Goldman Sachs is hosting its 2010 Lodging, Gaming, Restaurant & Leisure Conference. Las Vegas Sands Corp presents an overview of its business. LVS is a leading global developer and operator of integrated resorts, with established market leadership in Las Vegas, Macau, and Singapore. Their footprint includes properties in Las Vegas, Bethlehem, Macau, and Singapore. Asia represents the future of LVS, with revenue and cash flow becoming increasingly concentrated there as their investments grow the region.

1. Goldman Sachs 2010 Lodging, Gaming, Restaurant &
Leisure Conference
June 7, 2010

2. Las Vegas Sands Corp.
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Who We Are
Leading global developer and operator of destination integrated resorts
Proven convention-based business model
– Meetings, Incentive, Convention and Exhibition (MICE) business drives
weekday visitation
– Entertainment and leisure offerings generate weekend visitation
– This combination expands visitation to a city / country / region while generating
strong cash flow
Established
E t bli h d market l d hi i L V
k t leadership in Las Vegas, M
Macau and Si
d Singapore
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3. Las Vegas Sands Corp.
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Our Footprint and History
History of developing world-class properties
world class
Year Opened Property Location
1999 The Venetian Las Vegas Las Vegas
2004 Sands Macao Macau
2007 The Venetian Macao Macau
2008 Palazzo Las Vegas Las Vegas
Four Seasons Hotel Macao
2008 Macau
and Plaza Casino
2009 Sands Bethlehem Bethlehem, PA
2010 Marina Bay Sands Singapore
2011 Parcels 5 & 6 (Cotai Strip) Macau
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4. Asia is Ou Future
s a s Our utu e
LVS is highly leveraged to the growing economies of North and South Asia
Geographic distribution of revenue and cash flow streams reflects:
– Our overall investment in Asia of nearly $14 billion
– Growing Asian consumer appetite for leisure and destination resort offerings
LVS Consolidated Adjusted Property EBITDA
2006 2009 The Future of LVS1
US US
25% 17%
US Asia
45% 55% Asia Asia
75% 83%
1. Reflects 2011 analyst consensus estimates 4

5. U.S. Operations
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6. The Venetian and Palazzo Las Vegas
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Las Vegas, NV
Largest contiguous integrated casino-resort-
convention complex in the world (18 million
square feet) and a leader in the Las Vegas market
7,100 all-suite hotel rooms
225,000
225 000 square feet of gaming space with 234
tables, 2,925 slots, a poker room and sportsbook
2.3 million square feet of convention and meeting
space in Sands Expo Center (SECC) and
Congress Center
− 350 meeting rooms
− Ability to feed 50,000 at one time
Grand Canal Shoppes, a world class Venice-
themed shopping mall totaling 400,000 square
feet, and Shoppes at The Palazzo, both sold to
GGP
30+ restaurants with > 10,000 seats featuring
celebrity chefs like Keller, Batali, Lagasse, Puck
and food court operations
Numerous premium attractions including Canyon
Ranch Spa Club, Wayne Brady, Blue Man Group,
Phantom of the Opera and Jersey Boys
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7. Las Vegas Operations
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The principal revenue drivers are hotel food & beverage and gaming
hotel,
Hotel occupancy of 91% and ADR of $207 in 1Q10
– Strength of the convention-based business model allowed us to outperform
the Las Vegas market
– FIT is strengthening, particularly on weekends
– Memorial Day Weekend ADR exceeded $300 in 2010…consistent with
2007 rates
– Group rooms are up in 2010 compared to 2009
G i d
– Casino block is also up in 2010
Gaming volumes remain healthy in 1Q10 – and positive trends continue
– VIP play was up 70% in 1Q10 compared to 1Q09
– Non-VIP play was stable in 1Q10 compared to 1Q09
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8. Las Vegas Operations
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MICE environment
– Forward booking trends are healthy
– Pricing remains below historical levels
Cost structure down $200 million annually without deterioration of the guest
experience
Overall Operations
– Right-sized cost structure positions us for strong growth
– Headcount in 2007: ~8,000 FTEs
– Headcount today: ~6,500 FTEs
With a 7,100-room Base, The Business Should Exhibit
Strong O
St Operating L
ti Leverage Wh The Economy Recovers
When Th E R
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9. Sands Casino-Resort Bethlehem
Bethlehem, Pennsylvania
Opened in May 2009
124-acre development on former site of
historic Bethlehem Steel Works
− 85 miles from midtown Manhattan
Casino with 3,250 slot machines
Dining amenities include two Emeril Lagasse
restaurants and a Carnegie Deli
1Q10 Operating Performance:
− Net Revenue of $67 million
− Adj.
Adj Property EBITDA of $11 million
Future operating performance enhancements:
− Introduction of 89 table games in Summer
2010
− Completion of 300-room hotel in Spring
2011
− Additional marketing p g
g programs
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10. Macau Operations
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11. Macau
Cotai Strip and Macau Peninsula
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12. Sa ds acao
Sands Macao
Macau Peninsula
First modern Las Vegas st le facilit in
Vegas-style facility
Macau – opened in May 2004
Advantaged location near existing Macau
ferry terminal on Macau peninsula
Broad range of dining, entertainment and
gaming amenities
229,000 square feet of gaming space with
414 tables and 1,166 slots
289 luxury suites Adjusted Property EBITDA and Margin
djusted ope ty a d ag
Superior return on investment $80 28%
$70
− All cash flow generated since opening 26%
$60
has been re-invested into Macau ($1.8 $50
24%
24.6%
billion) $40
22%
22.4%
$20 20%
1Q09 1Q10
EBITDA ($mm) EBITDA Margin 12

