Las Vegas Sands Corp. http://www.alacrastore.com/company-snapshot/Las_Vegas_Sands_Corp-2525452 Sunday, October 12, 2008 4:32:21 AM 2525452 Las Vegas Sands Corp. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/CMT_0000456531moodys/CMT_0000456531htmlGlobal Credit Research Issuer Comment # OCT #### Issuer Comment: Las Vegas Sands Corp. Las Vegas Sands rating status unchanged following convertible debt offering Las Vegas Sands Corp.'s (LVS) ratings remain under review for possible...10/2/2008 1:47:04 AMhtmlLas Vegas Sands Corp.Las Vegas Sands Corp.808107127150.0000NewsIssuer CommentCMT_0000456531Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/674509spcred/674509normThe latest News from S&Pglobalstructured10/1/2008 8:57:00 PM100News674509United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentNewsNEW YORK (Standard&Poor's) Oct. 1, 2008--Standard&Poor's Ratings Services said today that its corporate credit and issue-level ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, remain on CreditWatch with negative implications. (The corporate credit rating is 'B+'.) This follows the announcement that chairman and CEO (and 69% owner as of Dec. 31, 2007) Sheldon Adelson and his family have completed an investment in the company of $475 million in convertible senior notes. "Our recent downgrade and current CreditWatch listing reflect concerns around LVSC's liquidity position, given current issues in the capital markets, continued weak performance on theUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSNEWSUSA91827X51783*51783551783Q92264F92264N45102010 451020 4510 4525301010 253010 2530 25Las Vegas Sands LLCVenetian Casino Resort LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/674510spcred/674510normThe latest Research Update from S&Pglobalstructured10/1/2008 8:57:00 PM175Research Update674510United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentResearch UpdateOn Oct. 1, 2008, Standard&Poor's Ratings Services said that its corporate credit and issue-level ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, remain on CreditWatch with negative implications. (The corporate credit rating is 'B+'.) This follows the announcement that chairman and CEO (and 69% owner as of Dec. 31, 2007) Sheldon Adelson and his family have completed an investment in the company of $475 million in convertible senior notes. Our recent downgrade and current CreditWatch listing reflect concerns around LVSC's liquidity position, given current issues in the capital markets, continued weak performance on the Las Vegas Strip, andUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSRESUPDUSA91827X51783*51783551783Q92264F92264N45102010 451020 4510 4525301010 253010 2530 25Las Vegas Sands LLCVenetian Casino Resort LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/672479spcred/672479normThe latest News from S&Pglobal9/19/2008 6:26:00 PM100News672479United StatesCasinos & GamingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentHotel & GamingNewsNEW YORK (Standard&Poor's) Sept. 19, 2008--Standard&Poor's Ratings Services today lowered its corporate credit and issue-level ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, by one notch. The corporate credit rating was lowered to 'B+' from 'BB-'. The corporate credit and issue-level ratings remain on CreditWatch with negative implications, where they were initially placed on July 16, 2008. "The downgrade reflects increased concerns around LVSC's liquidity position, given current issues in the capital markets, continued weak performance on the Las Vegas Strip, and the potential for a significant slowdown of the growth trajectory in Macau, all whileUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSNEWSGLOBISSCORPMediaHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/672480spcred/672480normThe latest Research Update from S&Pglobalstructured9/19/2008 6:26:00 PM175Research Update672480United StatesCasinos & GamingUnited StatesStructured FinanceGlobal IssuersCollateralized Debt ObligationsCorporationsMedia & EntertainmentHotel & GamingResearch UpdateOn Sept. 19, 2008, Standard&Poor's Ratings Services lowered its corporate credit and issue-level ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, by one notch. The corporate credit rating was lowered to 'B+' from 'BB-'. The corporate credit and issue-level ratings remain on CreditWatch with negative implications, where they were initially placed on July 16, 2008. The downgrade reflects increased concerns around LVSC's liquidity position, given current issues in the capital markets, continued weak performance on the Las Vegas Strip, and the potential for a significant slowdown of the growth trajectory in Macau, all while the company seeks aUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSRESUPDUSA51783551783Q92264F91827X92264N51783*25301010 253010 2530 2545102010 451020 4510 45Venetian Casino Resort LLCLas Vegas Sands LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZSTRUCGLOBISSCDOCORPMediaHotelCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-28091003newstex/PRN-0005-28091003xml SIOUX FALLS, S.D., Sep. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- LodgeNet Interactive Corporation (Nasdaq: LNET), the leading provider of media and connectivity solutions to hospitality and healthcare businesses, will...07000000070100001000000010005000010000000102800004000000040140000401400204006000040060050401000004010010040100090401000604016000040160180401600510001000100010019/16/2008 9:25:28 AM1800000018016000190000001900200019002012PR Newswire USPRN-0005-28091003LAS VEGAS SANDS CORPLVSNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/B1907823ccbn/B1907823norm...LVS is responding to softer FIT market in Las Vegas by pursuing more group rooms, particularly in information technology and pharmaceutical sectors, which appeared to be less impacted. ... 7/30/2008 11:06:00 PMLas Vegas Sands Corp.54.0000EditedLas Vegas Sands Corp. Q2 2008 Earnings Conference Call SummaryLVS4:30pm ETBriefB1907823Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1907823ccbn/T1907823norm...Good afternoon. My name is Christie and I will be your conference operator today. At this time, I would like to welcome everyone to the Las Vegas Sands Corporation second-quarter #### earnings conference call. (Operator Instructions). Thank you. I would now like to turn the conference over to Mr. Bill Weidner, President and COO. Sir, you may begin your conference. ... 7/30/2008 9:06:00 PMLas Vegas Sands Corp.54.0000FinalLas Vegas Sands Corp. Q2 2008 Earnings Conference Call TranscriptLVS4:30pm ETTranscriptT1907823Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27043260newstex/PRN-0005-27043260xml LAS VEGAS, Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- Las Vegas Sands Corp. (NYSE: LVS), today reported financial results for the quarter ended June ##, ####.Company-Wide Operating ResultsNet revenue for the second...1000000010005000100020000100000001028000040000000401600004016018040160480401600104016003040140000401400204014001040070000400700510001000100010011100000011006000110060087/30/2008 5:21:41 PM18000000180040001800800019000000190010001900102819001038190010321900200019002004190020091900201319002016PR Newswire USPRN-0005-27043260LAS VEGAS SANDS CORPWILLIAM P WEIDNERLVSNewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26983543newstex/PRN-0005-26983543xml LAS VEGAS, Jul. ##, #### (PRNewswire-FirstCall delivered by Newstex) -- Las Vegas Sands Corp. (NYSE: LVS) today announced that it will hold its quarterly conference call to discuss financial results for the quarter ended June ##, ####...10000000100050000400000004014000040140020401600004016018040160487/28/2008 6:19:28 PM180000001800400018008000190000001900100019001028PR Newswire USPRN-0005-26983543LAS VEGAS SANDS CORPLVSNewsNewstexhttp://www.alacrastore.com/storecontent/moodys/PR_159409_808107127moodys/PR_159409_808107127htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: Las Vegas Sands Corp. Moody's places Las Vegas Sands on review for possible downgrade Approximately $#.# billion of rated debt affected. New York, July ##, #### -- Moody's...7/18/2008 12:35:55 AMhtmlLas Vegas Sands Corp.Venetian Casino Resort, LLCLas Vegas Sands Corp.; Venetian Casino Resort, LLC808107127600038481150.0000NewsRating ActionPR_159409_808107127Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659902spcred/659902normThe latest News from S&Pglobalstructured7/16/2008 1:04:00 PM100News659902United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentNewsNEW YORK (Standard&Poor's) July 16, 2008--Standard&Poor's Ratings Services today placed its ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, on CreditWatch with negative implications. The long-term corporate credit rating is 'BB-'. "The CreditWatch listing reflects significant underperformance of both the company's Las Vegas assets and Macau assets relative to our expectations," said Standard&Poor's credit analyst Ben Bubeck. "In addition, LVSC faces a near-term need for substantial financing to fund significant ongoing expansion activity in Macau." In resolving the CreditWatch listing, we will discuss with management its intermediate-term strategic and financial objectives. Our review willUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSNEWSUSA92264F51783Q92264N51783*51783591827X45102010 451020 4510 4525301010 253010 2530 25Venetian Casino Resort LLCLas Vegas Sands LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659903spcred/659903normThe latest Research Update from S&Pglobalstructured7/16/2008 1:04:00 PM175Research Update659903United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentResearch UpdateOn July 16, 2008, Standard&Poor's Ratings Services placed its ratings on the Las Vegas Sands Corp. (LVSC) family of companies, including Las Vegas Sands LLC, its Venetian Casino Resort LLC subsidiary, and affiliate VML U.S. Finance LLC, on CreditWatch with negative implications. The long-term corporate credit rating is 'BB-'. The CreditWatch listing reflects significant underperformance of both the company's Las Vegas assets and Macau assets relative to our expectations. In addition, LVSC faces a near-term need for substantial financing to fund significant ongoing expansion activity in Macau. In resolving the CreditWatch listing, we will discuss with management its intermediate-term strategic and financial objectives. Our review will consider several key factors, including: An assessment of (1) the cash flowUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSRESUPDUSA51783Q51783*51783591827X92264F92264N45102010 451020 4510 4525301010 253010 2530 25Venetian Casino Resort LLCLas Vegas Sands LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1867066ccbn/T1867066norm... - Goldman Sachs - AnalystOkay, sorry about that delay. A little bit of technology, and then we also had to feed some people. So I'd like to introduce Dan Briggs, who is the Vice President of Investor Relations for Las Vegas Sands. As you all know, LVS is a hotel and gaming company owning the Venetian, Palazzo, Sands Expo, Sands Macau and Venetian Macau, and they are building in Macau, Singapore, and Pennsylvania. Later this summer, they will open up the Four Seasons branded hotel. Let me turn it over to Dan, who's going to go through a little bit more of an extensive presentation, and then we'll go to Q&A. ... 