Exhibit 12.1

Las Vegas Sands Corp.
Computation of Ratio of Earnings to Fixed Charges

	Nine Months Ended September 30,						Year Ended December 31,
	2008(1)			2007(1)			2007(1)			2006			2005			2004			2003
	(in thousands)
Income (loss) before income taxes and noncontrolling interest	$	(76,252	)	$	92,733		$	138,279		$	504,246		$	287,936		$	481,447		$	66,634
Add: Fixed charges		405,025			337,038			478,483			238,534			126,679			148,001			131,482
Add: Amortization of interest capitalized		9,654			2,677			4,298			2,010			1,933			1,855			1,703
Less: Interest capitalized		(100,581	)		(168,999	)		(223,248	)		(94,594	)		(22,700	)		(4,601	)		(5,640	)
Earnings as adjusted	$	237,846		$	263,449		$	397,812		$	650,196		$	393,848		$	626,702		$	194,179
Interest expensed	$	293,709		$	161,628		$	244,808		$	135,853		$	96,292		$	138,077		$	122,442
Interest capitalized		100,581			168,999			223,248			94,594			22,700			4,601			5,640
Interest in rental expense		10,735			6,411			10,427			8,087			7,687			5,323			3,400
Total fixed charges	$	405,025		$	337,038		$	478,483		$	238,534		$	126,679		$	148,001		$	131,482
Earnings to Fixed Charges(2)		—			—			—			2.73			3.11			4.23			1.48
Deficiency Amount	$	(167,179	)	$	(73,589	)	$	(80,671	)	$	—		$	—		$	—		$	—

(1)	Las Vegas Sands Corp.’s earnings were insufficient to cover fixed charges by $167.2 million and $73.6 million for the nine months ended September 30, 2008 and 2007, respectively, and by $80.7 million for the year ended December 31, 2007.
(2)	We have not paid any dividends on preferred stock in the periods presented. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges.