# Exhibit 99.1

|                   |  |              
|------------------ |  | -------------
|Venetian Lion Logo |  | Press Release

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|                       |  |                              
|---------------------- |  | -----------------------------
|For Immediate Release: |  | Contact:   William P. Weidner
|February 3, 2004       |  | Las Vegas Sands, Inc.        
|                       |  | (702) 733-5733               

# Las Vegas Sands, Inc.
Reports Fourth Quarter and Full Year 2003 Results

(Las Vegas, NV  February 3,
2004) Las Vegas Sands, Inc., owner and operator of The Venetian Casino Resort and The
Grand Canal Shops in Las Vegas, and The Sands Macau, in Macau, a Special Administrative
Region of the Peoples Republic of China, today reported financial results for the
quarter and full year ended December 31, 2003.

# Fourth Quarter 2003
Results

In the fourth quarter of 2003, Las
Vegas Sands, Inc. reported Adjusted Property EBITDAR of $63.4 million, an increase of 8.7
percent when compared to $58.3 million in the year-ago quarter. Of this amount the Grand
Canal Shops Mall subsidiary contributed $6.4 million of EBITDAR during the fourth quarter
of 2003, as compared to $6.4 million during the fourth quarter of 2002, (See the
accompanying tables and footnotes, which reconcile Net Income to Adjusted Property
EBITDAR.)

Net income before preferred return for
the fourth quarter of 2003 was $9.3 million. That compares to net income before preferred
return of $12.0 million for the fourth quarter of 2002. Net income for the fourth quarter
of 2003 was $2.6 million, as compared to $6.0 million for the fourth quarter of 2002. The
decline in net income for the fourth quarter was partially the result of table games win
percentage being significantly lower during the fourth quarter of 2003 as compared to the
fourth quarter of 2002 at the Venetian, increased depreciation expense and interest
expense associated with placing in service the Venezia Tower at the Venetian and increased
pre-opening and developmental expenses for the Sands Macau.

Net revenue for the fourth quarter of
2003 was $164.1 million, an increase of 6.6 percent when compared to $154.0 million in the
fourth quarter of 2002.

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# Page 2

# Full Year of 2003 Results

Adjusted Property EBITDAR for the year
ended December 31, 2003 was $259.2 million, an increase of 20.6 percent when compared to
$215.0 million in the year-ago period. Table games win percentage was within a normal
range during the full years of 2003 and 2002. Of this amount the Grand Canal Shops Mall
subsidiary contributed $23.3 million of EBITDAR during the full year 2003, an increase of
6.4 percent when compared to $21.9 million during the full year 2002.

Net income before preferred return for
the year ended December 31, 2003 was $64.4 million. That compares to a net loss before
preferred return of $15.1 million for the year ended December 31, 2002. Net income for the
year ended December 31, 2003 was $38.2 million as compared to a net loss of $38.4 million
for the year ended December 31, 2002. Results for the year ended December 31, 2002
included a loss on early retirement of debt of $51.4 million.

Net revenue for the year ended
December 31, 2003 was $641.5 million an increase of 12.3 percent when compared to $571.4
million in net revenue reported for the year ended December 31, 2002.

William P. Weidner, President and
Chief Operating Officer of Las Vegas Sands, Inc. stated, The opening of the 1,013
room Venezia Tower at the Venetian during 2003 contributed considerably to increased
revenues and margins. The Venezia Tower features a lavish pool deck, an exclusive
Concierge-Level featuring a private lounge and the Venetians first wedding chapel.
The opening of the tower coincided with the debut of the Venetian Congress Center
expansion of 150,000 square feet, including three ballrooms, sixty-four meeting rooms and
three permanent boardrooms. Also, early in the first quarter, we opened a new restaurant,
Bouchon, operated by Thomas Keller of the French
Laundry restaurant of Napa Valley. We believe that the addition of The
Venezia rooms coupled with the additional meeting space, resulted in increased group and
individual room demand. The additional room guests resulted in increased demand for our
casino, food and beverage, and retail business, along with increased mall traffic and the
enhanced mall tenants sales, all positively contributing to the overall continuing
strength of the Venetian during 2003.

Weidner went on to say, We
continue to plan and explore financing alternatives for our second Las Vegas mega-resort
on land between the Venetian and Wynn Las Vegas Resort, as well as with our development
activities in Macau, which continue to raise our profile in Asia. We believe that we are
on schedule to complete in the second quarter of 2004, The Sands Macau Casino, a 163,000
square foot casino that will feature 320 table games and 500 slot machines and is located
in the ferry terminal tourism district in one of the most dynamically economic development
areas of China near Hong Kong. In addition, we continue the formulation of development
plans and strategies for our destination resort hotel casino in Macau, The Venetian
Macau.

