As part of the effort, the company released preliminary firstquarter results for its Las Vegas operations. When compared to thefirst quarter of 2006, the owner of the Venetian and the Sands Expoconvention complex says its casino revenues increased approximately24% to $120 million, its hotel revenues increased 7% toapproximately $96 million, its food and beverage revenues fellapproximately 8% to $40 million and its retail and other operatingrevenues rose 20% to approximately $41 million.

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With regard to its hotel performance, the company says theVenetian's average daily rate increased approximately 10.8% to $276and its occupancy of available guest rooms –- it is remodelingrooms in conjunction with the development of its integrated Palazzocomplex--remained at 99%. RevPAR rose 10% to $273.

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On a GAAP basis, Sands Corp. says operating income from its LasVegas operations is expected to be in the range of $86 million to$91 million in the first quarter of 2007, versus $79.3 million inthe same 2006 period. Adjusted property EBITDAR for its Las Vegasoperations is expected to be in the range of $107 million to $112million in the first quarter of 2007, compared to $101.1 millionfor the first quarter of 2006. The increase in EBITDAR, largely theresult of a higher than expected table games hold percentage, wassubstantially offset by an elevated provision for bad debt,according to the company.

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Las Vegas Sands president William Weidner says the increase inroom rates and RevPAR is being driven by the company'sconvention-based strategy while its "increasingly important"high-end business is benefiting from the company's investments inthe infrastructure and amenities, such as its new Palazzo complex,which will open later this year. The Venetian, the Sands Expo andthe Palazzo taken together represent the largest integrateddestination resort in the world, with over 7,000 hotel rooms and2.3 million sf of meeting, convention and exhibition space.

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In addition to its Vegas operations, Las Vegas Sands owns theSands Macao in the People's Republic of China (PRC) SpecialAdministrative Region of Macao. It also developing severalproperties on the Cotai Strip in Macau and has three integratedresorts currently under construction outside of Las Vegas: TheVenetian Macao Resort-Hotel in Macao; Sands Bethworks in Bethlehem,PA; and The Marina Bay Sands in Singapore.

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