LAS VEGAS, May 26 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp.
(NYSE: LVS) President and Chief Operating Officer William Weidner issued the
following statement today in response to the Singapore Government's decision
to award the Marina Bay Integrated Resort license to Las Vegas Sands Corp.:
"Las Vegas Sands Corp. is honored to be selected by the Singapore
Government to build and operate the Marina Bay Integrated Resort (IR).
"Our top priority is to partner with the Government and the people of
Singapore to ensure that we deliver on Singapore's economic and social goals
to enhance its status as one of the world's greatest travel destinations. We
are confident we have the strengths and capabilities to achieve this mandate
based on our unique ability to develop successful, iconic Integrated Resorts
from the ground-up.
"In particular, our unparalleled credentials and long-standing
relationships in the Meetings, Incentive, Convention and Exhibition business
with leading meeting and convention organizers empower us with the ability to
produce a steady and predictable flow of visitors to Singapore. Importantly,
we know what it takes to optimally combine and maximize the synergies between
the various components of an IR in a manner that creates a whole that is far
more powerful than the sum of its parts.
"In addition, our presence in Singapore, combined with our footprint in
North Asia and access to China, the largest source of tourism in the
foreseeable future, will enable us to generate mutual benefits for both
economies and for visitors alike.
"We have enjoyed engaging with the Singapore Government throughout this
process and are proud to be given the opportunity to contribute to Singapore's
tourism future. We look forward to ramping up our development plans here to
deliver on our promise of opening 100 percent of the Gross Floor Area (GFA) of
The Marina Bay Sands in 2009. We believe that The Marina Bay Sands, which
represents the welcoming hand of Singapore, embodies the key elements of
Singapore's tourism future."
ABOUT LAS VEGAS SANDS CORP.
Las Vegas Sands Corp. is a hotel, gaming, resort and exhibition/convention
company headquartered in Las Vegas, Nevada. The company owns The Venetian
Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts
exhibitions and conventions, in Las Vegas and the Sands Macao in the People's
Republic of China Special Administrative Region of Macau. The company is also
developing additional casino hotel resort properties in Macau, including the
Macao Venetian Casino Resort.
Forward Looking Statements
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.
Investment Community: Scott Henry, Chief Financial Officer,
Media: Ron Reese, Executive Director of Communications, (702) 414-3607
SOURCE Las Vegas Sands Corp.
CONTACT: Scott Henry, Chief Financial Officer, +1-702-733-5502, or Ron
Reese, Executive Director of Communications, +1-702-414-3607, both of Las
Vegas Sands Corp.