Las Vegas Sands Anticipates that Integrated Resorts will Drive Broad Benefits for Spain’s Tourism Industry Marina Bay Sands, model for the potential Integrated Resorts in Spain, contributed to Singapore’s record tourism numbers and receipts in 2011BARCELONA/MADRID, March 1, 2012 – Las Vegas Sands Corp. , the leadinginternational developer of multi-use integrated resorts, today emphasized the positiveimpact on the tourism sector that a potential strip of Integrated Resorts couldgenerate in SpainAccording to research commissioned by LVS, the Sands development would attract upto 11 million unique tourists, contributing to 40 million day visits and producingincremental tourism spending of about €15.5 billion over the next 10-15 years.The envisioned 12 Integrated Resorts will provide a diverse range of leisure andbusiness facilities and attractions for visitors, enhancing the country’s reputation as apremier tourism destination. Each resort will be a unique response to the needs of themarket and will be designed to become an integral part of the host city.Research indicates that, excluding gaming, the typical visitor to the Sands strip ofproperties would spend up to 150 percent more per day than the current averagetourist in Barcelona or Madrid, the two Spanish cities being considered for the project..The range of offerings, including hotels, retail, dining and entertainment, gaming,Meetings, Incentives, Exhibition and Convention (MICE) facilities, and world-classamenities like spas, fitness, swimming and golf, will require more lodging than theSands properties can accommodate. It’s estimated that up to 17% of all overnight stayswould need to be accommodated outside of the proposed development, generatingincremental occupancy and business for the tourism sector.“In addition to substantial employment opportunities, our experience clearlydemonstrates that the Integrated Resorts have a multiplier effect, which for Spain willmean expansion of a wide range of supporting businesses as well as greater interestand spending in other Spanish regions and attractions,” said Mike Leven, president andchief operating officer of Las Vegas Sands Corp.
One year after Marina Bay Sands opened up its 5-star luxury resort in Singapore in2010, the country experienced record tourism figures, with double-digit growth invisitor arrivals and revenues.According to the Singapore Tourism Board (STB), the country had 13.2 million visitorslast year, 13 percent more than the 11.6 million who came in 2010. Tourists spent anestimated S$22.2 billion, an increase of 17 percent from the S$18.9 billion the previousyear. This comes after 2010 visitor arrivals and tourism receipts grew 20 percent and49 percent, respectively, over 2009 figures.The STB indicates that Singapore is on track to achieve the STB’s goals of 17 millionvisitors and S$30 billion in tourism receipts by 2015.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 PrivateSecurities Litigation Reform Act of 1995 (United States). Forward-looking statementsinvolve a number of risks, uncertainties or other factors beyond the Companyscontrol, which may cause material differences in actual results, performance or otherexpectations. These factors include, but are not limited to general economicconditions, competition, new ventures, government regulation, legalization of gaming,interest rates, future terrorist acts, insurance, and other factors detailed in the reportsfiled by Las Vegas Sands Corp. with the Securities and Exchange Commission. Las VegasSands Corp. assumes no obligation to update such information.ABOUT LAS VEGAS SANDS CORP.Las Vegas Sands Corp. (NYSE: LVS) is a Fortune 500 company and the leading globaldeveloper of destination properties (integrated resorts) that feature premiumaccommodations, world-class gaming and entertainment, convention and exhibitionfacilities, celebrity chef restaurants, and many other amenities.THE VENETIAN® and THE PALAZZO®, Five-Diamond luxury resorts on the LasVegas Strip, and SANDS® Bethlehem in Eastern Pennsylvania are the companysproperties in the United States.In Singapore, the iconic MARINA BAY SANDS® is the most recent addition to thecompanys portfolio.Through its majority-owned subsidiary Sands China Ltd., the company also owns acollection of properties in Macau, including THE VENETIAN® Macao, Four SeasonsHotel Macao, and Sands Cotai Central, a 13.7 million square foot 6,400-room complexopening in early 2012 at the companys COTAI STRIP® development. The company alsoowns the SANDS® Macao on the Macau peninsula.
Las Vegas Sands is also committed to global sustainability through its SANDS Eco 360program and is an active community partner through its various charitableorganizations.Media Contacts:Patricia Madrigalpatricia.email@example.com+34 93 488 1290 ###