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					Luncheon Keynote
Bradley H. Stone
Executive Vice President,
 Las Vegas Sands Corp.
Venetian Las Vegas    Palazzo Las Vegas
                       Palazzo Las Vegas   Sands Bethworks – Bethlehem, PA




Sands Macao          The Venetian Macao    Marina Bay Sands - Singapore




Las Vegas Sands Corp.
Las Vegas Sands and Its Vision for Pennsylvania
February 26, 2008
Forward-Looking Statements

Statements in this presentation that are not reported financial results or
other historical information are “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995. They
include, for example, statements about our business outlook, assessment
of market conditions, strategies, future plans, future sales, price
assumptions for offerings at our facilities, leverage and debt service,
capital spending and tax rates. These forward-looking statements are not
guarantees of future performance. They are based on management’s
expectations that involve a number of business risks and uncertainties,
any of which could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements. The risks and
uncertainties relating to the forward-looking statements in this
presentation include those described under the caption “Risk Factors” in
Las Vegas Sands Corp.’s public filings with the Securities and Exchange
Commission. The forward-looking statements contained in this
presentation speak only as of today’s date. Las Vegas Sands Corp.
assumes no obligation to update this information.

                                                                             2
Non-GAAP Financial Measures

This presentation includes non-GAAP financial measures as
defined in the Securities and Exchange Commission’s Regulation
G. A reconciliation of these non-GAAP financial measures to the
most directly comparable GAAP measures is available on our
website at www.lasvegassands.com in the earnings releases for
the applicable periods.




                                                                  3
Las Vegas Sands Corp.
Business Strategy



                                   Recognize
              Monetize             Opportunity
              Non-Core
               Assets
                                                         Unique
                          Industry’s                    Business
                                                         Model
        Build at
                           Highest
        “China             Returns
         Cost”

                                                   Unique
                                                 Capabilities
                          Move
                         Quickly



                                                                   4
Las Vegas Sands Corp.
Compelling Investment Case

  Large, visible growth pipeline

   –   World leader in Integrated-Convention-Resort development

   –   Established market leadership: Las Vegas, Macao, Singapore

   –   Significant interest from additional jurisdictions… Success
       Breeds Success

  Low-risk opportunity to play Pan-Asian growth

  Asset sales reduce risk and increase returns



                                                                     5
Las Vegas Operations




                       6
Las Vegas Operations1
Convention Based Model Drives Superior Performance
                                                             EBITDAR

 $450


 $400
                                                                                                     $374
                                                                    AGR
                                                                 %C                                                      $361
                                                            15.6
 $350
                                                                                $324
                                                          $301
 $300


 $250                                $235

               $202
 $200


 $150
                2002                 2003²                 2004                 2005                  2006               2007

(1)   Includes Venetian Las Vegas and SECC. All periods pro forma for the sale of the Grand Canal Shoppes in May 2004.
(2)   Venezia Tower opened June 2003.
                                                                                                                                7
Venetian Casino Resort
Highest Return Property on Las Vegas Strip
              Property EBITDA(R) Returns – Most Recently Reported 12-Month Period

 45%

 40%
                36%
 35%

 30%

 25%
                                           20%
                                                                      19%                        18%
 20%

 15%                                                                                                                         14%


 10%
            Venetian¹                   Bellagio 2             Mandalay Bay 2               MGM Grand 2                      Wynn 2
   Source: Company press releases and public filings; estimates for invested capital based on Wall Street estimates.
                                                                Run-
   Chart shows properties generating over $300 million in 2006 Run-rate EBITDA(R).
         Venetian’                              after-
   (1) Venetian’s invested capital base net of after-tax mall sale proceeds of approx. $660 million, and inclusive of $100
         million for the 2007 room renovation. Represents 12 months ended December 31, 2007.
   (2) Represents the 12-month period ended September 30, 2007.
                           12-                                                                                                        8
The Palazzo Casino Resort
Extending The Strategy

  World-class luxury destination
  casino-resort

  − Fully integrated with the
     Venetian and SECC

  − Opened 12/30/07
  3,066-suite, 50-floor hotel tower

  Amenities include Canyon Ranch
  Spa Club, Jersey Boys Theatre,
  and destination restaurants

  400,000 SF Shoppes at The
  Palazzo anchored by Barney’s
  New York
 Two casino brands from the front, operating efficiencies of one mega-resort
 Condo Tower with 422 units, 50+ stories, and 1,035,000 SF

