Presentation

1. The Venetian Macao Marina Bay Sands, Singapore
Sands Macao Four Seasons Macao Sands Bethlehem The Venetian Las Vegas The Palazzo Las Vegas
3Q14 Earnings Call Presentation
October 15, 2014
The Parisian, Macao
(Targeted to open late 2015)Sands Cotai Central, Macao

2. This presentation contains 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, substantial leverage and debt service,
government regulation, legalization of gaming, interest rates, future terrorist acts,
influenza, insurance, gaming promoters, risks relating to our gaming licenses, certificate
and subconcession, infrastructure in Macao and other factors detailed in the reports
filed by Las Vegas Sands Corp. with the Securities and Exchange Commission. Readers
are cautioned not to place undue reliance on these forward‐looking statements, which
speak only as of the date thereof. Las Vegas Sands Corp. assumes no obligation to
update such information.
Forward Looking Statements
2

3.  The global leader in Integrated Resort development and operation, delivering strong cash
flow, earnings and growing recurring dividends
 Best positioned operator to deliver growth in Asia, with the pre‐eminent destination
Integrated Resort properties in the world’s largest and most lucrative consumer markets
 Uniquely positioned to bring unmatched track record, powerful convention‐based business
model and the industry’s strongest balance sheet to the world’s most promising Integrated
Resort development opportunities
 Committed to maximizing shareholder returns by delivering growth while continuing to
increase the return of capital through recurring dividend and stock repurchase programs
 The industry’s most experienced leadership team: visionary, disciplined and dedicated to
driving long‐term shareholder value
The Investment Case for Las Vegas Sands
3
Maximizing Return to Shareholders by:
1. Delivering growth in current markets
2. Using leadership position in convention‐based Integrated Resort development and
operation to pursue global growth opportunities
3. Increasing return of capital to shareholders

4.  Adjusted diluted EPS increased 2.4% to $0.84 per share
 Consolidated adjusted property EBITDA up 0.6% to $1.28 billion
 Macao – Adjusted property EBITDA increased 3.2% to $809.0 million, reflecting mass gaming and
non‐gaming growth but a challenging VIP environment
 Marina Bay Sands – Adjusted property EBITDA decreased 5.9% to $351.7 million reflecting record
mass and non‐gaming results but a challenging VIP environment
 LVS returned a total of $701.0 million to shareholders during the quarter
— $401.2 million ($0.50 per share) returned through recurring dividend
— $299.8 million returned through share repurchases
 LVS Board increases capital return to shareholders by:
— Increasing recurring dividend for the 2015 calendar year by 30% to $2.60 per share
— Authorizing additional $2.0 billion for share repurchase program
Third Quarter 2014 Highlights
Steady Operating Quarter with Increasing Returns of Capital to Shareholders
4
NOTE: All comparisons in this presentation compare the third quarter 2014 against the third quarter 2013 unless otherwise specified.

5. $ in millions, except per share information 3Q13 3Q14 $ Change % Change
Net Revenue 3,568.5$ 3,533.1$ (35.4)$ ‐1.0%
Adjusted Property EBITDA 1,275.8$ 1,283.9$ 8.1$ 0.6%
Adjusted Property EBITDA Margin 35.8% 36.3% 50 bps
Adjusted Diluted EPS 0.82$ 0.84$ 0.02$ 2.4%
Dividends per Common Share 0.35$ 0.50$ 0.15$ 42.9%
Hold‐Normalized Adjusted Property EBITDA 1,250.3$ 1,255.1$ 4.8$ 0.4%
Hold‐Normalized Adj. Property EBITDA Margin 35.3% 36.4% 110 bps
Hold‐Normalized Adjusted Diluted EPS 0.79$ 0.81$ 0.02$ 2.5%
Third Quarter 2014 Financial Results
5

6.  Macao – Steady EBITDA with growth in mass and retail offset by contracting VIP business
— Mass table win increased 14.8% to $1.22 billion
— Slot and ETG win increased 6.0% to $175.9 million
— Retail mall revenue increased 17.5% to $105.0 million
— Rolling win decreased 21.9% to $1.02 billion
 Singapore – Record mass business; Growth in retail and mass offset by contracting VIP business
— Mass table and slot win increased 6.6% to $443.8 million (MBS delivered a property record $4.82
million win per day)
— Room revenue increased 8.9% to $101.6 million with ADR of $468, occupancy of 99.4% and RevPAR
of $465
— Mall revenue increased 17.9% to $44.8 million
— Rolling win decreased 38.6% to $241.2 million
Macao – Growth in Mass Segments; VIP Challenging
Singapore – Growth in Mass Segments; VIP Challenging
Segments
6

7. Year Year Nine Months
Ended Ended Ended
$ in millions 12/31/2012 12/31/2013 9/30/2014 Total
LVS Dividends Paid1
823$ 1,153$ 1,210$ 3,186$
LVS Special Dividend Paid 2,262 ‐ ‐ 2,262
LVS Shares Repurchased ‐ 570 1,430 2,000
Subtotal LVS 3,085$ 1,723$ 2,640$ 7,448$
SCL Dividends Paid2
357 411 777 1,545
Total 3,442$ 2,134$ 3,417$ 8,993$
$1.00
$1.40
$2.00
$2.60
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
2012 2013 2014 2015
7
Increasing Return of Capital to Shareholders
Nearly $9.0 Billion of Capital Returned to Shareholders Over Last 11 Quarters
LVS Recurring Dividends per Share1
 The LVS Board of Directors increased the LVS
recurring dividend by 30.0% to $2.60 per share for
the 2015 calendar year ($0.65 per share payable
quarterly)
 The LVS Board of Directors also authorized an
additional $2.0 billion stock repurchase program
following the completion of the previous $2.0 billion
program
 The company remains committed to returning
capital to shareholders via:
— Recurring quarterly dividend program at Las
Vegas Sands with a commitment to grow the
recurring dividend by at least 10% annually
— $2.0 billion Las Vegas Sands stock repurchase
program with a commitment to purchase at
least $75 million of stock each month
— Special dividends
1. Excludes dividends paid by Sands China Ltd. and excludes the $2.75 per share special dividend paid in December 2012.
2. Reflects only the public (non-LVS) portion of dividends paid by Sands China Ltd. (total SCL dividends paid since 2011 of $5.18 billion).
The Company Remains Committed to Returning Capital to Shareholders While Maintaining a
Strong Balance Sheet and the Financial Flexibility to Pursue New Development Opportunities
Total Capital Returned to Shareholders