13. The Venetian Macao
Cotai Strip, Macau
Opened in August 2007
− Largest building and first true integrated
resort in Asia (>10 million square feet)
− Average of 65,000 visits per day since
opening
2,900 all-suite rooms
550,000 square feet of gaming space with
598 tables and 2,185 slots
1.2 million square feet of state-of-the-art
convention and meeting space
Adjusted Property EBITDA and Margin
− Future MICE potential increases with
addition of hotel rooms inventory on $180 $170 35%
the Cotai Strip
1.0
1 0 million square feet of premium shopping $140 30%
$121
in Venice-themed Grand Canal Shoppes 30.9%
Destination dining - more than 20 $100 25%
restaurants 25.1%
15,000-seat stadium and 1,800-seat theater $60 20%
featuring Cirque du Soleil’s “ZAIA” 1Q09 1Q10
EBITDA ($mm) EBITDA Margin 13

14. Four Seasons Hotel Macao and Plaza Casino
Cotai Strip, Macau
Boutique luxury integrated resort opened
q y g p
August 2008
Full gaming, leisure and entertainment
amenities including three world-class
restaurants
360 rooms and 19 Paiza Mansions
70,000 square feet of gaming space with 118
tables and 183 slots
211,000 square feet luxury retail mall
(connected to The Venetian) featuring Gucci,
Louis Vuitton, Chanel and Cartier stores
Adjusted Property EBITDA and Margin
25,000 square feet of MICE facilities capable of
$25 25%
hosting small and medium-sized events and
$19
corporate meetings (11 meeting rooms) $20
20%
Luxury Apart-Hotel units branded and serviced $15 19.0%
15%
by Four Seasons $10
$4
− Construction is substantially completed $5
10%
9.4%
9 4%
$0 5%
1Q09 1Q10
EBITDA ($mm) EBITDA Margin 14

15. Parcels 5 & 6
Cotai Strip, Macau
Land area of over 1.6MM square feet adjacent
q j
to a tropical garden of up to 480,000 square
Phase III Phases I and II
feet
Integrated resort of just under 13.3 million
square feet (upon completion of all Phases)
Phases),
which will significantly expand our footprint on
the Cotai Strip
To be completed in phases
Phases I and II are expected to feature
− Approximately 300,000 square feet gaming
space
− Approximately 6,000 hotel rooms
− Portion of over 1 million square feet of
retail, entertainment and dining facilities,
MICE space and 1 multi purpose theater
multi-purpose
400,000-500,000 square feet of MICE space
constructed, of which 125,000 square feet is
expected to be configured for use in Phases I
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and II
Note: Artistic impression subject to change. Actual photo taken as of March 2009. 15