                                                                               9
The Palazzo Casino Resort




                            10
The Palazzo Casino Resort
View of Standard Suite




                            11
The Palazzo Casino Resort
View of Standard Suite




                            12
The Palazzo Casino Resort
View of Standard Suite




                            13
Venetian Remodeled Suite
View of Standard Suite




                           14
Venetian Remodeled Suite
View of Standard Suite




                           15
The Venetian Las Vegas
The Grand Canal Shoppes and Restaurants




                                          16
The Palazzo
The Shoppes at The Palazzo




                             17
The Venetian, The Palazzo, and Sands Expo
Largest Integrated Casino-Resort-Convention Complex in the World

   7,093 suites                                            Fully-Integrated Facilities
   2.3mm SF of group meeting and
   exhibition space                                                     ne
                                                                 l   La
                                                              va
   840,000 SF of destination retail                        Ko


   30+ restaurants with > 10,000 seats
   Four theatres and showrooms
                                                                        SECC
   Unique operating strategy
   ⎯




                                                       e
        Critical mass



                                                     nu
                                                  ve
                                               sA
   ⎯    All-suite rooms
                                             nd
                                           Sa
   ⎯    Convention demand midweek
   ⎯    Malls as tourist attractions
                                                      Palazzo                  Venetian
   ⎯    Destination dining
   $40 - $60 M of operating efficiencies
   Real estate monetization                                             Las Vegas Boulevard


                                                                                              18
The Condo Tower
Luxury Residential Units in The Venetian & Palazzo Complex

   Fronts the LV Strip

   Number of units          422

   Net saleable SF          1,035,000

   Average SF per unit      2,400

   Hard construction cost   $590 mm

   Estimated opening date   4Q09




                                                         19
The Condo Tower
Sky Lobby




                  20
The New Sands Expo
State of the Art Convention Center




                                     21
The New Sands Expo
State of the Art Convention Center

  Total building area      2,500,000 SF


  Net exhibition area      1,200,000 SF


  Net meeting area         17,000 SF


  Meeting rooms            14


  Hard construction cost   $682 mm


  Estimated opening date 1Q10




                                          22
The New Sands Expo
Expo Footprint Creates Future Development Opportunities




                                                          23
Potential Future Development
Significant Development Opportunities on Expo Footprint




                                                          24
Potential Future Development
Significant Development Opportunities on Expo Footprint



             Total SF            10.0 – 14.0m



             Hotel Keys          4,000 – 7,000



             Condo SF            2.0 – 3.0m



             Retail SF           0.4 – 0.6m


                                                          25
Macao Visitation
Total Visitation
                                            Total Visitation to Macau (000s)

30,000
                                                                                        27,003

                                                                 R
                                                             CA G
25,000
                                                         19%                   21,998

20,000                                                               18,711
                                                        16,673

15,000

               11,531              11,888

10,000




 5,000




    0
                2002                2003                 2004         2005      2006     2007


         Source: Macau Statistics and Census Services
                                                                                                 26
Macao Gaming Market
Recent Market Performance
                                          Total Gaming Revenue ($MM)

$12,000


                                                                                                               $10,324
$10,000

                                                             GR
                                                          CA
 $8,000                                               30%
                                                                                            $7,041


 $6,000                                                                 $5,726
                                                     $5,145


 $4,000                          $3,565
             $2,758

 $2,000




    $0
              2002                2003                2004                2005                2006                2007

          Source: Macau Gaming Inspection and Coordination Bureau
          Notes: Total gaming revenue represents “Games of Fortune” revenue converted at 8.042 Pataca / USD exchange rate
                                                           Fortune”                                                         27
The Sands Macao
Macau’s First Las Vegas Style Casino




                                       28
Sands Macao Operating Performance
Superior ROIC

      Superior ROIC                                                                         Adjusted Property EBITDAR
     ⎯      $500 million investment to
            date                                                          $500
                                                                                                               $457
     ⎯      LTM ROIC1 > 88%
                                                                          $400                                          $373
     ⎯      First-mover advantage
                                                                                                    $342
                  Customer loyalty
                                                                          $300
                  Unique product                                    $MM
                  Convenient location
                                                                          $200
     ⎯      $1.34 Billion in EBITDAR                                                      $159
            generated since opening
                                                                          $100
     ⎯      238 suite hotel tower added
            Sept. 07
     ⎯      Premium gaming club in                                           $0
            hotel tower added Feb. 08                                                     2004      2005       2006     2007



(1) Invested capital base is time-weighted for opening of hotel tower in September 2007
                             time-                                                                                             29
Sands Macao
Hotel Tower Opened September 2007




                                    30
Sands Macao
Hotel Tower – 238 Additional Hotel Suites




                                            31
Sands Macao
Hotel Tower – 238 Additional Hotel Suites




                                            32
The Cotai Strip
The Resort Destination of Asia

  The Cotai StripTM

  ⎯ 7 resort hotels with 12 world-
    class hotel brands

  ⎯ Nearly 20,000 guest rooms

  ⎯ 1.5 MM SF of casino space

  ⎯ 3.0 MM SF of meeting &
    convention space

  ⎯ 25,000 seats of live
    entertainment

  ⎯ 3.0 MM SF of retail space

  ⎯ 4.0 MM SF of vacation suites
                                     33
The Cotai Strip
The Resort Destination of Asia




                                 34
The Venetian Macao




                     35
The Venetian Macao
Overall Floor Plan




                     36
The Venetian Macao




                     37
The Venetian Macao




                     38
The Venetian Macao
Cirque Du Soleil Theater




                           39
The Venetian Macao
Venetian Arena




                     40
The Venetian Macao
Carpeted Meeting Space




                         41
The Venetian Macao
Exhibition Space




                     42
The Venetian Macao
Retail Level




                     43
The Venetian Macao
The Grand Canal Shoppes




                          44
The Venetian Macao
Early Indicator of Success – Visitation


  More than 10 million visitors since opening on August 28, 2007


  Averaged nearly 62,000 visitors per day in 4Q07


  More than 70% of all visitors to Macao in 4Q07 visited the
  Venetian Macao


  Golden Week and Chinese New Year each had days with greater
  than 100,000 visitors



                                                                   45
The Venetian Macao
Early Indicators of Success – Strong Group Business


“Macau assured of bright
future…although it has only
been operating for four
months, The Venetian Macau
was voted by readers of CEI
Asia Pacific as the best MICE
Hotel in Asia Pacific, beating
out some serious competition
across the region.”
        Mr. Shannon Sweeney,
        Editor of CEI Asia Pacific
        Magazine, Asia’s leading
        Mice magazine, in Dec
        /Jan issue reporting results
        of annual industry survey



                                                      46
The Venetian Macao
Early Indicators of Success – Entertainment Offerings

  Manchester United
  NBA China Games
  Sampras / Federer
  Boxing
  International Asian artists
  Major entertainment acts
   −   Alan Tam
   −   David Tao
   −   Beyoncé
   −   Black-Eyed Peas
   −   The Police featuring Sting
                                                        47
The Venetian Macao
Early Indicators of Success – Entertainment Offerings

                                    Sampras / Federer Tennis
                                    Match

                                    −   Tickets sold-out within hours

                                    −   300 premium packages sold

                                    −   Corporate events

                                    −   Extensive media coverage

                                    −   Excellent branding opps

                                    −   Hotel occupancy: 97.8%

                                    −   Visitation: 89,908

                                                                   48
The Venetian Macao
Early Indicators of Success – Retail Offerings




                                                 49
The Four Seasons Macao
Early Indicators of Success – Retail Offerings




                                                 50
Investments in Macau’s Infrastructure
Fleet of High-Speed Catamarans




                                        51
Investments in Macau’s Infrastructure
Fleet of High-Speed Catamarans




                                        52
Investments in Macau’s Infrastructure
Ferry Service from Hong Kong to Macau




                                        53
Investments in Macau’s Infrastructure
HKIA Ferry Terminal Expansion – “SkyPier”
  $125m Expansion Opening in 2009
  ⎯     Constructed with 4 berths (with capacity for expansion to 8 berths)
  ⎯     Total floor area of 16,000m2 or approximately 8x the size of the existing terminal




  Source: Hong Kong International Airport website                                            54
Investments in Macau’s Infrastructure
Fleet of Buses




                                        55
Las Vegas Sands Corp.
Addressing the Asian Continent from Macau




                                            56
The Cotai StripTM
Creating a World-Class Casino Resort Destination

  The Cotai StripTM

  ⎯ 7 resort hotels with 12 world-
    class hotel brands

  ⎯ ~ 20,000 guest rooms

  ⎯ ~ 1.5 MM SF of casino space

  ⎯ ~ 3.0 MM SF of meeting &
    convention space

  ⎯ ~ 25,000 seats of live
    entertainment

  ⎯ ~ 3.0 MM SF of retail space

  ⎯ ~ 4.0 MM SF of vacation suites
                                                   57
The Cotai StripTM



 Hengqin Island,
     PRC

                          Venetian Macao


             Four Seasons
                Macao


                            Shangri-La   St. Regis
                             Traders
               Sheraton



                                                     58
The Cotai StripTM
Venetian Macao




                    59
The Cotai StripTM
Site 2: The Four Seasons Macao
Towers                                               3

Rooms                                                381

Paiza Mansions                                       19

Casino Areas                                         71,000 SF1
    Mass Tables                                      80
    Paiza Tables                                     51
    Slots                                            225

