Las Vegas Sands (LVS) S-3ASR Automatic shelf registration

Exhibit 12.1

Las Vegas Sands Corp.

Statement of Computation of Ratios

	Six Months Ended June 30,						Year Ended December 31,
	2011			2010			2010			2009 (1)			2008 (1)			2007 (1)			2006
	(in thousands)
Income (loss) before income taxes and noncontrolling interest		953,180			147,637			855,905			(372,627	)		(228,025	)		138,279			504,246
Add: Fixed charges		215,180			205,511			428,260			398,947			565,593			478,483			238,534
Add: Amortization of interest capitalized		6,060			6,055			12,113			11,928			10,674			4,298			2,010
Less: Interest capitalized		(62,367	)		(42,323	)		(106,066	)		(65,449	)		(131,215	)		(223,248	)		(94,594	)
Earnings as adjusted		1,112,053			316,880			1,190,212			(27,201	)		217,027			397,812			650,196
Interest expensed		144,177			155,152			306,813			321,870			421,825			244,808			135,853
Interest capitalized		62,367			42,323			106,066			65,449			131,215			223,248			94,594
Estimated interest component in rental expense		8,636			8,036			15,381			11,628			12,553			10,427			8,087
Total fixed charges		215,180			205,511			428,260			398,947			565,593			478,483			238,534
Preferred stock dividends (2)		115,781			102,527			210,177			185,571			25,206			—			—
Total fixed charges and preferred stock dividends		330,961			308,038			638,437			584,518			590,799		��	478,483			238,534
Earnings to fixed charges		5.17			1.54			2.78			(0.07	)		0.38			0.83			2.73
Deficiency amount		—			—			—			(426,148	)		(348,566	)		(80,671	)		—
Earnings to combined fixed charges and preferred stock dividends		3.36			1.03			1.86			(0.05	)		0.37			0.83			2.73
Deficiency amount		—			—			—			(611,719	)		(373,772	)		(80,671	)		—

(1) Las Vegas Sands Corp.’s earnings were insufficient to cover fixed charges by $426.1 million, $348.6 million and $80.7 million for the years ended December 31, 2009, 2008 and 2007, respectively, and were insufficient to cover combined fixed charges and preferred stock dividends by $611.7 million, $373.8 million and $80.7 million for the years ended December 31, 2009, 2008 and 2007, respectively.

(2) Computed as (i) the sum of the dividends, accretion to redemption value of preferred stock issued to our principal stockholder’s family and preferred stock inducement and repurchase premiums, divided by (ii) one minus the effective income tax rate applicable to continuing operations for those years that had income tax expense.