EXHIBIT 99.1
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P R E S S   R E L E A S E
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VENETIAN CASINO RESORT, LLC AND LAS VEGAS SANDS, INC. ANNOUNCE
THE COMMENCEMENT OF MARKETING FOR A NEW $975 MILLION CREDIT FACILITY

(Las Vegas, NV - July 12, 2004) Venetian Casino Resort, LLC and Las Vegas Sands,
Inc. announced today the commencement of marketing for a new $975 million senior
secured credit facility, consisting of a revolving credit facility and term loan
facilities. The proceeds of the facilities will be used to refinance Venetian's
existing credit facility debt, to fund design, development, construction and
pre-opening costs for the Venetian's Palazzo casino resort project and to pay
related fees and expenses. The new senior secured credit facility is subject to
satisfactory documentation and other customary conditions. The closing is
expected to occur in August 2004.

The Palazzo casino resort project is expected to feature more than 3,000 new
hotel suites, an approximately 105,000 square foot casino and an approximately
375,000 square foot mall. The Palazzo casino resort will be owned by one of
Venetian Casino Resort's restricted subsidiaries for purposes of its debt
instruments. The Palazzo mall is expected to be owned and financed by an
unrestricted subsidiary of Venetian Casino Resort. As previously announced,
General Growth Properties has agreed to purchase the Palazzo mall upon its
opening.

The Palazzo casino resort (including the mall) is estimated to have cash costs
of approximately $1.6 billion and is currently scheduled to open in the first
quarter of 2007. To finance the costs of the project, the company intends to use
the net proceeds from the new senior secured credit facility, a $135 million
equipment financing and a $250 million construction loan for the Palazzo mall
(to be borrowed by the unrestricted subsidiary referred to above), the net
proceeds from the recently completed sale of the Grand Canal Shoppes Mall and
operating cash flow.

In connection with the financing, Las Vegas Sands will acquire all of the
capital stock of Interface Group Holding, Inc. from Sheldon G. Adelson, the
principal stockholder of Las Vegas Sands, in consideration for additional common
stock of Las Vegas Sands. Interface Group Holding indirectly owns the Sands Expo
and Convention Center and holds all of the preferred interest in Venetian Casino
Resort. Interface Group Holding will be an unrestricted subsidiary for purposes
of the debt instruments of Las Vegas Sands and Venetian Casino Resort. The
Company is currently exploring alternatives to refinance and/or repay the
indebtedness of the Sands Expo and Convention Center.

FORWARD-LOOKING STATEMENTS

This press release contains 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, uncertainties or
other factors beyond the Company'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 Commission. Readers are cautioned
not to place undue reliance on these forward-looking statements, which speak
only as of the date thereof. Las




Vegas Sands, Inc. assumes no obligation to update such information.

ABOUT THE VENETIAN RESORT-HOTEL-CASINO

The Venetian Resort-Hotel-Casino, a recipient of the Exxon/Mobile Four Star
Award and AAA's Four Diamond Award, is one of the world's most luxurious resort
and convention destinations. Recreating Venice's legendary landmarks, the resort
offers unmatched service and quality for leisure and corporate guests. Located
in the heart of the Las Vegas Strip, The Venetian features The Grand Canal
Shoppes, an indoor streetscape complete with gondolas and singing gondoliers,
the Canyon Ranch SpaClub, world-class gaming, exquisite restaurants, the
Guggenheim-Hermitage Museum, and a wide variety of entertainment venues on the
premises, as well as extensive convention and corporate services.

For additional information, please visit The Venetian website at
www.venetian.com.

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