Retail, net                                          223,000 SF

MICE                                                 23,000 SF

Residential                                          1,000,000 SF

Total area w/ parking                                3,176,000 SF

Hard Construction Cost                               $971 mm2

Estimated Opening Date
     Hotel & Podium/Casino                           2Q08
     Paiza Mansions                                  1Q09
     Serviced Apartments                             2Q09


1. Includes both main casino and Paiza.
2. Includes Paiza fit out, theatre fit out and service apartments fit out.   60
The Cotai StripTM
Site 2: The Four Seasons Macao




                                 61
The Cotai StripTM
Site 2: Four Seasons




                       62
The Cotai StripTM
Site 2: The Four Seasons Macao




                                 63
The Cotai StripTM
Site 2: The Four Seasons Macao




                                 64
The Cotai StripTM
Site 2: The Four Seasons Macao




                                 65
The Cotai StripTM
Site 2: Standard Suite




                         66
The Cotai StripTM
Site 2: Standard Suite




                         67
The Cotai StripTM
Sites 5&6: St. Regis, Shangri-La, Sheraton & Traders
Towers                                    4

Rooms                                     6,443
  Shangri-La                              636
  Traders                                 1,261
  St. Regis                               439
  Sheraton                                4,107

Casino Areas                              355,000 SF1
    Mass Tables                           800
    Paiza Tables                          90
    Slots                                 4,000

Retail, net                               818,000 SF

MICE                                      500,000 SF

Residential                               1,200,000 SF

Total area w/ parking                     13,670,000 SF

Hard Construction Cost                    $3,269 mm

Estimated Opening Date
    Casino, Shangri-La, Traders &
    Sheraton Tower Hotel                  2Q09
    Sheraton Hotel & St. Regis            4Q09
    St. Regis Residences                  1Q10
                                                          68
1. Includes both main casino and Paiza.
The Cotai StripTM
Sites 5&6: St. Regis, Shangri-La, Sheraton & Traders




                                                       69
The Cotai StripTM
Sites 5&6: St. Regis, Shangri-La, Sheraton & Traders




                                                       70
The Cotai StripTM
Sites 5&6: St. Regis Suite




                             71
The Cotai StripTM
Sites 5&6: Shangri-La Suite




                              72
The Cotai StripTM
Sites 5&6: Sheraton Suite




                            73
The Cotai StripTM
Sites 5&6: Traders Suite




                           74
The Cotai StripTM
Sites 7&8: Hilton, Conrad, Fairmont, Raffles & Swissotel
Towers                                    2

Rooms                                     6,154
  Swissotel                               1,307
  Fairmont                                1,349
  Raffles                                 445
  Hilton                                  2,389
  Conrad                                  644

Casino Areas                              378,000 SF1
    Mass Tables                           660
    Paiza Tables                          100
    Slots                                 3,500

Retail, net                               577,000 SF

MICE                                      294,000 SF

Residential                               1,200,000 SF

Total area w/ parking                     13,910,000 SF

Hard Construction Cost                    $3,704 mm

Estimated Opening Date                    Late 2010

1. Includes both main casino and Paiza.                    75
The Cotai StripTM
Sites 7&8: Hilton, Conrad, Fairmont, Raffles & Swissotel




                                                           76
The Cotai StripTM
Sites 7&8: Hilton, Conrad, Fairmont, Raffles & Swissotel




                                                           77
The Cotai StripTM
Site 3: InterContinental, Holiday Inn & Cosmopolitan

Towers                                         5

Rooms                                          3,946
  InterContinental                             736
  Holiday Inn                                  2,500
  Cosmopolitan                                 710

Casino Areas                                   268,000 SF1
   Mass Tables                                 350
   Paiza Tables                                27
   Slots                                       1,750

Retail, net                                    440,000 SF

MICE                                           301,000 SF

Residential                                    600,000 SF

Total area w/ parking                          6,370,000 SF

Hard Construction Cost                         $1,644 mm

Estimated Opening Date                         2Q11



1. Includes both main casino and Ruby Rooms.
                                                              78
The Cotai StripTM
Site 3: InterContinental, Holiday Inn & Cosmopolitan




