
"As we pursue our development plans and evaluate potential opportunities
around the globe, we constantly review those plans to determine which ones are
the most beneficial for the company, its shareholders, and our employees, as
well as the communities in which we intend to operate," said William Weidner,
president of Las Vegas Sands Corp. "Our proposed development plans for Kansas
included significant investment in a world-class integrated resort facility.
It now appears that proposed statutory changes in Missouri will allow gaming
operators there to significantly increase the amounts being wagered at their
competing facilities. This change, together with the increased borrowing
costs in today's financial marketplace, significantly decreases the expected
returns from our proposed development in Kansas and limits our ability to
generate appropriate risk-adjusted returns on the proposed investment
vis-a-vis our expected returns on our other global investment opportunities."
"Over the past several months we have made many friends in Kansas and have
been treated with the utmost respect. We are extremely grateful for the
support we have received, but feel this decision is in the best interests of
our employees and shareholders," said Weidner.
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. (NYSE: LVS) is the leading international developer
of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns and operates The Venetian Resort-
Hotel-Casino, The Palazzo Resort-Hotel-Casino and the Sands Expo and
Convention Center in Las Vegas and The Venetian Macao Resort-Hotel and the
Sands Macao in the People's Republic of China (PRC) Special Administrative
Region of Macao. The company is currently constructing two additional
integrated resorts: Sands Casino Resort Bethlehem in Bethlehem, Pennsylvania;
and The Marina Bay Sands(TM) in Singapore.
LVS is also creating the Cotai Strip(TM), a master-planned development of
resort-casino properties in Macao. Additionally, the company is working with
the Zhuhai Municipal People's Government of the PRC to master-plan the
development of a leisure resort and convention complex on Hengqin Island in
the PRC.
For more information, please visit: http://www.lasvegassands.com.

Contacts:

Investment Community: Scott Henry (702) 733-5502
Media: Ron Reese (702) 414-3607

SOURCE Las Vegas Sands Corp.

Investment Community, Scott Henry, +1-702-733-5502, or Media, Ron Reese,
+1-702-414-3607, both for Las Vegas Sands Corp.