8. 4.4%
2.3%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
LVS S&P500
5.2%
4.4% 4.3%
3.7%
3.3%
2.9%
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
$50.00 $59.61 $60.00 $70.00 $80.00 $90.00
LVS Generates Greater Forward Dividend Yield
than the S&P500 Index
2015 Forward Dividend
Yield of LVS and S&P5001
1. Reflects the 2015 dividend yield for LVS and the Bloomberg 2015 forward dividend yield estimate for the S&P500 on October 14, 2014.
2. Reflects the 2015 forward LVS dividend ($2.60) over the closing price for LVS on October 14, 2014.
LVS’s 2015 Dividend Yield of 4.4% Reflects a 210 bps
Premium Above the S&P500 Forward Dividend Yield Estimates
Sensitivity of LVS Dividend Yield
Dividend
Yield as of
10/14/14²
+210 bps
8

9. Figures as of September 30, 2014 Sands China U.S. Corporate
(US GAAP in $MM) Ltd. Singapore Operations2
and Other Total
Cash, Cash Equivalents and Restricted Cash 2,188.4$ 429.6$ 376.9$ 158.7$ 3,153.6$
Debt 3,212.9$ 3,610.5$ 3,115.2$ ‐$ 9,938.6$
Net Debt 1,024.5$ 3,180.9$ 2,738.3$ (158.7)$ 6,785.0$
Trailing Twelve Months Adjusted Property EBITDA 3,388.0$ 1,463.4$ 438.8$ ‐$ 5,290.2$
Gross Debt to Trailing Twelve Months EBITDA 0.9 x 2.5 x 7.1 x NM 1.9 x
Net Debt to Trailing Twelve Months EBITDA 0.3 x 2.2 x 6.2 x NM 1.3 x
At September 30, 2014:
 Trailing Twelve Months EBITDA – $5.29 billion
 Trailing Twelve Months LVS Dividends Paid – $1.50 billion
 Trailing Twelve Months SCL Dividends Paid – $776.6 million1
 Trailing Twelve Months LVS Stock Repurchases – $1.65 billion
 Cash Balance – $3.15 billion
 Net Debt – $6.79 billion
 Net Debt to TTM EBITDA – 1.3x
Strong Cash Flow, Balance Sheet and Liquidity
Flexibility for Future Growth Opportunities and Increasing Return of Capital
9
1. Reflects only the public (non‐LVS) portion of dividends paid by Sands China Ltd. Total TTM dividends paid by Sands China Ltd. were $2.60 billion.
2. U.S. Operations includes the cash and debt at the U.S. Restricted Group (plus $64.6M in airplane and other financings) and adjusted property EBITDA from Las Vegas operations and Sands Bethlehem.
3. The net leverage ratio for covenant compliance purposes, which includes the dividends and royalty fees paid by Sands China Ltd. and Marina Bay Sands to the U.S. Operations, was 0.9x.
Strong Balance Sheet and Cash Flow Maximize Financial Flexibility
3

10. $784.3
$809.0
$784.3 $772.1
34.0% 35.1% 34.0% 35.0%
0%
10%
20%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
3Q13 3Q14 3Q13 3Q14
Macao Operating Performance
Growing Mass Business Offset by Contracting VIP Segment
10
($MM)
Macao Property Operations Adjusted Property EBITDA and Adjusted Property EBITDA Margin
Actual Hold‐Normalized
‐1.6%+3.2%

11.  Mass tables
— Mass table win up 14.8% to $1.22 billion compared to 16.3% growth for the Macao market
— Mass table efficiency up 5.1% to $11,518 win per table per day (reflecting an increase of 97 mass
tables compared to the same quarter last year)
— Mass table count increased by 9.3% to reach an average of 1,150 mass tables during the quarter
 Slots and ETGs
— Slot and ETG win up 6.0% to $175.9 million driven by increased slot play at Sands Cotai Central
 VIP gaming
— Rolling win down 21.9% to $1.02 billion compared to a decrease of 19.0% for the Macao market
— VIP table efficiency decreased 1.6% to $29,893 win per VIP table per day
— VIP table count decreased by 20.8% to an average of 370 VIP tables during the quarter
Macao Gaming Performance
Growth and Increased Efficiency Across Macao Mass Property Portfolio
11
Our Macao Growth Strategy Focuses on Mass Market Segments including
Tables, Slots and ETGs ‐‐ and Non‐gaming Offerings including Hotel, Retail and Entertainment

12. $2,084 $2,409
$3,355
$4,358
$4,952
$6,587
$8,949
$11,674
$15,309
$18,115
$3,928
$4,520
16%
39%
30%
14%
33%
36%
30% 31%
28%
0%
10%
20%
30%
40%
50%
60%
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
$18,000
$20,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 TTM
3Q14
3Q13 3Q14¹
Mass Table and Slot GGR Year‐over‐Year Growth
Continued Growth in Macao’s High Margin
Mass Market
12
Macao Mass Table and Slot Gross Gaming Revenue
($MM)
Source: Macao DICJ
1. In 3Q14, Macao market mass table and slot revenue grew at 15% (16% mass table growth and 5% slot growth).
Macao’s Mass Table and Slot Revenue Growth at
TTM September 30, 2014 was 28% (31% Mass Table Growth and 6% Slot Growth)

13. $3,579
$4,670
$6,123
$7,246 $2,446
$2,637
$2,985
$2,897
$6,025
$7,307
$9,108
$10,143
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
2011 2012 2013 TTM 3Q14
Mass Tables, Slots and ETGs VIP Tables
Macao Market VIP and Mass Gaming Estimated Operating Profit ¹
The Mass Business is the Principal Profit Pool and
the Primary Driver of Earnings Growth in Macao
($MM)
Source: Macao DICJ
1. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.
― The VIP Business Now Generates Approximately $450 Million in Incremental Operating Profit
― The Mass Business Now Generates Approximately $3.7 Billion in Incremental Operating Profit
13
(59%)
(64%)
(67%)
(71%)(41%)
(36%)
(33%)
(29%)
(XX%) = % of total
operating profit for period
Since 2011:

14. Mass Tables
50%
Slots 9%
Hotel 11%
Mall 8%
Other 2%
VIP 20%
Mass Tables
53%
Slots 8%
Hotel 13%
Mall 8%
Other 2%
VIP 16%
TTM 3Q131
Macao: Diversified and Stable Sources of
Departmental Profit For Las Vegas Sands and Sands China
14
Mass Tables / Slots and Non‐Gaming Generated 84% of Macao’s Departmental Profit
in the TTM Period Ending 3Q14 vs. 80% in the TTM Period Ending 3Q13
Macao Departmental Profit Contribution by Segment
TTM 3Q14¹
1. Represents departmental profit by segment (before unallocated expenses) for the respective TTM periods ending September 30, 2013 and 2014.