                                                       79
The Cotai StripTM
Site 3: InterContinental, Holiday Inn & Cosmopolitan




                                                       80
Initiatives in the PRC
Adelson Center for U.S. – China Enterprise Beijing, China




                                                            81
Initiatives in the PRC
Adelson Center for U.S. – China Enterprise




                                             82
Initiatives in the PRC
Adelson Center for U.S. – China Enterprise

Goals

  Promote trade between the U.S.
  and the People’s Republic of
  China

  Foster important relationships
  with state-owned enterprises

  −     CCPIT

          Largest tradeshow
          organizer in the PRC

          Approx 2,800 trade shows
          annually

                                             83
Initiatives in the PRC
Hengqin Island(1) – Extending the Strategy

     8 sq km Mainland Chinese address
                                                                       Current Ferry
     Complements Cotai                                          Macau Terminal
                                                    Zhuhai     Peninsula Sands
     Long-term value driver                                              Macao
                                                                WYNN
                                                                 MGM
     80 MM SF of development
                                                                            New Ferry
    ⎯ 4 MM SF convention center                                             Terminal


    ⎯ Hotels and retail                                                                Airport

                                                     Hengqin
    ⎯ Golf courses and marinas                        Island
                                                                              Cotai
    ⎯ Vacation homes                                                          Strip

    ⎯ Tennis, yachting, and other
      recreational amenities

(1) Proposed and subject to additional approvals.                                          84
 Initiatives in the PRC
 Hengqin Island(1) – Extending the Strategy




                    Marina Villas



                                                                            Cotai Strip


                                                    Exhibition
                                                     Center

                           Golf Villas

                                                                 Lotus Bridge

(1) Proposed and subject to additional approvals.                                  85
Initiatives in the PRC
Hengqin Island(1) – Extending the Strategy




(1) Proposed and subject to additional approvals.
                                                    86
Marina Bay Sands
Rendering




                   87
Marina Bay Sands
Prime Central Business District Location




             Source: Singapore Urban Redevelopment Authority   88
Marina Bay Sands
Integrated-Resort Elements

  ~ 2,700 rooms

  1.2 MM SF of
  convention and
  meeting space

  ~ 850,000 SF retail
  space

  165,000 SF casino

  Restaurants

  Theatres

  Museums

  Outdoor recreation areas and numerous other amenities
                                                          89
Marina Bay Sands
Site Map




                   90
Marina Bay Sands
Aerial View of Site Before Commencement of Construction




                                                          91
Marina Bay Sands
Construction Update




                      92
Marina Bay Sands
Construction Update




                      93
Marina Bay Sands
Construction Update




                      94
Marina Bay Sands
Construction Update




                      95
Las Vegas Sands Corp.
Addressing Both North and South Asia




                                       96
Tomorrow’s Bethlehem, Pennsylvania
Sands Bethworks

  ~ 70 miles from
  Midtown Manhattan

  Casino with 5,000 slot
  machines

  200,000 SF of retail
  space

  50,000 SF of meeting
  space

  300 hotel rooms

  Restaurants

  PBS broadcast facility

  National Museum of Industrial History, arts and cultural center, recreation
  areas and numerous other amenities
                                                                           97
Sands Bethworks




                  98
Sands Bethworks




                  99
Sands Bethworks




                  100
Sands Bethworks




                  101
Sands Bethworks
Hotel Lobby




                  102
Sands Bethworks
Casino – Central Bar Exterior




                                103
Sands Bethworks
Casino




                  104
Sands Bethworks
Retail




                  105
Sands Bethworks
Food Court




                  106
Sands Bethworks
Aerial View 1




                  107
Sands Bethworks
Aerial View 2




                  108
Sands Bethworks
Aerial View 3




                  109
Sands Bethworks
Aerial View 4




                  110
Sands Bethworks
2007 Market Results

                                                Win per Unit
                                                  Per Day      # of Slots

          Mohegan Sun                              $415         1,203


          Philadelphia Park                        $375         2,408


          Harrah’s Chester                         $341         2,790


          Meadows                                  $349         1,774


    Source: Pennsylvania Gaming Control Board


                                                                            111
Las Vegas Sands Corp.
Future Growth Opportunities… Success Breeds Success


  Significant opportunities in Asia, Europe and the Americas


  A focus on maximizing ROIC


  Three principal models for worldwide IR development


   1. Stand-alone IR destinations (Singapore)


   2. Master-planned IR destination complexes (Las Vegas, Bethlehem)


   3. “Las Vegas Strip” Style IR destinations (the Cotai StripTM)



                                                                       112
Las Vegas Sands Corp.
Business Strategy



                                   Recognize
                                   Opportunity
              Monetize
              Non-core
               Assets                                    Unique
                          Industry’s                    Business
                                                         Model
        Build at           Highest
        “China
         Cost”
                           Returns
                                                   Unique
                                                 Capabilities
                          Move
                         Quickly



                                                                   113

				
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