Las Vegas' Newest Resort Takes Luxury Retail to New Heights LAS VEGAS, Nov. 30 /PRNewswire-FirstCall/ -- The Palazzo, a Las Vegas Sands Corp. (NYSE:LVS) resort nearing completion in the heart of the famed Las Vegas Strip, today announced that The Shoppes at The Palazzo -- the 450,000-square-foot luxury retail component of the project -- will open to the public on January 18, 2008. Anchored by an 85,000-square-foot Barneys New York, The Shoppes at The Palazzo will feature more than 60 lavish boutiques and comprise the most luxurious retail offerings in Las Vegas to date, according to Rob Goldstein, president of The Palazzo and its sister-property The Venetian. "Barneys New York is more than just the world's emporium of style. It will serve as a landmark for The Palazzo with its iconic red awnings and award-winning window displays that will front the Las Vegas Strip," said Goldstein. "Barneys, considered a leading retailer for the fashion-forward, will be an unparalleled shopping destination among Las Vegas properties underscoring the ultra-luxurious experience to which The Palazzo is committed. We couldn't ask for a stronger and more appropriate anchor for the resort's profile and anticipated guest base." In addition to Barneys New York, a remarkable 20 stores and luxury brands are making their Las Vegas debuts at The Palazzo. They include Chloe, Tory Burch, Christian Louboutin, Diane Von Furstenberg, Van Cleef & Arpels, Anya Hindmarch, Poleci, Lambertson Truex, Phillipe Charriol, Edidi, Piaget and Michael Kors. These new additions to the Las Vegas Strip will be joined by the likes of Ralph Lauren, Jimmy Choo, Piaget, Burberry, Salvatore Ferragamo, Fendi, Bottega Veneta and Montblanc to present one of the most upscale retail destinations under one roof in the United States. The Shoppes at The Palazzo will also be home to more than a dozen restaurants featuring a variety of cuisine from a star-studded collection of award-winning chefs. The new restaurants include CarneVino by Mario Batali, CUT by Wolfgang Puck, Table 10 by Emeril Lagasse, and Restaurant Charlie by Charlie Trotter, as well as Dos Caminos, Grand Lux Caf�, Jade, Mainland, Morels French Steakhouse & Bistro, Prime Blue Grill, SUSHISAMBA, and Woo. "In a city like Las Vegas, making a statement can be challenging," said Goldstein. "But The Shoppes at The Palazzo, with dozens of the world's premier luxury brands and a star-studded restaurant line-up, is set to take luxury retail and dining to the next level in Las Vegas." Not to be outdone by its retail and restaurant counterparts, entertainment and recreation will also be a powerful draw at The Palazzo. A new 65,000-square-foot Canyon Ranch SpaClub, the Las Vegas version of the dynamic 40/40 sports bar and lounge, a unique Lamborghini showroom, gift store and cafe, and Broadway smash-hit Jersey Boys (which will take up residence in a new 1,650 seat theater in the spring of 2008) will all add to the energy and excitement of The Palazzo. Las Vegas Sands Corp. plans to soft-open the resort in late December 2007 with grand opening festivities beginning the evening of January 17, 2008. The Shoppes at The Palazzo is the newest member of the elite collection of America's Premier Shopping Places (http://www.americasshoppingplaces.com/), the nation's largest collection of tourism oriented shopping centers from Boston to Hawaii. Both The Palazzo and The Shoppes at The Palazzo are developments of Las Vegas Sands Corp. General Growth Properties, Inc., the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT), and owner of six other Las Vegas retail properties, has purchased The Shoppes at The Palazzo and will take possession of the retail center as owner/operator on January 18, 2008 -- the day it opens. THE PALAZZO RESORT HOTEL CASINO The Palazzo is a stand-alone resort currently being built by Las Vegas Sands Corp. (NYSE:LVS) in the heart of the famed Las Vegas Strip. When combined with the neighboring Venetian and Sands Expo and Convention Center, The Palazzo will give the company the largest hotel and convention complex in the world. In addition to Jersey Boys, the Palazzo will feature more than 3,000 all-suite rooms and offer its new shopping, dining and entertainment on two luxurious levels. The 450,000-square-foot retail space, The Shoppes at The Palazzo(TM) will be highlighted by Barneys New York and connected to The Venetian via The Grand Canal Shoppes. It will house more than 60 high-end and premium stores from the most recognizable brands to the hottest newcomers and unique one-of-a-kind boutiques drawn from all over the world. Additionally, The Palazzo will offer more than a dozen new restaurants from renowned chefs, many of whom are not yet featured in the Las Vegas area. GENERAL GROWTH PROPERTIES, INC. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. In Las Vegas, General Growth's portfolio includes Fashion Show (1.8 million sf); The Grand Canal Shoppes at The Venetian (500,000 sf); Meadows Mall (950,000 sf); and The Boulevard Mall (1.2 million sf). Future southern Nevada retail centers include The Shoppes at Summerlin Centre (1.6 million sf), opening Fall 2009 and Echelon (300,000 sf), opening 2010. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, visit http://www.generalgrowth.com/. Media Contacts: Ron Reese or Mindy Eras 702.414.4334 DATASOURCE: The Palazzo CONTACT: Ron Reese, or Mindy Eras, +1-702-414-4334, for The Palazzo Web site: http://www.venetian.com/ http://www.americasshoppingplaces.com/ http://www.generalgrowth.com/

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