16. Marina Bay Sands
HOTEL TOWERS & SANDS SKYPARK
EXPO & CONVENTION
CENTER
CASINO
SHOPPING & DINING
THEATERS
MUSEUM
CRYSTAL PAVILION
EVENT PLAZA
CRYSTAL PAVILION

17. S gapo e s s o
Singapore’s Vision
Si In 2006, Singapore awarded licenses to develop two Integrated Resort (IR)
2006
Singapore Integrated Resort Overview
I t t dR tO i
destinations
− Off d two prime locations (Central B i
Offered t i l ti (C t l Business Di t i t and S t
District d Sentosa I l d)
Island)
− Locations encouraged complementary IR developments
− Established favorable gaming tax designed to encourage investment
Successfully generated more than S$14 billion of investment for the two IRs
Enhancing Singapore’s Position as a
Leading Business & Leisure Destination
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18. Benefits of Integrated Resort Developments
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Positive catalyst for Singapore s economy
Singapore’s
Create thousands of direct and indirect jobs
Significant contributions to GDP
Enhanced global visibility as an international business and leisure destination
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Singapore Tourism Board’s 2015 Projections
Visitation to grow to 15 million visitors
Tourism receipts to grow to S$30 billion
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19. Marina Bay Sands
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Preview opening on April 27 2010
27,
~2,560 rooms in three towers
Rooftop SkyPark with pools and other
recreation facilities
161,000 square feet of gaming space
1.3
1 3 million square feet of convention and
meeting space
800,000 square feet of retail space, including
the Marina Bay Sands Shoppes retail mall
th M i B S d Sh t il ll
Multiple dining options including six celebrity-
chef restaurants
Broadway entertainment, outdoor recreation
areas and numerous other amenities
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20. Marina Bay Sands
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Preview Opening – April 27, 2010
Singapore Integrated Resort O
Si I t t dR t Overview
i
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21. Marina Bay Sands
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Preview Opening – April 27, 2010
Singapore Integrated Resort O
Si I t t dR t Overview
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Gaming Floors 963 Hotel Rooms Dining Amenities
MICE Space
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22. Marina Bay Sands
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Opening Celebration – June 23, 2010
Singapore Integrated Resort O
Si I t t dR t Overview
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Remaining ~1,600
~1 600
Sands SkyPark
Hotel Rooms
Additional VIP
Gaming Areas
Celebrity Chefs and
Additional Dining Amenities
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23. Marina Bay Sands
y
Progressively Opening Throughout 2010
World’s Largest
o d s a gest
Lion Ki
Li King
Louis Vuitton
Light & Water Show
Sands SkyPark
Ice Skating Rink
Additional Retail Space
Including Entertainment
I l di E t t i t
Features ArtScience Museum
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24. Summary Financials
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25. Las Vegas Sands Corp.
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Consolidated Adjusted Property EBITDA1
(US GAAP in US$ millions)
Adjusted Property EBITDA1 and Margin
$400 30%
$376
Bethlehem 3%
Bethlehem
5%
28%
$325 $315 28.3%
$280 Las
$266 26%
$258 Vegas
$250 28%
24.8%
24.8% 24.7% 24% Macau
24.5%
69%
%
$175
22%
$100 20%
1Q09 2Q09 3Q09 4Q09 1Q10
Adj. property EBITDA¹ EBITDA Margin
EBITDA Margin Expansion Reflects Right-Sized Cost Structure
1. Excludes Other Asia, which is principally CotaiJet operations in Macau 25

26. Asia is Ou Future
s a s Our utu e
LVS is highly leveraged to the growing economies of North and South Asia
Geographic distribution of revenue and cash flow streams reflects:
– Our overall investment in Asia of nearly $14 billion
– Growing Asian consumer appetite for leisure and destination resort offerings
LVS Consolidated Adjusted Property EBITDA
2006 2009 The Future of LVS1
US US
25% 17%
US Asia
45% 55% Asia Asia
75% 83%
1. Reflects 2011 analyst consensus estimates 26

27. Q&A
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