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The Venetian Operated at 96% Occupancy and 
ADR of $169 During Third Quarter of 2000 
SCOTTSDALE, Ariz.- Oct. 5, 2000-- At a financial presentation to Deutsche Banc Alex. Brown�s Ninth Annual Global High Yield Conference held today at The Phoenician in Scottsdale, William P. Weidner, president of Las Vegas Sands Inc., the parent company of The Venetian, spoke about The Venetian�s continuing successful business strategy and highlighted some key third-quarter 2000 and last twelve months statistics.

�We are pleased with the property�s operations and are confident that through continued efforts to increase efficiencies, strategically increased room demand, and continued increases in slot and table games volume, the company will continue to enjoy success on the Las Vegas Strip,� said Weidner while presenting to the Ninth Annual Global High Yield Conference sponsored by Deutsche Banc Alex. Brown.

The Venetian�s overall hotel occupancy was 96% of available rooms at an average daily rate of $169 during the third quarter of 2000 compared with 90% and $145 during the same period of 1999.

Weidner spoke of the improvement in casino volume at The Venetian during the third quarter of 2000, disclosing that table games drop increased to approximately $294 million during the third-quarter 2000 compared with $182 million during the same period of 1999. 

Weidner discussed several key statistics for the last twelve months to date through the end of the third quarter 2000 including table games win of $220 million. Baccarat win constitutes a substantial portion of total table game win. Weidner also indicated he estimates that the company earnings were negatively impacted approximately $4 million to $6 million because of lower than normal table games win percentage during the third quarter of 2000. The table games win percentage is reasonably predictable over time, but may vary considerably during shorter periods. Weidner went on to discuss slot machine performance, wherein during the third quarter of 2000, slot machine win per unit per day had increased to $141 from $105 in the same period a year ago.

Weidner spoke of the joint venture with the Guggenheim Foundation: �The partnership between the prestigious Guggenheim and Hermitage Museums further solidifies our effort to create an upscale positioning in the marketplace and enhances our business strategy to build a distinctive destination resort within a destination city,� said Weidner. The Venetian, Guggenheim and Hermitage Museums are creating an alliance to develop unique museum and exhibition spaces to display fine and popular art at The Venetian.

The Venetian boasts the world�s largest hotel and convention complex, which includes 3,036 hotel suites, the first all-suites hotel 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.

The Venetian opened on May 3, 1999, and the Grand Canal Shops opened June 19, 1999.  Construction of components of the Resort continued during July and August 1999 with substantial completion of the Resort occurring on Nov. 12, 1999.

Certain matters discussed in this news release may constitute forward-looking statements within the meaning of the federal securities laws. 

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Contact:
The Venetian
Las Vegas
William P. Weidner
702/733-5733

Also See Venetian Casino Resort Occupancy Was 97% with $185 ADR during February, 2000 / March 2000 
During July, The Newly Opened Mega-Resort Venetian Reports Overall Hotel Occupancy of 85 % at an ADR of $127 / Aug 1999 


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