We are the leading developer, owner and operator of integrated resorts and casinos in Macao.  Macao is the largest gaming market in the world as measured by casino gaming revenue and is the only location in China offering legalized casino gaming.  Venetian Macao Limited, our subsidiary, holds one of six concessions or subconcessions permitted by the Macao Government to operate casinos or gaming areas in Macao.

We own The Venetian Macao, the Sands Macao and the Plaza Macao. We also own one of the largest convention and exhibition halls in Asia, Macao’s largest entertainment venue, The CotaiArena™, and one of three major high-speed ferry companies operating between Hong Kong and Macao. Our luxury and mid-market retail malls feature over 380 shops with well-known retail brands, as well as the Malo Clinic and Spa, one of Asia’s largest medical and beauty spas.  As of June 30, 2009, our properties featured a combined 3,554 suites and hotel rooms, 1,098 table games, 3,631 slot machines, over 60 different restaurants and food outlets, as well as other integrated resort amenities.

Our business strategy is to develop Cotai and to leverage our integrated resort business model to create Asia’s premier gaming, leisure and convention destination. Our ultimate plans for Cotai include five interconnected integrated resorts, which leverage a wide range of branded hotel and resort offerings to attract different segments of the market. When complete, we expect our Cotai Strip development to contain over 20,000 hotel rooms, approximately 1.6 million square feet of MICE space, over 2.0 million square feet of retail malls, six theaters and other amenities.

We are a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), the parent company of The Venetian Resort-Hotel-Casino and The Palazzo Resort-Hotel-Casino, Sands Expo and Convention Center in Las Vegas and Sands Bethworks, Pennsylvania’s first gaming resort destination in the United States.