�The implementation of The Venetian�s business strategy continues to produce improved revenues and earnings at The Venetian Resort- Hotel-Casino,� said Weidner and Stone while presenting to the two High Yield Gaming Conferences. �Casino and noncasino revenues continue to build.�

Both Weidner and Stone spoke of the improvement in earnings trends at The Venetian, disclosing that the combined January and February earnings before interest, taxes, depreciation and rental expense approximated $33 million to $35 million. These amounts exclude operating results of The Grand Canal Shoppes, a separate subsidiary of the Venetian Casino Resort.  The speakers disclosed that The Venetian�s overall hotel occupancy was 88 percent and 97 percent of available rooms at an average daily rate of $183 and $185 during January and February.

Group daily rates averaged approximately $184 and $180 per room night during January and February, reflecting the recovery from slow convention and trade-show room demand during December; FIT daily rates (retail customers) averaged $201 and $200 during January and February, as compared with $166 in December.

Table-games drop has steadily increased from an average of approximately $60 million a month during the fourth quarter of 1999 to $92 million in January and $112 million in February. Slot handle has steadily increased from an average of approximately $122 million a month during the fourth quarter of 1999 to $153 million in January and $150 million in February.

The Venetian, with its direct link to the approximately 1.2 million-square-foot Sands Expo and Convention Center and its 500,000-square-foot Venetian Congress Center, continues to expect to sell approximately half of its rooms to the group business market.

Expo Center attendees at 123 events during 1999 totaled 1,081,000, while projected attendees during 2000 will be 1,222,000 at 135 events, a 13 percent increase.

Monthly total revenues at the lavish resort (excluding The Grand Canal Shoppes) has increased dramatically since the opening on May 4, 1999, to approximately $54.5 million for January and $56.1 million for February. This compares with average monthly revenues of approximately $39.6 million during the fourth quarter of 1999.

Both speakers pointed out that total daily revenue per available room increased from $394 during the third quarter to $427 during the fourth quarter and to $579 and $637 during January and February, respectively.

The Venetian Hotel service and guest experience levels have improved to a point where recent consumer surveys of hotel guests indicate that 96 percent would like to return because of the resort�s superb facilities.  The Venetian�s amenities now include an impressive roster of restaurants with the addition of the famed Lutece by Eberhard Muller, Postrio by Wolfgang Puck and WB Stage 16 to its lineup of restaurants, making The Venetian a culinary capital without comparison.  They join such fine-dining venues as Emeril Lagasse�s Delmonico Steakhouse; The Grand Lux Cafe by the creators of The Cheesecake Factory; Joachim Splichal�s Pinot Brasserie; Star Canyon and Taqueria Canonita by Stephan Pyles; Valentino and PS�s Wine Bar Grill by Piero Selvaggio; Royal Star by Kevin Wu; Noodle Asia; Zeffirino of Genoa, Italy; Il Fornaio�s Canaletto; Tsunami; and The Canyon Ranch Cafe.

Other amenities include 65 upscale retail stores and boutiques open for business inside the resort�s Grand Canal Shoppes, a shopping venue designed to mirror the streets of Venice, Italy. Additionally, The Venetian boasts the world-famous Canyon Ranch SpaClub and London�s Madame Tussaud�s Wax Museum.

The Venetian boasts the world�s largest hotel and convention complex, which includes 3,036 hotel suites, the first all-suites property on Las Vegas Boulevard; approximately 120,000 square feet of gaming floor; approximately 500,000 square feet of retail space at The Grand Canal Shoppes; approximately 500,000 square feet of meeting space at The Venetian Congress Center; and a direct link to the approximately 1.2 million-square-foot Sands Expo and Convention Center.

Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements because of a number of factors, including general economic conditions, acts of God, and competition for construction, hotel, casino, food and beverage, and related labor and materials in the Las Vegas market. Reference is hereby made to the �Risk Factors� set forth in the company�s Form S-4 filed with the Securities and Exchange Commission.