# Venetian Casino Resort
Fourth Quarter Operating Results

Hotel revenues were $69.7 million
during the fourth quarter of 2003, an increase of 39.1 percent when compared to $50.1
million in the fourth quarter of 2002. The Venetians occupancy of available
guestrooms was 92.8 percent during the fourth quarter of 2003, compared with the 90.4
percent during the prior years fourth quarter, generating revenue per available room
(REVPAR) of $189 during the fourth quarter of 2003, as compared to $180 in the fourth
quarter of 2002. The Venetians average daily room rate (ADR) was $204 during the
fourth quarter of 2003, as compared to $199 during the prior years fourth quarter.
Weidner remarked, In the fourth quarter, we improved hotel occupancy along with higher
average daily room rates,
and continued to receive strong room demand for The Venezia Tower and its club level
suites, without affecting occupancy and room rates of the original Venetian Hotel
Tower.

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# Page 3

Casino revenues were $66.9 million in
the fourth quarter of 2003, a decrease of 15.4 percent when compared to $79.1 million in
the fourth quarter of 2002. Table games win percentage was significantly lower in the
fourth quarter of 2003 at 18.2 percent as compared to 28.2 percent during the fourth
quarter of 2002. Casino win percentage is reasonably predictable over time, but can
fluctuate significantly over shorter periods, such as between fiscal quarters. Table games
drop (volume) was $212.9 million in the fourth quarter of 2003, as compared to $225.2
million in the prior years fourth quarter, a decrease of 5.5 percent. Slot machine
handle (volume) was $489.4 million in the fourth quarter of 2003, as compared to $416.7
million during the fourth quarter of 2002, an increase of 17.4 percent. Weidner indicated,
Table games volume declined because of fewer select high end casino guests during
the fourth quarter of 2003, as compared to the same period of 2002. We believe that the
occurrence of the Chinese lunar New Year during January nearer the Christmas holidays than
normal, affected our Asian high end table games volume during December. As a result of
this, the January lunar New Years period was particularly strong, because many of
our guest arrived in January rather than December for their traditional new years trip to
Las Vegas.

Food and beverage revenues were $19.6
million in the fourth quarter of 2003, an increase of 26.5 percent, when compared to $15.5
million in the fourth quarter of 2002. The increase in food and beverage revenue was a
continuing indicator of the Venetians strong group banquet business and the addition
of 150,000 square feet of new state-of-the-art meeting rooms and the new Venezia Tower
hotel rooms. Retail and other operating revenues were $10.9 million in the fourth quarter
of 2003, as compared to $8.3 million during the fourth quarter of 2002.

The Venetians Mall Subsidiary
generated rental and related revenues of $10.4 million during the fourth quarter of 2003,
as compared to $10.3 million during the fourth quarter of 2002. The Mall continues to
generate improved revenues and operating cash flow as the Mall benefits from increased
foot traffic and tenant sales. Weidner stated, The Mall continues to undergo limited
re-merchandising through the change of select tenants and the addition of new tenants,
which is expected to provide additional rental revenue in the future. The Company
announced during January that it has retained Goldman, Sachs & Co., as financial
advisor, to explore various strategic alternatives available to it relating to the Grand
Canal Shops, the Venetian-themed mall attached to the Venetian Casino Resort. No decision
has been made as to whether there will be a sale or any other transaction involving the
Grand Canal Shops. The Company is uncertain as to what strategic alternatives may be
available to it, and there can be no assurance that, if any transaction is commenced, it
will be completed or as to the value that any such transaction might have for the Company.
The Company does not intend to issue any other press release relating to the subject
matter referenced above until such time, if ever, as it enters into a definitive agreement
in connection with any such transaction or series of transactions or determines to
terminate this strategic process.

The Venetian and its Mall Subsidiary
continued to report improved EBITDAR margins. The Venetians EBITDAR margin (before
pre-opening and corporate expenses) during the fourth quarter of 2003 as a percentage of
net revenues was 38.6 percent, versus 37.9 percent in the same period of a year earlier
despite significantly lower Table games win percentages. Weidner stated, With the
opening of Venezia, our 1,013 all-suite hotel room addition, we have increased
our EBITDAR margins. This additional capacity has added high
margin rooms and casino revenues without significantly increasing overhead costs.