15. 450.7
529.9
769.7
927.0
679.2
812.5
10.9% 10.9%
11.8%
10.4% 10.6% 10.9%
0%
5%
10%
15%
20%
25%
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
$1,000
2010 2011 2012 2013 9 Months
Ended
9/30/2013
9 Months
Ended
9/30/2014
Labor Expense Labor Expense as a % of Net Revenue
Labor Costs in Macao
While Costs Have Increased, They Are Relatively Stable as a % of Net Revenue
15
SCL Historical Labor Expense
($MM)
Opening of
Sands Cotai
Central

16. Executing Our Mass Strategy in Macao
Expansion of Mass Market
Offerings Underway with The Parisian
Family-friendly Entertainment World Class Concerts, Sporting Events
and Other Entertainment Offerings
Over 1.2 million sq. feet
of World Class Shopping
Market-Leading Customer Database
Highly Themed Tourism Attractions
Portfolio of Nearly
9,300 Suites and Hotel Rooms
Over 2 million sq. feet of Conference,
Exhibition and Carpeted Meeting Space
The Broadest
and Deepest
Mass
Tourism
Offerings
in Macao
Our Diversified Offerings Appeal to the Broadest Set of Customers
and Comprise a Unique Competitive Advantage in Macao 16

17. Evolution of the Macao Mass Visitor
Drivers
 More efficient and affordable
transportation infrastructure
 Additional tourism attractions in
Macao and Hengqin Island
 Greater number of hotel rooms in
Macao
 Rapidly expanding middle‐class
with growing disposable income
17
As a result, Macao’s Mass visitors are:
 Coming From Farther
Away
 Staying Longer
 Spending More On:
• Dining
• Retail
• Entertainment
• Gaming

18. Twelve Months Ended August 31, Population GDP Per Penetration
Province 2013 2014 % Change (MM) Capita (US$) Rate (LTM)
Guangdong 8,064,422 8,677,234 +8% 104 $9,452 8.3%
Fujian 786,691 850,603 +8% 37 $9,342 2.3%
Hunan 619,573 728,897 +18% 66 $5,936 1.1%
Zhejiang 644,779 675,167 +5% 54 $11,054 1.2%
Hubei 532,572 638,481 +20% 58 $6,881 1.1%
Jiangsu 520,787 551,304 +6% 79 $12,047 0.7%
Shanghai 544,134 545,180 +0.2% 23 $11,054 2.4%
Guangxi 391,508 464,695 +19% 46 $4,939 1.0%
Henan 360,692 462,482 +28% 94 $5,518 0.5%
Jiangxi 365,352 435,663 +19% 45 $5,130 1.0%
Sichuan 375,020 383,837 +2% 80 $5,240 0.5%
Beijing 352,599 372,950 +6% 20 $15,051 1.9%
Hebei 242,548 312,802 +29% 72 $6,251 0.4%
Shandong 278,869 273,055 ‐2% 13 $9,094 2.1%
Chongqing 218,096 241,942 +11% 13 $6,910 1.9%
Shanxi 240,040 228,512 ‐5% 36 $5,621 0.6%
Inner Mongolia 133,350 130,397 ‐2% 25 $10,899 0.5%
All Other Provinces 3,476,860 4,428,371 +27% 527 N/A 0.8%
Subtotal (Excluding
Guangdong)
10,083,470 11,724,338 +16% 1,288 $6,617 0.9%
Total China 18,147,892 20,401,572 +12% 1,392 $6,767 1.5%
Strong Growth in Mainland Chinese Visitation to Macao
Strongest Growth Realized in Provinces Served by High Speed Rail
18NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.
Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates
Year‐Over‐Year Visitation Growth Mainland Chinese Visitation to Macao
Greater than 20%
Data Not Available‐10% ‐ 0%
0% ‐ 10%
10% ‐ 20%

19. $10,961
$12,143
$13,210
$11,963
$11,518
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
3Q13 4Q13 1Q14 2Q14 3Q14
$1,061.2
$1,218.5
$1,336.7
$1,248.8 $1,218.2
29.8% 30.5% 31.6% 30.5% 30.0%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
55%
60%
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
3Q13 4Q13 1Q14 2Q14 3Q14
Mass Table Win % of Macao Mass Table Win
Mass Table Win Increased 14.8% Mass Table Win per Table per Day2
19
($MM)
1,091
Avg. Mass
Tables
1,124 1,147 1,1501,052
Greater Than $2.0 Billion of Annual Departmental Profit at the 3Q14 Run‐Rate
Source: Macao DICJ
1. LVS’s mass table market share as presented above reflects the Macao DICJ’s presentation methodology, which includes live dealer ETG configurations within the mass table segment and Paiza cash
revenue within the VIP segment. For financial reporting purposes, LVS presents a non‐rolling table segment (which includes Paiza cash and excludes all ETGs) and a slot segment (which includes all ETGs).
2. Excludes revenue from all ETGs.
Growth in Macao Mass Table Business
Growth and Productivity Gains in Macao’s Most Important Segment
1

20. Extending Our Leadership in Macao’s Mass Market
Meaningful Opportunity to Continue to Grow Mass Table Business
201. Based on departmental profit margin of 42.5% of mass table revenue for LVS’s Macao operations.
Over $2.0 billion of Annualized Mass Table Departmental Profit Today…
Opportunity for Additional Growth Through Continued Execution of Our Mass Strategy
Illustrative Profitability of LVS’s Macao Market Mass Table Offering ($MM)1
Our departmental profit
opportunity in the mass
table segment in Macao
LVS’s 3Q14 annualized mass
table departmental profit
Mass Table Win per Unit per Day
$11,000 $11,518 $12,000 $13,000 $14,000 $15,000 $16,000
1,300 $2,218 $2,323 $2,420 $2,622 $2,823 $3,025 $3,227
# of 1,250 $2,133 $2,233 $2,327 $2,521 $2,715 $2,909 $3,103
Mass 1,200 $2,048 $2,144 $2,234 $2,420 $2,606 $2,792 $2,978
Tables 1,150 $1,962 $2,055 $2,141 $2,319 $2,498 $2,676 $2,854
1,100 $1,877 $1,965 $2,048 $2,218 $2,389 $2,560 $2,730

21. $452
$559
$580
$547
$509
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
3Q13 4Q13 1Q14 2Q14 3Q14
$609
$659
$757
$702 $709
$0
$100
$200
$300
$400
$500
$600
$700
$800
$900
3Q13 4Q13 1Q14 2Q14 3Q14
21
LVS Base Mass Table Win by Quarter
Macao: Healthy Growth in Base Mass and Premium
Mass Revenues
Note: LVS base mass and premium mass table revenues are based on geographic position of the tables on the gaming floor.
Our Mass Table Offering is the Broadest and the Deepest in the Macao Market
($MM)
LVS Premium Mass Table Win by Quarter
LVS Departmental Profit Margin: 40% - 50% LVS Departmental Profit Margin: 25% - 40%
($MM)
248
Avg.
Tables
290 314255 261877
Avg.
Tables
857 836798 829
Avg. Win per Table per Day: $9,218 Avg. Win per Table per Day: $17,676

