UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
SEC FILE NUMBER
NOTIFICATION OF LATE FILING 0-17436
FORM 10-QSB CUSIP NUMBER
517668
For Period Ended: September 30, 1996
[Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.]
PART I - REGISTRANT INFORMATION
LAS VEGAS DISCOUNT GOLF & TENNIS, INC.
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Full Name of Registrant
Not Applicable
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Former Name if Applicable
5325 South Valley View Boulevard, Suite 10
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Address of Principal Executive Office (Street and Number)
Las Vegas, Nevada 89118
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City, State and Zip Code
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the Registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
(a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
(b) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following the
[X] prescribed due date; or the subject quarterly report of transition
report on Form 10-Q, or portion thereof will be filed on or before
the fifth calendar day following the prescribed due date; and
(c) The accountant's statement or other exhibit required by Rule 12b-
25 has been attached if applicable.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11-K, 10-Q,
N-SAR, or the transition report or portion thereof, could not be filed within
the prescribed time period.
The Registrant's accounting personnel have been out of town and were not able
to make the final changes needed to the Form 10-QSB in sufficient time to file
it in a timely manner.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Jon D. Sawyer 303/295-2355
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(Name) (Area Code)(Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940
during the preceding 12 months (or for such shorter)
period that the Registrant was required to file such
reports) been filed? If answer is no, identify report(s). [X]Yes [ ]No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last
fiscal year will be reflected by the earnings statements
to be included in the subject report or portion thereof? [ ]Yes [X]No
NARRATIVE AND QUALITATIVE EXPLANATION OF THE ANTICIPATED CHANGE:
During the quarter ended September 30, 1996, the Registrant had
a net loss of $(73,000) as compared to net income of $81,000
during the quarter ended September 30, 1995. For the nine
months ended September 30, 1996, the Registrant had a net loss
of $(348,000) as compared to net income of $59,000 during the
nine months ended September 30, 1995. The decline in results
of operations during the nine month period is primarily due to
expenses incurred in the operation of two new company owned
stores which were opened in April and August 1995, and
development expenses relating to the All-American SportPark.
For the quarter ended September 30, 1996, the decline was
primarily a result of a decrease in merchandise sales which is
attributed to temporary declines due to poor weather in Canada,
the relocation of two Canadian stores, and a decline in sales
during the three weeks of the Olympics.
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LAS VEGAS DISCOUNT GOLF & TENNIS, INC.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
LAS VEGAS DISCOUNT GOLF & TENNIS, INC.
Date: November 15, 1996 By /s/ Voss Boreta
Voss Boreta, President
[ATTENTION: Intentional misstatements of omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).]
