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Las Vegas Sands visit Wins Approval to Build Hotel-Casino Complex in Bethlehem, Pennsylvania

Project to Provide Thousands of New Jobs and Economic Boost to Lehigh Valley

LAS VEGAS, Dec. 20 /PRNewswire-FirstCall/ -- The Pennsylvania Gaming
Control Board today announced the selection of Sands Bethworks Gaming LLC,
a subsidiary of Las Vegas Sands Corp., for a state gaming
license that will pave the way for the company to begin construction on a
shopping, dining, and entertainment complex located on the site of the
former Bethlehem Steel plant in Bethlehem, Pennsylvania.
"We are honored to be granted this opportunity," said Sheldon G.
Adelson, chairman and chief executive officer of Las Vegas Sands Corp. "As
a company we take tremendous pride in our ability to deliver compelling,
creative, and successful destination resorts. In this case we aim to
produce a development so outstanding that the people of Bethlehem, Lehigh
Valley, and the Commonwealth of Pennsylvania will all be proud to call it
their own."
"This development will provide tremendous economic opportunity locally
and really represents the beginning of a new era for the Lehigh Valley,"
said Bill Weidner, president and chief operating officer of Las Vegas Sands
Corp. "But the real beauty of this development is its ability to pay
tribute to the heritage of Bethlehem Steel and allow the industrial giant
to secure its place in history as a great American icon."
Weidner said the regeneration of the largest existing brownfield site
in the U.S. will not only spur regional economic growth and provide
meaningful benefit to the existing local businesses, but it could serve as
a model for the redevelopment of other industrial and economically
challenged areas across the country.
In its first phase, the 126-acre development, which has gone by the
working title "Sands BethWorks," will feature a 300-room hotel, 200,000
square feet of retail space, 3,000 slot machines, and a variety of dining
and entertainment options. The property will also be home to the National
Museum of Industrial History Visit, an arts and cultural center, and the
broadcast home of the local PBS affiliate. The company hopes to open the
complex in 2008.
The selection of Las Vegas visit for a Category 2 (At-large)
Gaming License in Pennsylvania marks the second major gaming license the
company has secured in the past eight months. In May, the company was
selected by the Singapore government to build the city-state's first
integrated resort. The $3.6 billion Marina Bay Sands(TM), featuring more
than 2,500 rooms, one million square feet of retail space, an ArtScience
Museum, and 1.2 million square feet of meeting and convention space.
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 visit Sands Corp. with the Securities
and Exchange Commission.
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. (NYSE: LVS) is one of the leading international
developers of multi-use integrated resorts.
The Las Vegas, Nevada-based company owns The Venetian Resort Hotel
Casino and the Sands Expo and Convention Center in Las Vegas 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 both scheduled to open in 2007: The Palazzo Resort Hotel Casino in
Las Vegas and The Venetian Macao Resort Hotel Casino in Macao.
LVS is also developing the Cotai Strip(TM), a master-planned
development of resort casino properties in Macao, and was selected by the
Singapore government to build The Marina Bay Sands(TM), an integrated
resort scheduled to open in Singapore by the end of 2009. The company is
also 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.

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