22. $165.9
$173.8
$184.3
$177.6 $175.9
32.6% 32.7% 32.2% 32.5%
31.5%
0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
$200
$220
3Q13 4Q13 1Q14 2Q14 3Q14
Slot & ETG Win % of Macao Market Slot Win
$327
$353
$388
$401
$424
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
$500
3Q13 4Q13 1Q14 2Q14 3Q14
Macao Slot and ETG Win Increased 6.0% Macao Slot and ETG Win per Unit per Day
22
($MM)
5,348
Avg. Slots
& ETGs
5,277 4,865 4,5155,507
~ $330 Million of Annual Departmental Profit at the 3Q14 Run‐Rate
Source: Macao DICJ
1. LVS’s slot market share as presented above reflects the Macao DICJ’s slot revenue reporting methodology, which excludes ETG play. Live dealer ETG configurations are reported within
the mass table segment. For financial reporting purposes, LVS presents a non-rolling table segment (which excludes all ETGs) and a slot segment (which includes all ETGs).
Profitable Macao Slot Business Continues to Grow
1

23. $5.9
$4.3
$1.0
$11.2
$2.1
$13.3
$6.6
$5.4
$1.0
$13.0
$2.2
$15.2
$0.0
$3.0
$6.0
$9.0
$12.0
$15.0
$18.0
Venetian
Macao
Sands Cotai
Central
Plaza Casino
(Four Seasons)
Total
Cotai Strip
Sands Macao Total
Macao Ops
3Q13 3Q14
Mass Table, Slot and ETG Win Per Day
($MM)
Healthy Mass Growth Across our Macao Property Portfolio
23
Strong Growth at The Venetian Macao and Sands Cotai Central Drove an Increase of
14.3% in Our Portfolio‐wide Mass Win per Day to Market Leading $15.2 Million per Day
Cotai Strip Properties Peninsula Total
0.0%
Mass Tables 499 378 94063 210 1,150
Slots
ETGs
1,342 987 2,473144 533 3,006
545 637 1,1908 319 1,509
3Q14 Average Table, Slot and ETG Units

24. $30,365
$32,837
$39,167
$32,568
$29,893
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
3Q13 4Q13 1Q14 2Q14 3Q14
$1,303.4 $1,327.2
$1,445.3
$1,116.9
$1,018.6
18.4%
16.9%
18.3%
16.8%
17.9%
0%
5%
10%
15%
20%
25%
30%
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
3Q13 4Q13 1Q14 2Q14 3Q14
Rolling Win % of Macao Market Rolling Win
Rolling Win per Table per Day
24
Rolling Win Decreased 21.9%
439
Avg. Rolling
Tables 410 377 370467
Approximately $400 Million of Annual Departmental Profit at the 3Q14 Run‐Rate
($MM)
VIP Business in Macao Has Contracted
Rolling Segment Represents 16% of Our TTM Cash Flow
2.68% 3.18% 3.19% 3.26%2.87%
Rolling
Win %

25. Expanding Our Critical Mass on the Cotai Strip
The Parisian Macao
25LVS
Operating
Assets
Third Party
Operating
Asset
Third Party
Future
Development
Construction Progress – October 13, 2014Map of Macao’s Cotai Strip
 The Parisian Macao will be a $2.7 billion themed, aspirational
destination Integrated Resort
 Construction is progressing
 Targeted opening date: Late 2015
 Hotel rooms and suites: 3,000+
 Gaming capacity: ~450 table games and 2,500 slots and ETGs
 Additional amenities including retail mall, 50% scale replica Eiffel
Tower, MICE space, diverse food & beverage options and
entertainment
 The Parisian Macao will be interconnected to our other Cotai Strip
Properties through mall access and other pedestrian connectivity
including a walkover bridge from Sands Cotai Central
Rendering of The Parisian Macao
LVS Future
Development

26. $2.97 $3.16
$1.55 $1.66
$4.52 $4.82
$0.0
$1.0
$2.0
$3.0
$4.0
$5.0
3Q13 3Q14
Non‐Rolling Tables Slot Machines
$373.6
$351.7
$373.6 $366.5
48.3% 47.8% 48.3% 48.6%
30%
40%
50%
60%
$0
$100
$200
$300
$400
$500
3Q13 3Q14 3Q13 3Q14
Marina Bay Sands Operations
Record Mass and Retail Business Performance Offset by Contracting VIP Segment
26
Actual
 Adjusted property EBITDA of $351.7 million, a
decrease of 5.9%
— Hold‐normalized adjusted property EBITDA of
$366.5 million, a decrease of 1.9%
 Total mass (non‐rolling tables and slots) win per
day increased 6.6% to reach a record $4.82
million
— Non‐Rolling win increased 6.4% to a record
$291.1 million
— Slot win increased 7.1% to a record $152.8
million
 Strong growth in hotel ADR, which increased
16.7% to $468 while room revenue increased
8.9% to reach $101.6 million
 Rolling win decreased 38.6% to $241.2 million
(rolling volume decreased 33.8% to $9.12 billion)
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Continued Growth in Mass Table, Slot, Hotel and Retail Businesses Offset by Contracting VIP Segment
Non‐Rolling Table and Slot Win Per Day
Hold‐Normalized

27. VIP
13%
Mass Tables
38%
Slots
20%
Hotel
17%
Mall
7%
Other
5%
VIP
11%
Mass Tables
38%
Slots
21%
Hotel
18%
Mall
7%
Other
5%
TTM 3Q131
Singapore: Diversified and Stable Sources of
Departmental Profit For Las Vegas Sands
27
Mass Tables / Slots and Non‐Gaming Generated 89% of Singapore’s Departmental Profit
in the TTM Period Ending 3Q14 vs. 87% in the TTM Period Ending 3Q13
Singapore Departmental Profit Contribution by Segment
TTM 3Q14¹
1. Represents departmental profit by segment (before unallocated expenses) for the respective TTM periods ending September 30, 2014 and 2013.

28. $160 $169 $177 $182 $188
$97
$113
$126 $125 $129
$38
$42
$43 $45
$52
$155
$154
$156 $160
$167
$450
$478
$502 $512
$536
$0
$100
$200
$300
$400
$500
$600
3Q13 4Q13 1Q14 2Q14 3Q14
Venetian Macao Four Seasons Macao Sands Cotai Central¹ Marina Bay Sands²
Asian Retail Mall Revenue Increasing Steadily
28
($MM)
Trailing Twelve Months Retail Mall Revenue
85% 86% 86% 86%
Operating
Profit Margin
84%
1. At September 30, 2014, 322,309 square feet of gross leasable area were occupied out of a total of up to 600,000 square feet of retail mall space that will be featured at completion of all phases.
2. 37,000 square feet of the Shoppes at Marina Bay Sands (5.7% of total mall square footage) was being repositioned to higher yielding luxury tenants during the third quarter.
3. Tenant sales per square foot is the sum of reported comparable sales for the trailing 12‐months divided by the comparable square footage for the same period. Only tenants that have occupied mall
space for a minimum of 12 months are included in the tenant sales per square foot calculation.
$407M $430M $442M $463M
Operating
Profit
$379M
TTM 3Q14 Sales
per Sq. Foot³
MBS:
$1,423
SCC:
$1,472
Four Seasons:
$5,810
Venetian:
$1,579

