EXHIBIT 99.1
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VENETIAN CASINO RESORT, LLC AND LAS VEGAS SANDS, INC. ANNOUNCE
PROPOSED $850 MILLION OFFERING OF MORTGAGE NOTES

(Las Vegas, NV - May 06, 2002) Venetian Casino Resort, LLC and Las Vegas Sands,
Inc. announced today plans to offer approximately $850 million in aggregate
principal amount of mortgage notes in a Rule 144A offering. In connection with
the offering of their mortgage notes, Venetian and its subsidiaries also intend
to enter into new senior secured credit facilities in an aggregate amount of
approximately $480 million.

Venetian intends to use the proceeds from the proposed offering of mortgage
notes and borrowings under these new loan facilities to repay, redeem or
repurchase all outstanding indebtedness of Venetian and its subsidiaries, to
finance the construction and development of the Phase IA Addition, which
consists of a 1000-room addition to the Casino Resort, additional meeting and
conference space and an expansion to the Casino Resort's parking garage, and to
pay all fees and expenses associated with these transactions. The indebtedness
proposed to be repaid, redeemed or repurchased includes Venetian's existing bank
credit facility, its 12 1/4% mortgage notes due 2004 and 14 1/4% senior
subordinated notes due 2005, its furniture, fixture & equipment credit facility,
its mall debt and certain other indebtedness.

The proposed offering of mortgage notes and the other refinancing transactions
are expected to close during the second quarter of 2002.

The securities to be offered will not be registered under the Securities Act and
may not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the Securities Act.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any security and shall not constitute an offer, solicitation or
sale of any securities in any jurisdiction in which such offering, solicitation
or sale would be unlawful.

THE MATTERS DESCRIBED IN THIS PRESS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS
THAT ARE MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995. FORWARD-LOOKING STATEMENTS INVOLVE A NUMBER OF
RISKS, UNDERTAINTIES OR OTHER FACTORS BEYOND VENETIAN'S CONTROL, WHICH MAY CAUSE
MATERIAL DIFFERENCES IN ACTUAL RESULTS, PERFORMANCE OR OTHER EXPECTATIONS. THESE
FACTORS INCLUDE BUT ARE NOT LIMITED TO GENERAL ECONOMIC CONDITIONS, COMPETITION,
NEW VENTURES, GOVERNMENT REGULATION, LEGALIZATION OF GAMING, INTEREST RATES,
FUTURE TERRORIST ACTS, INSURANCE,AND OTHER FACTORS DETAILED IN THE REPORTS FILED
BY LAS VEGAS SANDS, INC. WITH THE SECURITIES AND EXCHANGE COMMISSISON. READERS
ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS,
WHICH SPEAK ONLY AS OF THE DATE THEREOF. VENETIAN ASSUMES NO OBLIGATION TO
UPDATE SUCH INFORMATION.

                                                             CONTACT INFORMATION
                                                     Venetian Casino Resort, LLC
                                             Harry Miltenberger - Vice President
                                                                  (702) 733-5729
                                                           miltenbh@venetian.com