6/2/2008 6:05:00 PMLas Vegas Sands Corp.54.0000FinalLas Vegas Sands Corp. at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference TranscriptLVS12:00pm ETTranscriptT1867066Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1828869ccbn/B1828869norm...LVS reported that Venetian delivered solid performance throughout the property. Co. believes there are some lightly outcomes that positively impact Macao's future as a destination and more importantly Co.'s position vis-a-vis the future itself. ... 4/30/2008 11:05:00 PMLas Vegas Sands Corp.54.0000EditedLas Vegas Sands Corp. LVS Q1 2008 Earnings Conference Call SummaryLVS1:30pm PTBriefB1828869Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1828869ccbn/T1828869norm...Good afternoon, ladies and gentlemen, and welcome to the Las Vegas Sands first-quarter earnings conference call. My name is Katie and I will be your coordinator for today. At this time, all participants will be in a listen-only mode. We will be facilitating a question-and-answer session towards the end of this conference. (OPERATOR INSTRUCTIONS). I would like to know turn the call over to your host for today, Mr. Bill Weidner. Sir, you may proceed. ... 4/30/2008 8:05:00 PMLas Vegas Sands Corp.54.0000FinalLas Vegas Sands Corp. LVS Q1 2008 Earnings Conference Call TranscriptLVS1:30pm PTTranscriptT1828869Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/spcred/633435spcred/633435normThe latest Summary from S&P2/29/2008 3:38:10 PMSummary175globalstructured633435United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentSummaryThe Las Vegas Sands Corp. (LVSC) family of companies includes Las Vegas Sands LLC (LVSL), its Venetian Casino Resort LLC (VCR) subsidiary, and affiliate VML U.S. Finance LLC (VML). The 'BB-' rating reflects an aggressive growth strategy, construction and start-up risks associated with LVSC's development projects in several markets, including Macau and Singapore, and the expectation that these substantial capital spending initiatives will result in consolidated credit metrics remaining at levels weak for the rating over the intermediate term. Still, the Venetian Las Vegas asset continues to be a good performer and a leader in the market, the Sands Macau asset has performed well since its opening in mid 2004, and operating momentum in both these markets is positive. Furthermore,USA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSSUMMARYUSA51783*51783551783Q91827X92264F92264N25301010 253010 2530 2545102010 451020 4510 45Venetian Casino Resort LLCLas Vegas Sands LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/633443spcred/633443normThe latest Full Report from S&P2/29/2008 3:38:10 PMFull Report400globalstructured633443United StatesCasinos & GamingUnited StatesGlobal IssuersStructured FinanceCorporationsCollateralized Debt ObligationsHotel & GamingMedia & EntertainmentFull ReportHigh-quality assets in each of the two strongest gaming markets in the world Positive momentum and good long-term growth opportunities in each of its markets Sufficient liquidity to pursue outlined growth opportunities Aggressive growth strategy with high intermediate-term capital spending Narrow business focus being dependent on four assets in two markets Construction risks associated with development projects in Macau and Singapore Consolidated credit measures expected to remain weak for the rating over the intermediate term The Las Vegas Sands Corp. (LVSC) family of companies includes Las Vegas Sands LLC (LVSL), its Venetian Casino Resort LLC (VCR) subsidiary, and affiliate VML U.S. Finance LLC (VML). The 'BB-' rating reflects an aggressive growth strategy, construction and start-up risks associated with LVSC's developmentUSA51783425301010 253010 2530 25Las Vegas Sands Corp.385782USALVSFULLUSA51783*51783551783Q91827X92264F92264N25301010 253010 2530 2545102010 451020 4510 45Venetian Casino Resort LLCLas Vegas Sands LLCVML U.S. Finance LLC318098318099395876USA9110Z9111ZGLOBISSSTRUCCORPCDOHotelMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1762124ccbn/T1762124normLas Vegas Sands Corp. Investor Conference: Session III2/12/2008 6:06:00 PMLas Vegas Sands Corp.54.0000FinalLas Vegas Sands Corp. Investor Conference: Session III TranscriptLVS2:15pm PTTranscriptT1762124Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1762122ccbn/T1762122norm Luncheon and Keynote2/12/2008 2:06:00 PMLas Vegas Sands Corp.54.0000Final Luncheon and Keynote TranscriptLVS1:15pm PTTranscriptT1762122Credit & Investment ResearchThomson StreetEvents