29. South Korea
Promising Areas of Future Development Interest for Las Vegas Sands
Japan
 As the global leader in Integrated Resort development and operation, Las Vegas Sands is uniquely positioned to
bring its unmatched track record and powerful convention‐based business model to the world’s most promising
Integrated Resort development opportunities
 Development opportunity parameters:
— Minimum of 20% return on total invested capital
— 25% ‐ 35% of total project costs to be funded with equity (project financing to fund 65% ‐ 75% of total project
costs)
Disciplined Execution of Our Global Growth Strategy
29
Macao
The Parisian Macao
St. Regis Tower at
Sands Cotai Central
Vietnam

31. Appendix

32. $ in millions 3Q13 4Q13 1Q14 2Q14 3Q14
Macao Property Operations
Reported 784.3$ 835.9$ 939.8$ 801.3$ 809.0$
Hold‐Normalized 784.3$ 866.8$ 864.8$ 752.5$ 772.1$
Marina Bay Sands
Reported 373.6$ 258.8$ 435.2$ 417.8$ 351.7$
Hold‐Normalized 373.6$ 341.3$ 377.9$ 368.5$ 366.5$
Las Vegas Operations
Reported 87.1$ 88.2$ 79.7$ 66.1$ 90.2$
Hold‐Normalized 61.6$ 93.7$ 97.3$ 70.4$ 83.6$
Sands Bethlehem
Reported 29.6$ 30.3$ 26.5$ 27.9$ 29.8$
Hold‐Normalized 29.6$ 30.3$ 26.5$ 27.9$ 29.8$
LVS Consolidated2
Reported 1,275.8$ 1,214.0$ 1,479.7$ 1,312.6$ 1,283.9$
Hold‐Normalized 1,250.3$ 1,332.9$ 1,365.2$ 1,218.8$ 1,255.1$
Historical Hold‐Normalized Adj. Property EBITDA1
32
1. This schedule presents hold-normalized adjusted property EBITDA based on the following methodology:
(a) for Macao operations and Marina Bay Sands: if the quarter’s rolling win percentage is outside of the 2.70%-3.00% band, then a hold-adjustment is calculated by applying a rolling win percentage of 2.85% to
the rolling table volume for the quarter.
(b) for Las Vegas operations: if the quarter’s Baccarat win percentage is outside of the 22.0%-30.0% band, then a hold-adjustment is calculated by applying a Baccarat win percentage of 26.0%, and if the
quarter’s non-Baccarat win percentage is outside of the 14.0%-18.0% band, then a hold-adjustment is calculated by applying a non-Baccarat win percentage of 16.0%.
(c) for Sands Bethlehem: no hold-adjustment is made.
(d) for all properties: gaming taxes, commissions paid to third parties on incremental win, bad debt expense, discounts and other incentives are applied to determine the EBITDA impact.
2. Reflects consolidated adjusted property EBITDA inclusive of Other Asia (principally CotaiJet operations) segment.

33. $1,086
$2,229
$3,532
$3,791
$4,763
$5,290
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2009 2010¹ 2011 2012² 2013 TTM 3Q14
$4,563
$6,853
$9,411
$11,131
$13,770
$14,824
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
$14,000
$16,000
2009 2010¹ 2011 2012² 2013 TTM
3Q14
LVS Historical Net Revenue
($MM)
Strong Historical Revenue and EBITDA Growth
Over the Last Four Years
LVS Historical Adjusted Property EBITDA
($MM)
Margin 23.8% 32.5% 34.1%37.5% 34.6%
1. Marina Bay Sands opened in April 2010.
2. Sands Cotai Central opened in April 2012.
The Power and Consistency of our Convention‐Based Integrated
Resort Business Model is Reflected in our Financial Results
35.7%
33

34. $0.07
$0.98
$2.02
$2.14
$2.90
$3.38
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
2009 2010¹ 2011 2012² 2013 TTM 3Q14
$48
$775
$1,644
$1,768
$2,399
$2,753
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
2009 2010¹ 2011 2012² 2013 TTM 3Q14
LVS Historical Adjusted Net Income
Strong Historical Adjusted Net Income and
Adjusted EPS Growth Over the Last Four Years
LVS Historical Adjusted Diluted Earnings per Share
($MM)
Diluted
Shares
Outstanding
728M 792M 825M812M 826M
1. Marina Bay Sands opened in April 2010.
2. Sands Cotai Central opened in April 2012.
3. Reflects the simple average of the diluted shares outstanding for the four component quarters.
The Power and Consistency of our Convention‐Based Integrated
Resort Business Model is Reflected in our Financial Results
813M
3
34

35. $472 $447 $500 $500 $500 $500
$100 $150
$830
$192
$100 $100
$25
$40
$210
$400
$1,275
$600
$105
$140
$400
$200
$25
$107
$49
$145
$1,449
$898
$1,385
$2,425
$1,325
$630
$0
$500
$1,000
$1,500
$2,000
$2,500
2012A 2013A 2014E 2015E 2016E 2017E
Maintenance Investments in Current Properties¹ Sands Cotai Central The Parisian Macao² St. Regis at SCC Other
Capital Expenditures Expectations
Future Investments Include The Parisian Macao, St. Regis at SCC and Maintenance
Future Capital Expenditures Focused on Growth in Asia
($MM)
1. Reflects investments that will generate future income in our current property portfolio (including the Four Seasons Apart‐Hotel and a third gaming area at Sands Cotai Central).
2. The timing of capex is subject to the receipt of timely government approvals.
Sands Cotai Central
The Parisian Macao2
St. Regis at Sands Cotai Central
LVS Capex Expectations
Development Timeline Pre‐Opening
Post‐Opening
35

36. 180 418
979
1,631
235
1,191
1,950
833
2,115
$26 $102 $102
$333
$1,486
$2,204
$5,696
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
2014 2015 2016 2017 2018 2019 2020
SCL MBS USRG LVSC
Debt Maturity Profile
Debt Maturity by Year at September 30, 2014
Long Term and Low Cost Financing in Place
($MM)
0.3% 1% 1% 15%% of Total 3% 22% 57%
361. Reflects remaining 2014 payments.
1

