Mr. Sheldon G. Adelson, Chairman of Las Vegas Sands Corp., is referred to as a visionary in the resort and convention center world: from gondolas in the Nevada desert to glamour and grandeur in Macau.

HOWEVER BRIGHT Macau’s future turns out to be, it is unlikely that it will see another Sands Macao. Las Vegas wizard Mr. Sheldon G. Adelson, reaching once again into his bag of tricks, has pulled out a conventions and entertainment venue that will undoubtedly go down in history. If the experts are right, in the end Mr. Adelson may find that he himself becomes known not only as the man who turned Las Vegas into a thriving convention and entertainment Mecca, but the one who got off the ground first in Macau - the world’s largest entertainment center. The $265 million Sands casino, owned and operated by Mr. Adelson’s Las Vegas Sands Corp., generated approximately $720 million in total net revenues for its first full twelve months. “When the Sands Macao opened, it created a revolution,” he recalls. Now he is building a $1.8 billion replica of his Las Vegas mega-success, The Venetian, and has plans to turn a tiny stretch of reclaimed land in the Chinese territory called Cotai into Asia’s Las Vegas™ – or maybe something bigger.

Mr. Sheldon G. Adelson’s vision calls for $15 billion in investment over the next seven years and will position Cotai Strip™, modeled after the famous stretch of luxury hotels and casinos that make up the Las Vegas Strip, as the most important convention and entertainment center in Asia. In Cotai, Las Vegas Sands Corp. plans to build, own and operate under a subconcession The Venetian Macao, an all-suites hotel, casino and convention center complex with a Venetian-style theme similar to that of its Las Vegas property. “The Cotai Strip™ was Mr. Sheldon G. Adelson’s idea and is his vision,” says Frank McFadden, COO of Venetian Macau Ltd. “It will be an entertainment destination that will allow Macau to compete internationally. We will bring a whole new tourist base in, both domestic and international, and it will be the conferences that give Macau that international dimension. People will come for a convention during the week, and then stay on for the weekend. That’s the exciting part of what is happening here.”

Sands Macao created a revolution when it opened and represents a new era for the region. The Cotai Strip™and its centerpiece The Venetian Macao will offer the best for conferences.

The Cotai Strip™ is designed to meet the demand generated by the rapidly-growing Asian tourism and convention and exhibition market. The group has submitted to the Macau government a development plan that comprises six other resort hotel developments in addition to The Venetian Macao, constructed on an area of about 80 hectares in Cotai. The proposed development is expected to include hotels, exhibition and conference facilities, casinos (which will be operated by Sands), showrooms, shopping malls, spas, world-class restaurants and entertainment facilities and other attractions. The Cotai Strip™ will firmly establish Macau as the entertainment and conference capital of Asia by offering fantastic canals, lavish gardens and parks, exquisite waterfalls, beautiful lush green landscaping combined with various hotel developments managed by the most reputable hospitality operators from around the world.

As the anchor property at the corner of entry to the Cotai Strip™, The Venetian Macao will be the first “Las Vegas-style” mega-destination resort in the region, reminiscent of The Venetian in Las Vegas in its theme, décor, and high-end style. It will feature an all-suite tower, public and private gaming areas, The Grand Canal Shoppes retail promenade, world-renowned restaurant and lounge venues, and a high-tech meeting and tradeshow facility. It will also offer an elegant spa, a lush and tropical pool oasis, a full-service arena, and a rich and majestic showroom with a sophisticated nightly theatrical production show tailored for the market. The scale of the development is phenomenal, with 3,000 suites, gaming facilities of over 500,000 square feet (46,000 square meters), an arena that can seat 15,000 people, more than 800,000 square feet (74,000 square meters) of retail space, and 20 fine dining restaurants.

The Venetian Macao will include a total of over 1 million square feet (100,000 square meters) of meeting and convention facilities with the goal to develop a convention and tradeshow business in Macau similar to the one developed in Las Vegas. It will offer an exhibition area of over 800,000 square feet (74,000 square meters), an event center in excess of 190,000 square feet (18,000 square meters), and more than 100,000 square feet (10,000 square meters) of meeting room and convention space.

The completion of The Venetian Macao is not dependent upon governmental approval for the Cotai development plan and development has begun with a scheduled opening date in the second quarter of 2007. The other six hotel resort developments on the Cotai Strip™ will be developed. After development, subject to Macau government approval, Sands plans to lease and operate the casinos and showroom portions of these facilities under its gaming subconcession while these third parties will operate the hotel, retail and meeting space portions together with associated amenities.

WILLIAM WEIDNER COO of Las Vegas Sands Corp.

According to William Weidner, COO of Las Vegas Sands Corp., the resort will convert Macau into a multi-day stay, multi-faceted destination and will form the basis of what will be the single largest tourism and conventions project in the world – the Cotai Strip™, surpassing even Las Vegas. He comments: “We see Macau as being a true multi-purpose destination, with golf courses, marinas, water sports, tennis centers and meeting facilities. Las Vegas is the most successful destination ever imagined anywhere, and it is in the middle of a desert, there is nothing around it. There are a hundred million people within driving distance of Macau and a billion people within a two-hour flight. Why wouldn’t it be a larger and more robust tourist destination than Las Vegas?
“It is important that the people of Macau know our long-term commitment to their community,” adds Mr. Adelson. “And the diversification and expansion of their business development by transforming Macau into the premier destination resort in Asia.”