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# Page 4

# Venetian Casino Resort
Full Year 2003 Operating Results

Hotel revenues were $251.4 million
during the full year of 2003, an increase of 21.6 percent when compared to $206.7 million
in the full year 2002. The occupancy of available guestrooms was 96.0 percent during the
full year 2003, compared with the 95.6 percent during the prior year. The Venetians
average daily room rate (ADR) was $204 during 2003, as compared to $196 during the prior
year, generating revenue per available room (REVPAR) of $195 during 2003, as compared to
$187 in 2002.

Weidner remarked, In 2003, we
achieved strong hotel occupancy and higher average daily room rates with the addition of
1,013 hotel rooms in mid-2003. We continue to receive strong room demand for The Venezia
Tower and its club level suites, without affecting occupancy and room rates of the
original Venetian Hotel Tower.

Casino revenues were $272.8 million in
2003, an increase of 6.4 percent when compared to $256.5 million in 2002,. Table games win
percentage was within a normal range during the full years of 2003 and 2002.

Food and beverage revenues were $82.9
million in 2003, an increase of 17.9 percent, when compared to $70.3 million in 2002.

The Venetians Mall Subsidiary
generated rental and related revenues of $39.4 million during 2003, an increase of 7.9
percent when compared to $36.5 million during 2002.

The Venetian and its Mall Subsidiary
continued to report improved EBITDAR margins. The Venetians EBITDAR margin (before
pre-opening and corporate expenses) during 2003 as a percentage of net revenues was 40.4
percent, versus 37.6 percent in 2002.

# Other Factors Affecting
Earnings

Net interest expense was $29.8 million
for the fourth quarter of 2003, of which $1.7 million was related to The Sands Macau, as
compared to net interest expense of $28.8 million during the fourth quarter of 2002. The
increase was a result of increased borrowings in relation to the construction of the
Venezia Tower and meeting room expansion in Las Vegas, and the Companys Macau
Subsidiary to be used for the development of the Sands Macau, offset by capitalized
interest of $0.6 million during the fourth quarter of 2003.

Depreciation expense was $14.7 million
for the fourth quarter of 2003, as compared to $10.6 million for the fourth quarter of
2003. The increase was the result of placing into service at the beginning of the third
quarter the Venezia Tower and the meeting room expansion in Las Vegas.

The Sands Macau pre-opening expenses
in the fourth quarter were $3.8 million, all of which are reported in the Companys
results for the Sands Macau. Pre-opening expenses in the fourth quarter last year related
to the Sands Macau were $2.8 million. The Sands Macau is currently in the development and
construction phase. We believe that we are on schedule to open and complete the Sands
Macau in the second quarter of 2004.

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# Page 5

# Balance Sheet Items

Unrestricted cash balances at December
31, 2003 were $143.2 million, while restricted cash balances at December 31, 2003 were
$121.7 million. Of the restricted cash balances, $117.1 million is restricted for
construction of the Sands Macau.

Total debt outstanding including the
current portion at December 31, 2003 was $1.439 billion, of which $12.6 million is due
within the next twelve months. Of the total debt outstanding, $160.0 million is associated
with the Companys Macau Subsidiaries.

# Capital Expenditures

Capital expenditures during the
quarter totaled $58.6 million. Of this total, $13.3 million was utilized for the room and
meeting space addition at the Venetian in Las Vegas, as well as $9.2 million for
improvements and maintenance capital expenditure at the Venetian in Las Vegas; $24.6
million was utilized for the Sands Macau construction and development activities in Macau,
and $11.5 million for planning costs of the second Las Vegas mega-resort adjacent to the
Venetian.

During the full year 2003, the Company
spent $280.4 million on capital investments, including $176.0 million to complete the
Venezia Tower and meeting room expansion at the Venetian in Las Vegas, $34.0 million on
other improvements and maintenance capital expenditures at the Venetian in Las Vegas,
$54.0 million for the development and construction of the Sands Macau in Macau, and $16.4
million on planning for the Companys second mega-resort in Las Vegas, on land
adjacent to the Venetian.

# Forward-looking Statements

This press release contains
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 the Company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. Las
Vegas Sands, Inc. assumes no obligation to update such information.