37. $7,949
$10,073
$964
$1,160
$0
$1,000
$2,000
$3,000
$4,000
$5,000
$6,000
$7,000
$8,000
$9,000
$10,000
$11,000
2Q13 TTM
EBITDA
LVS
EBITDA
Growth
All Others
EBITDA
Growth
2Q14 TTM
EBITDA
$3,361
$1,820
$1,436 $1,395
$1,142
$919
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
LVS Galaxy² MPEL Wynn
Macau
SJM MGM
China
LVS Outperforming the Macao Market in
EBITDA Generation and Growth
LVS Had 33% Market Share of EBITDA in TTM 2Q14 and
Generated 45% of the Incremental EBITDA Created in Macao in TTM 2Q14
Source: Company Reports
1. Reflects adjusted property EBITDA for operating properties based on US GAAP for the twelve months ended June 30, 2014.
2. Galaxy only includes revenue and EBITDA from Starworld and Galaxy Macau.
3. Total market EBITDA share (%) does not foot to 100% due to rounding.
EBITDA
Margin
30% 24% 17% 9% 23%
2Q14 TTM Macao Market EBITDA1
EBITDA
TTM
Growth
29% 28% 33% 17% 26%
($MM)
2Q14 TTM Macao Market EBITDA Growth
($MM)
45% of
Incremental
EBITDA
55% of
Incremental
EBITDA
40%
34%
18% 14% 14% 11% 9%
Macao
Market
EBITDA
Share (%)
33%
³
37

38. $70
$208
$285
$361
$510 $561
$656
$780
$822 $896
$1,045 $1,087 $1,059 $1,120 $1,016 $1,068 $1,028 $984
0.0% 8.4% 9.6%
12.9% 11.3%
14.6%
18.2% 19.8%
23.4%
26.8% 26.7% 27.8%
30.3% 32.0%
37.2% 37.5%
40.9% 41.9%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
$0
$300
$600
$900
$1,200
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
Gross Casino A/R Balance at End of Period Reserve Against Casino A/R Balance
$40
$146
$203
$250 $271
$345
$314
$418
$311 $317
$378 $368
$408
$342
$403
$326
$361
$281
$0
$75
$150
$225
$300
$375
$450
2Q10 3Q10 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14
MBS – Credit Collections Remain Healthy
Reserve Balance Has Now Increased to 41.9% of Gross A/R
38
($MM)
Reserve Balance Has Increased to $412 Million – 41.9% of Gross Accounts Receivable
Casino Credit Collections Remain Stable
$0
Quarterly
Provision
$17M $24M $37M $32M $40M $40M$11M$19M$10M
Life to Date Provision of $518M Represents 9.9% of Rolling Win Since Opening of Property
$38M $39M $37M $39M $36M $36M $33M $30M

39. $303
$415
$241
$218
$544
$633
$0
$100
$200
$300
$400
$500
$600
$700
3Q13 3Q14
Baccarat Non‐Baccarat
$87.1 $90.2
$61.6
$83.6
23.2% 23.7%
17.9%
22.4%
0%
10%
20%
30%
40%
$0
$20
$40
$60
$80
$100
3Q13 3Q14 3Q13 3Q14
Las Vegas Operations
Strength in Baccarat Business and RevPAR
39
Composition of Table Games Drop
 Adjusted property EBITDA was $90.2 million, an
increase of 3.5%
— On a hold‐normalized basis, adjusted property
EBITDA was $83.6 million, an increase of 35.6%
 RevPAR increased 9.4% to $187 with 91.9% occupancy,
with ADR increasing 4.1% to $204
 37.0% increase in Baccarat drop drove a 16.4%
increase in table games drop to $632.9 million
 Slot handle increased 12.1% to $573.1 million
Best opportunities for future growth:
— High‐end Asian gaming growth
— Increase in group room pricing in 2014 and 2015
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Strength in Baccarat Business and Room Pricing Offsets Non‐Baccarat Contraction
Actual
($MM)
Hold‐Normalized

40. $124 $134
$138 $141
$262 $275
$0
$100
$200
$300
3Q13 3Q14
Baccarat Non‐Baccarat
$29.6 $29.8
24.0% 23.4%
0%
10%
20%
30%
40%
$0
$5
$10
$15
$20
$25
$30
$35
3Q13 3Q14
Sands Bethlehem Operations
Leading Tri‐State Region Property With Investments for Future Growth
40
 Adjusted property EBITDA increased 1.0% to $29.8
million
 Table games drop increased 5.0% to reach $274.6 million,
driven by a 8.1% increase in baccarat drop
 Slot handle decreased 0.7% to $1.04 billion
 Retail outlet mall (130,000 SF) features 28 stores
including Coach, Tommy Hilfiger, DKNY, European Body
Concepts Day Spa and recently opened Joli French Bakery
and Cafe
 Event Center (50,000 SF)
— Headline events have included Tiesto, Yes, Willie
Nelson, The Beach Boys, Incubus, Belator MMA,
Glenn Frey, Crosby, Stills and Nash, NBC Fight Night,
and Diana Krall
($MM)
($MM)
Adjusted Property EBITDA
and Adjusted Property EBITDA Margin
Composition of Table Games Drop

41. Macao Market Background
and Infrastructure Slides

42. 38%
71%
62%
29%
0%
20%
40%
60%
80%
100%
Gross Gaming Revenue Operating Profit
Mass Tables and Slots VIP Gaming
$18,115
$28,965
$47,080
$0
$5,000
$10,000
$15,000
$20,000
$25,000
$30,000
$35,000
$40,000
$45,000
$50,000
Gross Gaming Revenue
Mass Tables and Slots VIP Gaming
TTM 3Q14 Macao Market
Gross Gaming Revenue
VIP Gaming Represents 62% of Total Macao GGR…
…but Mass Tables and Slots Generate ~71% of Gaming Operating Profit
($MM)
Composition of Macao Market Gross Gaming
Revenue and Est. Gaming Operating Profit2
Source: Macao DICJ
1. In the third quarter of 2014, the mass table segment grew 16% and the slot business grew 5% compared to the third quarter of 2013.
2. This presentation reflects an assumed operating profit margin of 10.0% on gross VIP revenue and a blended margin of 40% on mass table and slot gross revenue.
Mass Gaming Generates 38% of the Gaming Revenue, but ~71% of the Gaming Operating Profit
42
3Q14 YoY
Growth
‐7%
‐19%
+15%1
~1.9X

43. Five Trends that Will Contribute To Growth
in the Macao Market Over the Next Five Years
1
2
3
4
5
200 million Chinese are expected to travel outside of China by
2020, compared to 83 million in 2012 and 97 million in 2013
Infrastructure and transportation connectivity throughout
China, especially in the Pearl River Delta region, will be
meaningfully expanded
Increasing length of stay in Macao
Hengqin Island will contribute to Macao’s diversification and to
its further development as a business and leisure tourism
destination
Over 13,000 new hotel rooms will open in Macao by 2018
Sources: McKinsey, Ernst & Young, CLSA
43

