November 10, 2008 - Sands Corporation, Las Vegas

Las Vegas Sands Corp. Report Net Loss in the 3rd Qtr of 2008 of $32.2 million Compared to Net Loss of $48.5 million in the Prior Year 3rd Qtr, Suspending Several Projects, Seeking $2 Billion in New Capital

• Announces Modifications to Global Development Program
• Company is in Process of Raising Approximately $2 Billion in Capital
• Quarterly Net Revenue Increases 67.2% to $1.11 Billion
• Quarterly Consolidated Adjusted Property EBITDAR Increases 48.4% to $243.8 Million
• The Venetian Macao's Non-Rolling Chip Table Games Drop and Slot Handle Each Reach Quarterly Records of $930.6 Million and $549.9 Million, Respectively

LAS VEGAS, Nov. 10, 2008 - Las Vegas Sands Corp. (NYSE:LVS) , today reported financial results for the quarter ended September 30, 2008.

Development Update-

Given current conditions in the capital markets and the global economy and their impact on the Company's ongoing operations, the Company has chosen to temporarily or indefinitely suspend portions of its development projects and will focus its development efforts on those projects with the highest rates of expected return on invested capital given the liquidity and capital resources available to the Company today. As previously announced, the company is in the process of arranging a capital raising transaction. The development plan outlined below is dependent on the Company raising additional capital.

In Las Vegas, development of the St. Regis Residences will be suspended indefinitely, although the completion of the podium component of the condominium tower, which will generate rental income from currently executed leases, will continue and is expected to be completed during the first quarter of 2009. The estimated cost to prepare the site for the delay and to complete the podium portion of the project is approximately $95 million.

In Bethlehem, Pennsylvania, we will focus our development efforts on the casino component of Sands Bethlehem, which includes the casino and related amenities including restaurants and a 3,500-space parking garage. We plan to open the casino component in the second quarter of 2009. The estimated cost to complete the casino component of the project, including preopening and furniture, fixtures, and equipment costs, is approximately $427 million.

In Macao, development of sites five and six on the Cotai Strip will be temporarily suspended until conditions in the capital markets improve. We will continue to pursue a project-level financing that would allow us to complete construction of the first phase of this project, which will include a Shangri-La / Traders hotel tower, an 1,800-room Sheraton hotel tower, and three casinos featuring a total of 790 gaming tables and 3,500 slot machines. Through September 30, we have spent approximately $1.16 billion on the development of the sites, and we expect to incur additional costs of approximately $430 million through June 30, 2009, as we prepare the site for a potential indefinite suspension. Our temporary suspension program will enable us to recommence development in an efficient fashion, should sufficient capital to complete phase one of our development plans become available on reasonable terms.

Also in Macao, we will continue the development of the Four Seasons Private Apartments Macao, and expect to complete this project in the third quarter of 2009. The expected cost to complete the construction of the Four Seasons Private Apartments, including furniture, fixtures and equipment and preopening costs, is approximately $463 million.

Given that our SGD $5.44 ($3.8 billion at current exchange rates) billion credit facility to support the development of Marina Bay Sands in Singapore is already in place, our development there is not significantly impacted by the current capital market conditions. Our development plans for Marina Bay Sands, therefore, have not changed. We continue to target a late 2009 opening for Marina Bay Sands. To date, we have invested approximately $1.81 billion in construction costs in the project, including land, and have contributed approximately $616 million in equity for the project to date. Our current estimated cost to complete the construction of the project is approximately $2.7 billion, and we expect to fund between 75% and 80% of those future construction costs through proceeds from our Singapore credit facility, of which approximately $2.0 billion is available at current exchange rates. We currently expect to invest approximately $500 million in additional equity in the project through the targeted opening of the property in late 2009.

Full Third Quarter Report