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# Page 6

# Las Vegas Sands Inc.Condensed
Consolidated Statements of Operations(In thousands) (Unaudited)

|                                                          | Three Months Ended | Twelve Months Ended |   |        
|--------------------------------------------------------- | ------------------ | ------------------- | - | -------
|
|
|Revenues:                                                 |                    |                     |   |        
|Casino                                                    |                    |                     | $ | 66,877 
|Rooms                                                     |                    |                     |   | 69,715 
|Food and Beverage                                         |                    |                     |   | 19,558 
|Grand Canal Shops                                         |                    |                     |   | 10,373 
|Retail                                                    |                    |                     |   | 2,157  
|Other                                                     |                    |                     |   | 8,789  
|                                                          |                    |                     |   |        
|                                                          |                    |                     |   | 177,469
|Less - Promotional Allowances                             |                    |                     |   | (13,351
|                                                          |                    |                     |   |        
|                                                          |                    |                     |   | 164,118
|                                                          |                    |                     |   |        
|Operating Costs and Expenses:                             |                    |                     |   |        
|Venetian Casino-Hotel Operations                          |                    |                     |   | 96,817 
|Grand Canal Shops Operations                              |                    |                     |   | 3,938  
|Rental Expense                                            |                    |                     |   | 2,523  
|Corporate Expense                                         |                    |                     |   | 3,684  
|Pre-opening and developmental expense                     |                    |                     |   | 3,808  
|Depreciation and Amortization                             |                    |                     |   | 14,666 
|                                                          |                    |                     |   |        
|                                                          |                    |                     |   | 125,436
|                                                          |                    |                     |   |        
|Operating income                                          |                    |                     |   | 38,682 
|                                                          |                    |                    
|Interest Cost, net of amounts capitalized                 |                    |                     |   | (29,836
|Interest expense on indebtedness to Principal Stockholder |                    |                     |   |       
|Interest Income                                           |                    |                     |   | 490    
|Other income (expense)                                    |                    |                     |   | 5      
|Loss on early retirement of debt                          |                    |                     |   |       
|                                                          |                    |                     |   |        
|Income (loss) before Preferred return                     |                    |                     |   | 9,341  
|                                                          |                    |                    
|Preferred return on Redeemable Preferred Interest         |                    |                    
|in Venetian Casino Resort, LLC                            |                    |                     |   | (6,745 
|                                                          |                    |                     |   |        
|Net Income (loss)                                         |                    |                     | $ | 2,596  
|                                                          |                    |                     |   |        

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# Page 7

# Las Vegas Sands
Inc.Supplemental Data Schedule (In thousands)(Unaudited)

The following is a reconciliation of
Operating Income to EBITDA and Adjusted Property EBITDAR:

|                  | Three Months Ended
December 31, 2003 |        |   |        |  |        |  
|----------------- | ------------------------------------ | ------ | - | ------ |  | ------ | -
|
|
|
|
|Venetian Resort & |                                      |        |   |        |  |        |  
|Grand Canal Shops |                                      | 42,722 |   | 14,443 |  | 57,165 |  
|                  |                                     
|Sands Macau       |                                      | (4,040 | ) | 223    |  | (3,817 | )
|                  |                                      |        |   |        |  |        |  
|                  |                                      | 38,682 |   | 14,666 |  | 53,348 |  

|                  | Three Months Ended
December 31, 2002 |        |   |        |  |        |  
|----------------- | ------------------------------------ | ------ | - | ------ |  | ------ | -
|
|
|
|
|Venetian Resort & |                                      |        |   |        |  |        |  
|Grand Canal Shops |                                      | 42,076 |   | 10,623 |  | 52,699 |  
|                  |                                     
|Sands Macau       |                                      | (2,828 | ) |       |  | (2,828 | )
|                  |                                      |        |   |        |  |        |  
|                  |                                      | 39,248 |   | 10,623 |  | 49,871 |  

|                  | Twelve Months Ended
December 31, 2003 |         |   |        |  |         |  
|----------------- | ------------------------------------- | ------- | - | ------ |  | ------- | -
|
|
|
|
|Venetian Resort & |                                       |         |   |        |  |         |  
|Grand Canal Shop  |                                       | 186,416 |   | 50,614 |  | 237,030 |  
|                  |                                      
|Sands Macau       |                                       | (9,639  | ) | 223    |  | (9,416  | )
|                  |                                       |         |   |        |  |         |  
|                  |                                       | 176,777 |   | 50,837 |  | 227,614 |  

|                  | Twelve Months Ended
December 31, 2002 |         |   |        |  |         |  
|----------------- | ------------------------------------- | ------- | - | ------ |  | ------- | -
|
|
|
|
|Venetian Resort & |                                       |         |   |        |  |         |  
|Grand Canal Shops |                                       | 152,708 |   | 43,638 |  | 196,346 |  
|                  |                                      
|Sands Macau       |                                       | (5,925  | ) |       |  | (5,925  | )
|                  |                                       |         |   |        |  |         |  
|                  |                                       | 146,783 |   | 43,638 |  | 190,421 |  