44. 0%
5%
10%
15%
20%
25%
30%
35%
40%
45%
50%
'56 '60 '64 '68 '72 '76 '80 '84 '88 '92 '96 '00 '04 '08 '12
$4
$8 $11
$14
$15
$22
$30
$44
$55
$70
$102
$120
5
5 9 12
20
31
41
48
57
73
83
97
108
119
132
147
163
180
200
$138
$157
$179
$205
$234
$268
$306
0
50
100
150
200
250
300
350
'95 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 '17 '19
Outbound Travel from China
China Is The World’s Largest and Fastest
Growing Outbound Tourism Market
44
Outbound Travel Penetration¹
Wealth Generation and Increased Mobility in China Have Driven Strong Growth in Outbound Trips and Tourism Spend,
And Comparative Outbound Travel Penetration Rates Show a Meaningful Opportunity for Continued Long‐Term Growth
Expenditure (US$bn)
Chinese outbound
tourists (millions)
CLSA estimates
Source: CLSA, UNWTO
1. Outbound travel penetration is defined as total departures by residents as a percentage of the respective country’s population.
1
China
Japan
Taiwan
Korea
2009‐2013 2012‐2020
Expenditure 27.2% 14.3%
Tourists 16.1% 10.9%
CAGR
44.5%
27.5%
14.5%
6.1%

45. Twelve Months Ended August 31, Population GDP Per Penetration
Province 2013 2014 % Change (MM) Capita (US$) Rate (LTM)
Guangdong 8,064,422 8,677,234 +8% 104 $9,452 8.3%
Fujian 786,691 850,603 +8% 37 $9,342 2.3%
Hunan 619,573 728,897 +18% 66 $5,936 1.1%
Zhejiang 644,779 675,167 +5% 54 $11,054 1.2%
Hubei 532,572 638,481 +20% 58 $6,881 1.1%
Jiangsu 520,787 551,304 +6% 79 $12,047 0.7%
Shanghai 544,134 545,180 +0.2% 23 $11,054 2.4%
Guangxi 391,508 464,695 +19% 46 $4,939 1.0%
Henan 360,692 462,482 +28% 94 $5,518 0.5%
Jiangxi 365,352 435,663 +19% 45 $5,130 1.0%
Sichuan 375,020 383,837 +2% 80 $5,240 0.5%
Beijing 352,599 372,950 +6% 20 $15,051 1.9%
Hebei 242,548 312,802 +29% 72 $6,251 0.4%
Shandong 278,869 273,055 ‐2% 13 $9,094 2.1%
Chongqing 218,096 241,942 +11% 13 $6,910 1.9%
Shanxi 240,040 228,512 ‐5% 36 $5,621 0.6%
Inner Mongolia 133,350 130,397 ‐2% 25 $10,899 0.5%
All Other Provinces 3,476,860 4,428,371 +27% 527 N/A 0.8%
Subtotal (Excluding
Guangdong)
10,083,470 11,724,338 +16% 1,288 $6,617 0.9%
Total China 18,147,892 20,401,572 +12% 1,392 $6,767 1.5%
Strong Growth in Mainland Chinese Visitation to Macao
Strongest Growth Realized in Provinces Served by High Speed Rail
45NOTE: Penetration rates assume that each visitor to Macao from Mainland China is a unique visitor.
Source: Macao DSEC; National Bureau of Statistics of China; LVS Estimates
Year‐Over‐Year Visitation Growth Mainland Chinese Visitation to Macao
Greater than 20%
Data Not Available‐10% ‐ 0%
0% ‐ 10%
10% ‐ 20%
1

46. Infrastructure: China’s High‐Speed Rail
Connecting More of Mainland China to Macao
Source: SCMP, LVS, NYT
46
2
China’s Ministry of Railways Plans to Spend Greater than US$100 billion per Year on Rail Development
for the Foreseeable Future, and Highlighted Rail Development in the February 2014 Stimulus Plan
Beijing – Guangzhou High‐Speed Rail
 World’s longest high‐speed rail route
 Covers 2,298km in ~10 hours (compared
to 22 hours previously) at a cost of 862
yuan (~US$140) per one way ticket
 Provides seamless connection from
Northern China to the Macao border via
the Guangzhou‐Zhuhai Intercity Rail
 5 trains in each direction each day
Guangzhou – Zhuhai Intercity Rail
 Rail line connecting Guangzhou to
Zhuhai, where the Gongbei border
gate to Macao is located
 Guangzhou is the largest city in
Guangdong province and is a key
economic and transportation hub
 Reduces travel time from
Guangzhou to Zhuhai from 2+
hours by bus to as short as 60
minutes
 Zhuhai station opened in Jan 2013
 Future link to Macao Light Rail
System
 40‐45 trains in each direction each
day
Wuhan – Guangzhou High‐Speed Rail
 Wuhan is the capital of Hubei Province and one
of the most populous cities in Central China
with ~10 million people
 Wuhan is an important economic and
transportation hub in Central China
 HSR reduces travel time to Guangzhou from 11
hours by bus to 3.5 hours by train
 One of the most successful routes with 75‐85
trains in each direction each day
Hong Kong
Macao

47. Infrastructure: Meaningful Improvements
Throughout the Pearl River Delta Region
Source: World Bank, China Daily, Chinatrainguide.com, Analyst reports. Note: population and GDP data from 2013.
47
Guangzhou
Population: 13M
GDP Per Capita: US$14,000
Macao
Population: 0.6M
GDP Per Capita: US$91,300
Hengqin Island
• Special economic area
• Over $20B of overall investment
• Over 10,000 hotel rooms
• First phase of Chimelong theme park opened in
Jan. 2014 and expected to attract 20M visitors
annually at completion of all phases
Hong Kong
Population: 7.2M
GDP Per Capita: US$38,000
Hong Kong‐Macao‐Zhuhai Bridge
(expected completion 2016)
Wuhan – Guangzhou High‐Speed Rail
• 3.5 hour train ride
• 75‐80 trains in each direction per day
Shenzhen
Population: 10M
GDP Per Capita: US$22,000China Border Gate Expansion
• Daily capacity increased from 150,000 to
350,000 people in 2H13
• Reduced average wait times on China side of
border
Guangzhou – Zhuhai Intercity Rail
• 70 ‐ 90 minute train ride (2+ hours by bus)
• 25 ‐ 35 trains in each direction per day
• Final link to Gongbei border gate completed in
January 2013
Guangzhou – Shenzhen – Hong Kong Rail
• 2 hour train ride from Guangzhou to HK
• 25 trains in each direction per day
Infrastructure Legend
Existing
Future
Completed in 1Q13
Gongbei – Hengqin Railway
• Connects the Gongbei border crossing with
Hengqin Island
• Stops at Lotus Bridge crossing and ends at
Chimelong theme park
• Expected completion 2017
2

48. 5.2
6.3
7.3
8.1
8.9
4.2
4.7
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2009 2010 2011 2012 2013 1H13 1H14
5.8
6.9
8.8 8.8
9.7
4.7
5.5
0.0
2.0
4.0
6.0
8.0
10.0
12.0
2009 2010 2011 2012 2013 1H13 1H14
Mainland China Day‐Trip Visitors to Macao Mainland China Overnight Visitors to Macao
Chinese Day‐Trip and Overnight Visitation To
Macao Both Continue to Grow
(MM)
Source: Macao DSEC
48
‐9% +19% +28% 0%
(MM)
Growth ‐1% +22% +16% +10%Growth
Chinese Visitation Continues to Grow and Additional Hotel Capacity and
Transportation Infrastructure will Enhance Overnight Visitation Growth to Macao in the Future
+10% +10%
3

