Las Vegas Sands wins Singapore bid

31st May 2006

Las Vegas Sands Corp. Chief Operating Officer William Weidner issued the following statement in response to the Singapore Government’s decision to award the Marina Bay Integrated Resort license to the firm.“Las Vegas Sands Corp. is honored to be selected by the Singapore Government to build and operate the Marina Bay Integrated Resort.

“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.”




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