EXHIBIT 99.1

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


(Las Vegas, NV - May 22, 2002) Venetian Casino Resort, LLC and Las Vegas Sands,
Inc. announced today that they had priced their Rule 144A offering of $850
million in aggregate principal amount of mortgage notes. The notes will bear
interest at 11% and mature on June 15, 2010. In connection with the offering of
their mortgage notes, Venetian and its subsidiaries also intend to enter into a
new senior secured credit facility in an aggregate amount of approximately $375
million and a new secured mall loan facility in an aggregate principal amount of
$105 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 on or about June 4, 2002.

The securities to be offered have not been and 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, UNCERTAINTIES 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 COMMISSION. 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