More points, more rewards --- more reasons to play.

Las Vegas, Nevada (December 3, 2007) - On December 5, 2007, The Venetian Resort-Hotel-Casino will say "thank you" to its casino patrons with the launch of a redesigned and restructured player reward program, appropriately entitled, Club Grazie. Featuring a new point-based structure that allows players to earn points faster than ever before, Club Grazie will be accepted at both The Venetian and The Palazzo (opening late December 2008). Club Grazie provides members extraordinary benefits and rewards including cash back, promo credits and Discover gift cards redeemable at select retail outlets at both The Venetian and The Palazzo. Casino patrons will delight in the services and amenities available at two world class resorts with the ease and usability of just one card and one program.

Club Grazie offers three levels of membership, Grazie, Gold and Platinum. A player's membership level determines the rate at which points are earned and the higher the level, the faster points are earned. For every 2,500 points earned, players have their choice of $15 in slot credits, a $10 Discover gift card, or $5 in cash back. Points and level of membership are valid for one full calendar year.

"Club Grazie differentiates itself from other player reward programs primarily by offering members a wider range of choices. While still offering the traditional cash back and promo credits, our newest reward offering of Discover gift cards allow guests to truly customize their experience while at The Venetian or The Palazzo. The gift cards can be used towards suite accommodations, spa services, show tickets, dining and shopping; the opportunities are endless," stated Rom Hendler, vice president of strategic marketing for The Venetian and The Palazzo.

In addition to earning points faster and exciting new reward options, members of Club Grazie also receive additional benefits including:

* Cash Savings! Club Grazie members receive discounts to services and amenities at The Venetian and The Palazzo including restaurants, theater tickets, retail outlets within The Grand Canal Shoppes and spa services at the world renowned Canyon Ranch SpaClub. Level of membership determines discount rate.

* Grazie Gift Extravaganza! For each slot point earned, one Grazie point is earned. At our annual year-end Grazie Gift Extravaganza, the Grazie points our loyal players have collected throughout the year can be redeemed for a vast selection of merchandise including electronics, handbags, crystal, sports and games, fine jewelry, health & beauty products and much, much more. Gift certificates are also available for redemption with participating retailers located inside The Venetian and The Palazzo.

* Online accessibility! A new online component allows patrons to view their slot and Grazie points, review upcoming promotions and sign up to participate in casino invited events.

* Special events and promotions! Players receive endless opportunities to participate in exciting promotions like Wheel Deal, First Trip Rewards and even a bi-annual cruise for the top point earners in a set period.

* Additional incentives for Gold Level Members: In addition to all of the above, Gold level members receive access to the Gold Club Lounge, exclusive invitations to casino events, express valet parking privileges, invited guest check-in and discounts to select stores and retail outlets at The Venetian and The Palazzo.

* Exclusive incentives for Platinum Level Members: In addition to all of the above including the Gold level member rewards, Platinum level members receive VIP check-in, priority reservations and a more exclusive list of elite store discounts at The Venetian and The Palazzo.

For existing members, the transition to Club Grazie will be seamless. Current members have until December 31, 2008, to redeem points for cash back and maintain their level of membership. Member cards will continue to work until they are exchanged for a Club Grazie card. Membership is absolutely free to anyone 21 years of age or older with valid ID. For more information on Club Grazie, please visit www.venetian.com or call (702) 414- 4286.