Sheraton and St. Regis Latest Names Added to Cotai Strip(TM)

Las Vegas Sands Inc. (NYSE: LVS – News) and Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT – News) announced today that Las Vegas Sands in the Special Administrative Region of Macau, People’s Republic of China has added a new 1,200-room Sheraton Hotel and a 300-room St. Regis Hotel to its Cotai strip currently under development. The parties have signed a non-binding letter of intent and expect to conclude a binding definitive agreement before the end of the second quarter of 2006.

“The innovative spirit and involvement of Starwood, well known for its stable and well-known brands, further enhances our goal of establishing Kotai Strip as Asia’s Las Vegas (TM),” said Sheldon G. Adelson, the president and CEO of Las Vegas Sands. “With its significant global footprint and warm service culture, the Sheraton flag will be a consolation to travelers from all over Asia and beyond, and the uncompromising luxury of the St. Regis will be a beacon for the world’s most elite jet setters.”

The deal sets the stage for the development of the 1,200-room Sheraton Macau, the 300-room St. Regis Hotel, and the 300-vacation suite, all run by Starwood. In addition, the complex will also feature retail, entertainment facilities, and casino games to be operated by Las Vegas Sands Corporation. 스포츠토토

“This was a great opportunity to raise the flag, as Kotai Streep is a marquee project in the world’s most dynamic market, and it has aggressively developed hotels across China to secure its position as the number one operator of luxury and luxury properties,” said Steven J. Heyer, CEO of Starwood. “We are excited to play a key role in Streep’s future success, and look forward to playing our part in boosting the region’s vitality and attracting leisure, business, and convention travelers.”

Kotai Strip is a master plan development of resort and casino properties in Kotai, a reclamation area between the islands of Taipei and Coloan in Macau. Las Vegas Sands previously announced plans to develop other hotel projects, including the Venetian Macao, Four Seasons Hotel, Shangri-La Hotel, and Traders Hotel, which are currently under construction. Las Vegas Sands said it expects to make additional hotel, retail, and entertainment announcements in the coming weeks and months.

Starwood Hotels & Resorts has significantly expanded its portfolio in China over the past two years, opening Sheraton Hotels in Haikou and Dongguan, Le Meridien Sheshan, Shanghai and Four Points by Sheraton Shenzhen on Hainan Island. Over the past 24 months, the company has signed agreements to manage new hotels in Shenzhen, Xiamen, Beijing, Changsha, Haikou, Guiyang, Hong Kong, Damisha, Urumqi, Changshu, Shanghai, Zhejiang, Zhongshan and Guangzhou. With these two recent hotel deals, Starwood currently has 22 hotels and resorts under construction or development in China under the Westin, Sheraton, W Hotels, Le Meridien and Four Points by Sheraton brands.

The statements in this press release, which are not historical facts, are “forward-looking” statements made under the Safe Harbor Clause of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, a number of risks, uncertainties, or other factors beyond the control of the company, which can cause significant differences in actual results, performance, or other expectations. These factors include, but are not limited to, general economic conditions, competition, startups, government regulations, game legalization, interest rates, future terrorist activities, insurance, and other factors detailed in Las Vegas Sands’ report to the Securities and Exchange Commission.

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