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Las Vegas Sands Adds Barneys NY

LAS VEGAS – (PRESS RELEASE) -- Las Vegas Sands Corp. (NYSE: LVS), owner of the famed Venetian Resort Hotel Casino, announced today that Barneys New York will open a flagship store in the company's new Palazzo Resort Hotel Casino currently being constructed next to The Venetian on the Las Vegas strip.

"Barneys is the preeminent name in luxury retail and is a perfect match for the style and sophistication visitors have come to expect at The Venetian and will soon experience at The Palazzo," said Robert Goldstein, president of The Venetian and The Palazzo.

Opening in the summer of 2007, The Shoppes at The Palazzo(TM) will offer an upscale shopping experience with Barneys, one of the most sophisticated and well known luxury retailers in the country, serving as the anchor of the 450,000 square-foot retail complex. Even while operating in an already renowned shopping mecca, Mr. Goldstein predicts the site of Barney's brilliant red awnings and style-setting window displays on the Strip will serve as a beacon to the world's most discriminating shoppers and will change the retail landscape in Las Vegas forever.

"We are thrilled to have an outstanding retailer such as Barneys New York as the flagship store for The Shoppes at The Palazzo. This addition speaks volumes as to the type of upscale shopping experience guests can expect," said John Bucksbaum, chief executive officer of General Growth Properties (NYSE: GGP), owner and manager of The Grand Canal Shoppes and eventual owner of The Shoppes at The Palazzo. "Barneys is one of the most prominent brand names in the world. We are excited that they have decided to bring their iconic brand to Las Vegas and we are proud that they chose to call The Shoppes at The Palazzo home."

The $1.6 billion Palazzo Resort Hotel Casino, with a design and ambience reminiscent of high-end locales such as Beverly Hills and Bel Air, will feature more than 3,000 all-suite rooms and offer its new shopping, dining and entertainment on two luxurious levels. The Shoppes at The Palazzo(TM) will be connected to The Venetian via The Grand Canal Shoppes and will include six new restaurants and approximately 80 high-end and mid-level stores from the most recognizable brands to the hottest new comers and unique one-of-a-kind boutiques drawn from all over the world. The Palazzo will also feature a 1,800-seat theater that is expected to host a major production or Broadway show.

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