Venetian Casino Resort Retains Goldman Sachs

Venetian Casino Resort LLC (the “Company”) announced today that it has
retained Goldman, Sachs & Co., as financial advisor, to explore various
strategic alternatives available to it relating to the Grand Canal
Shoppes, the Venetian-themed mall attached to the Venetian Casino Resort.
No decision has been made as to whether there will be a sale or any other
transaction involving the Grand Canal Shoppes.