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# Page 8

# Las Vegas Sands
Inc.Supplemental Data Schedule (In thousands)(Unaudited)

The following is a reconciliation of
Net Income to EBITDA and Adjusted Property EBITDAR:

|                                      | Three Months Ended | Twelve Months Ended |   |       
|------------------------------------- | ------------------ | ------------------- | - | ------
|
|
|
|Net Income                            |                    |                     | $ | 2,596 
|Add :                                 |                    |                     |   |       
|Preferred return                      |                    |                     |   | 6,745 
|Loss on early retirement of debt      |                    |                     |   |      
|Other income (expense)                |                    |                     |   | (5    
|Interest income                       |                    |                     |   | (490  
|Interest expense                      |                    |                     |   | 29,836
|Depreciation and Amortization         |                    |                     |   | 14,666
|                                      |                    |                     |   |       
|                                      |                    |                    
|EBITDA                                |                    |                     |   | 53,348
|Add :                                 |                    |                     |   |       
|Rental Expense                        |                    |                     |   | 2,523 
|Pre-opening and developmental expense |                    |                     |   | 3,808 
|Corporate Expense                     |                    |                     |   | 3,684 
|                                      |                    |                     |   |       
|Adjusted Property EBITDAR             |                    |                     | $ | 63,363
|                                      |                    |                     |   |       

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# Page 9

# Las Vegas Sands
Inc.Supplemental Data Schedule(In thousands except room and other
information) (Unaudited)

|                                        | Three Months Ended | Twelve Months Ended |   |       
|--------------------------------------- | ------------------ | ------------------- | - | ------
|
|
|Total Adjusted Property EBITDAR (1):    |                    |                     | $ | 63,363
|                                        |                    |                    
|Room Statistics for the Venetian:       |                    |                    
|Occupancy %                             |                    |                     |   | 92.8  
|Average Daily Room Rate (ADR) (2)       |                    |                     | $ | 204   
|Revenue per available room (REVPAR) (3) |                    |                     | $ | 189   
|                                        |                    |                    
|Other information:                      |                    |                    
|Table games drop per unit per day       |                    |                     | $ | 18,610
|Slot Machine handle per unit per day    |                    |                     | $ | 2,656 
|Average number of table games           |                    |                     |   | 124   
|Average number of slot machines         |                    |                     |   | 2,003 

(1)    
          Adjusted Property EBITDAR consists of Operating Income before depreciation,
          amortization, rent, pre-opening expenses and corporate expenses. Adjusted
          Property EBITDAR and EBITDA are supplemental non-GAAP financial measures used by
          management, as well as industry analysts, to evaluate operations. In particular,
          management utilizes Adjusted Property EBITDAR to compare the operating
          profitability of its Las Vegas Casino with those of its competitors in Las
          Vegas. Rental expense is added to EBITDA because the Company leases its HVAC
          plant and believes this provides a comparison of operating profitability to Las
          Vegas competitors who own their HVAC plants. Las Vegas Sands, Inc. is also
          presenting Adjusted Property EBITDAR because it is used by some investors as a
          way to measure a companys ability to incur and service debt, make capital
          expenditures and meet working capital requirements. Gaming companies have
          historically reported EBITDAR as a supplemental performance measure to GAAP
          financial measures. In order to view the operations of their casinos on a more
          stand-alone basis, gaming companies, including Las Vegas Sands, Inc., have
          historically excluded pre-opening expenses, which are non-recurring or
          infrequent, and corporate expenses which do not relate to the management of
          specific casino properties from their EBITDAR calculations. When evaluating
          Adjusted Property EBITDAR, investors should consider, among other factors, (1)
          increasing or decreasing trends in Adjusted Property EBITDAR and (2) how
          Adjusted Property EBITDAR compares to levels of debt and interest expense.
          However, Adjusted Property EBITDAR should not be interpreted as an alternative
          to income from operations (as an indicator of operating performance) or to cash
          flows from operations (as a measure of liquidity) as determined in accordance
          with generally accepted accounting principles. Las Vegas Sands, Inc. has
          significant uses of cash flow, including capital expenditures, interest payments
          and debt principal repayments, which are not reflected in Adjusted Property
          EBITDAR. All companies do not calculate EBITDAR in the same manner. As a result,
          Adjusted Property EBITDAR as presented by Las Vegas Sands, Inc. may not be
          comparable to similarly titled measures presented by other companies.

(2)    
          ADR is Average Daily Rate and is calculated by dividing total room revenue by
          total rooms occupied.

(3)    
          REVPAR is defined as Revenue Per Available Room and is calculated by dividing
          total room revenue by rooms available.