<Page>
                                                                    EXHIBIT 99.2

                         NOTICE OF GUARANTEED DELIVERY
             VENETIAN CASINO RESORT, LLC AND LAS VEGAS SANDS, INC.
                               OFFER TO EXCHANGE
    $850,000,000 AGGREGATE PRINCIPAL AMOUNT OF THEIR 11% MORTGAGE NOTES DUE
     2010, WHICH HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
      AMENDED, FOR A LIKE AGGREGATE PRINCIPAL AMOUNT OF THEIR 11% MORTAGE
                                 NOTES DUE 2010

    This form or one substantially equivalent hereto must be used to accept the
Exchange Offer of Venetian Casino Resort, LLC and Las Vegas Sands, Inc.
(together, the "Issuers") made pursuant to the prospectus dated ?, 2002 (the
"Prospectus"), if any certificates for the outstanding $850,000,000 aggregate
principal amount of their 11% Mortgage Notes due 2010 (the "Initial Notes") are
not immediately available or if the procedure for book-entry transfer cannot be
completed on a timely basis or time will not permit all required documents to
reach the Exchange Agent prior to 5:00 p.m., New York City time, on the
Expiration Date of the Exchange Offer. Such form may be delivered or transmitted
by facsimile transmission, mail or hand delivery to U.S. Bank National
Association (the "Exchange Agent") as set forth below. In addition, in order to
utilize the guaranteed delivery procedure to tender the Initial Notes pursuant
to the Exchange Offer, a completed, signed and dated Letter of Transmittal (or
facsimile thereof), must also be received by the Exchange Agent prior to
5:00 p.m., New York City time, on the Expiration Date. Certificates for all
tendered Initial Notes in proper form for transfer or a book-entry confirmation,
as the case may be, and all other documents required by the Letter of
Transmittal must be received by the Exchange Agent within three New York Stock
Exchange trading days after the Expiration Date. Capitalized terms not defined
herein are defined in the Prospectus.

                                  DELIVERY TO:
                         U.S. Bank National Association
                                 EXCHANGE AGENT

<Table>
                                              
       BY REGISTERED OR CERTIFIED MAIL:                           BY FACSIMILE:
        U.S. Bank National Association                  (for eligible institutions only)
            U.S. Bank Trust Center                               (651) 244-1537
              180 East 5th Street
              St. Paul, MN 55101                              CONFIRM BY TELEPHONE:
   Attention: Specialized Finance Department                     (800) 934-6802

         BY OVERNIGHT COURIER OR HAND:
        U.S. Bank National Association
            U.S. Bank Trust Center
              180 East 5th Street
              St. Paul, MN 55101
   Attention: Specialized Finance Department
</Table>

    DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE, OR
TRANSMISSION OF INSTRUCTIONS VIA FACSIMILE OTHER THAN AS SET FORTH ABOVE, WILL
NOT CONSTITUTE A VALID DELIVERY.
<Page>
Ladies and Gentlemen:

    Upon the terms and conditions set forth in the Prospectus and the
accompanying Letter of Transmittal, the undersigned hereby tenders to the
Issuers the principal amount of Initial Notes set forth below, pursuant to the
guaranteed delivery procedure described in "The Exchange Offer--Procedures for
Tendering Initial Notes--Guaranteed Delivery Procedure" section of the
Prospectus.

Principal Amount of Initial Notes Tendered(1)

<Table>
                                                  
$

Certificate Nos. (if available):
Total Principal Amount Represented by                If Initial Notes will be delivered by
Initial Notes Certificate(s):                        book-entry
                                                     transfer to The Depository Trust Company,
                                                     provide account number.
$                                                    Account Number
</Table>

ANY AUTHORITY HEREIN CONFERRED OR AGREED TO BE CONFERRED SHALL SURVIVE THE DEATH
OR INCAPACITY OF THE UNDERSIGNED AND EVERY OBLIGATION OF THE UNDERSIGNED
HEREUNDER SHALL BE BINDING UPON THE HEIRS, PERSONAL REPRESENTATIVES, SUCCESSORS
AND ASSIGNS OF THE UNDERSIGNED.

                                PLEASE SIGN HERE

<Table>
                                                   
X

Signature(s) of Owner(s) or Authorized                                    Date
Signatory

Area Code and Telephone Number:
</Table>

    Must be signed by the holder(s) of Initial Notes as their name(s) appear(s)
on certificate(s) for Initial Notes or on a security position listing, or by
person(s) authorized to become registered holder(s) by endorsement and documents
transmitted with this Notice of Guaranteed Delivery. If signature is by a
trustee, executor, administrator, guardian, attorney-in-fact, officer or other
person acting in a fiduciary or representative capacity, such person must set
forth his or her full title below.

                      PLEASE PRINT NAME(S) AND ADDRESS(ES)

<Table>
           
Name(s):

Capacity:

Address(es):

</Table>

- ------------------------

(1)   Must be in denominations of principal amount of $1,000 and any integral
     multiple thereof.
<Page>
                                   GUARANTEE

    The undersigned, a member of a registered national securities exchange, or a
member of the National Association of Securities Dealers, Inc., or a commercial
bank or trust company having an office or correspondent in the United States,
hereby guarantees that the certificates representing the principal amount of
Initial Notes tendered hereby in proper form for transfer, or timely
confirmation of the book-entry transfer of such Initial Notes into the Exchange
Agent's account at The Depository Trust Company pursuant to the procedures set
forth in "The Exchange Offer--Procedures for Tendering Initial Notes" section of
the Prospectus, together with a properly completed and duly executed Letter of
Transmittal (or a manually signed facsimile thereof) with any required signature
guarantee and any other documents required by the Letter of Transmittal, will be
received by the Exchange Agent at the address set forth above, no later than
three New York Stock Exchange trading days after the date of execution hereof.

<Table>
                                                     
Name of Firm                                                        Authorized Signature

Address                                                                    Title

                                                                           Name:
                                    Zip Code                       (Please Type or Print)

Area Code and Tel. No.                                  Dated:
</Table>

NOTE:    DO NOT SEND CERTIFICATES FOR INITIAL NOTES WITH THIS FORM. CERTIFICATES
         FOR INITIAL NOTES SHOULD ONLY BE SENT WITH YOUR LETTER OF TRANSMITTAL.