49. 11.0
13.2
16.2 16.9
18.6
10.2
18.0
22.7
28.1
34.9
40.7
21.8
0.0
5.0
10.0
15.0
20.0
25.0
30.0
35.0
40.0
45.0
Mainland China Visitation to Macao and Hong Kong
Visitation to Macao Can Meaningfully Grow
21.8 Million Residents of Mainland China Visited Hong Kong in 1H14
(MM)
Source: Macao DSEC; Hong Kong Tourism Board
49
‐5% +20% +22% +5%Macao
+6%Hong Kong +26% +24% +24%
Robust Transportation Infrastructure, 74,000 Hotel Rooms and World‐Class Dining and Shopping
Amenities Enabled 21.8 Million Mainland Chinese Visitors to Travel to Hong Kong in 1H14
Hong Kong
Received
11.6M More
Visitors from
China in 1H14
than did Macao
2009 2010 2011 2012 2013
+10%
+17%
3
Macao Hong Kong
1H14
+15%
+16%

50. 18.7
58.1
0.0
10.0
20.0
30.0
40.0
50.0
60.0
70.0
2.1
3.4
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
9.7
8.9
23.7
17.1
0.0
5.0
10.0
15.0
20.0
25.0
(Days)
Total 2013 Mainland
Chinese Visitor Nights¹
(MM)(MM)
Daytrip Visitors
Opportunity for Increased Overnight Visitation
and Length of Stay In Macao
501. Calculated as total overnight visitors from Mainland China multiplied by average length of stay for Mainland overnight visitors in each market for 2013.
Source: Macao DSEC, Hong Kong Tourism Board
Composition of 2013
Visitation from Mainland China
Mainland Visitors Spent 58.1 Million Visitor Nights in Hong Kong in 2013
Compared to Just 18.7 Million Visitor Nights Spent in Macao
Overnight Visitors
Avg. Length of Stay for
Mainland Chinese
Overnight Visitors in 2013
Macao Hong Kong
3

51. Hengqin Island Expands Critical Mass of
Tourism Offerings for Visitors to the Region
51
Map of Hengqin Island New Area Important Facts
 Island adjacent to Macao (3X the size of Macao) that has been
welcomed by President Xi Jinping as a strategic zone for
cooperation among Guangdong Province, Hong Kong and
Macao
 Master‐planned island with greater than US$20 billion of
investment focused on tourism development, industrial and
technological innovation and education
 One of three current “New Area” reform zones in China
— Support from the Central Government to enable long
term success
— Empowerment to have broad flexibility on economic and
legal matters
 Designed to contribute to the diversification of Macao
— US$3.2 billion Chimelong International Ocean Resort
opened January 28 and is expected to generate 20 million
visits in the future after completion of all phases¹
— Hengqin’s central business district will feature a 1.2
million square foot convention center
— More than 10,000 hotel rooms expected to open over the
next five years
Source: Macau Daily, Zhuhai Daily, Chimelong Group, Hengqin New Area Administrative Committee
1. Phase 1 currently includes the Hengqin Bay Hotel, the Ocean Kingdom theme park, the Circus World show and a waterpark in the Hengqin Bay Hotel. During the 2014 Chinese New
Year holiday, the theme park received over 500,000 visitors. It is expected to draw over 5.5 million visitors by the end of the year, up from the initial 2 million visitor projection.
4

52. Sands Cotai
Central
5,723
The
Venetian Macao
2,905
Sands Macao, 289
Galaxy Macau
2,250
Grand Waldo, 550
Starworld, 509
City of Dreams
1,461
Altira Macau, 216
Wynn Macau
1,014 Grand Lisboa, 431
Sofitel Macau, 408
MGM Grand, 587
9,277
3,309
1,677
1,014 839
587
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Las Vegas Sands Galaxy Entertainment Melco Crown Wynn Resorts SJM Holdings² MGM China
Hotel % of Gaming % of Total
Gaming Operator Rooms Operators Market
Las Vegas Sands 9,277 56% 38%
Galaxy Entertainment 3,309 20% 14%
Melco Crown 1,677 10% 7%
Wynn Resorts 1,014 6% 4%
SJM Holdings² 839 5% 4%
MGM China 587 4% 2%
Subtotal Gaming Operators 16,703 100% 68%
Other 4/5 Star 7,537 0% 32%
Total 24,240 100% 100%
Market Leading Hotel Capacity at LVS
Las Vegas Sands Operates 38% of Macao’s Current 4/5‐Star Hotel Inventory
1. In addition to the hotel rooms that are owned by gaming operators presented here, there are 7,587 additional four‐ and five‐star hotel rooms in Macao.
2. Reflects only SJM Holdings self‐owned hotels.
Source: Company filings, Macao DSEC
52
LVS Hotel Inventory Exceeds the Other Five Gaming Operators Combined
Macao Market Gaming Operator Hotel Rooms1
Four Seasons
Macao, 360
5
`

53. Sands Cotai
Central
5,723
The
Venetian Macao
2,905
Sands Macao, 289
The Parisian
Macao
3,000
Galaxy Macau
2,250
Grand Waldo, 550
Starworld, 509
Galaxy Macau Phase II
1,350
City of Dreams
1,461
Altira Macau, 216
Macau Studio City
2,000
Wynn Macau, 1,014
Wynn Cotai
1,700
Grand Lisboa, 431
Sofitel Macau, 408
SJM Cotai
2,000
MGM Grand, 587
MGM Cotai
1,600
12,677
4,659
4,457
2,714 2,839
2,187
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Las Vegas Sands Galaxy Entertainment Melco Crown Wynn Resorts SJM Holdings² MGM China
Hotel % of Gaming % of Total
Gaming Operator Rooms Operators Market
Las Vegas Sands 12,677 43% 34%
Galaxy Entertainment 4,659 16% 12%
Melco Crown 4,457 15% 12%
Wynn Resorts 2,714 9% 7%
SJM Holdings² 2,839 10% 8%
MGM China 2,187 7% 6%
Subtotal Gaming Operators 29,533 100% 79%
Other 4/5 Star 7,773 0% 21%
Total 37,306 100% 100%
Market Leading Hotel Capacity at LVS
Projected Macao Market 4/5 Star Hotel Rooms at December 31, 2017
1. In addition to the hotel rooms that are owned by gaming operators presented here, there are 7,823 additional four‐ and five‐star hotel rooms in Macao.
2. Reflects only SJM Holdings self‐owned hotels.
Source: Company filings, Macao DSEC
53
At the Completion of the Next Phase of Development, LVS will Operate 43% of all Gaming Operator Hotel Rooms
Macao Market Gaming Operator Hotel Rooms at December 31, 20171
Four Seasons
Macao, 360
St. Regis
Macao, 400
5
CoD Tower Five, 780
`