SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 30, 1999
LAS VEGAS SANDS, INC.
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(Exact name of registrant as specified in its charter)
Nevada 333-42147 04-3010100
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(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No.)
of incorporation)
3355 Las Vegas Boulevard
Las Vegas, Nevada 89109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (702) 414-1000
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Not applicable
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(Former name or former address if changed since last report)
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Item 5. Other Events.
On July 30, 1999, Las Vegas Sands, Inc. (the "Company") issued a press
release attached as Exhibit 99 hereto that announced that the Company's
subsidiary, Venetian Casino Resort, LLC ("VCR") had commenced a lawsuit against
Lehrer McGovern Bovis, Inc. ("LMB"), the construction manager for the Venetian
Casino Resort, and its parent corporation, Bovis, Inc. ("Bovis"). The lawsuit
relates to a breach of contract by LMB of its obligations under the construction
management agreement for the Venetian Casino Resort and a breach of contract by
Bovis of its obligations under a guaranty of the construction management
agreement.
Item 7. Exhibits.
(c) Exhibits.
99 Press Release, dated July 30, 1999, announcing that
VCR had commenced a lawsuit against LMB and Bovis.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, hereunto duly authorized.
LAS VEGAS SANDS, INC.
By: /s/ David Friedman
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Name: David Friedman
Title: Secretary and Assistant
to the Chairman of the
Board
Dated: August 2, 1999
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EXHIBIT INDEX
Exhibit
Number Exhibit
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99 Press Release, dated July 30, 1999, announcing that VCR
had commenced a lawsuit against LMB and Bovis.
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Exhibit 99
The Venetian Resort-Hotel-Casino Press Release
For Immediate Release: Contact: David Friedman
702/733-5502
Kurt Ouchida
702/414-4335
THE VENETIAN SUES BUILDER FOR
BREACH OF CONTRACT
Venice-Themed Mega-Resort Files Lawsuit in U.S. District
Court Against Lehrer McGovern Bovis
LAS VEGAS, Nevada -- (July 30, 1999) -- The Venetian Resort- Hotel-Casino (The
Venetian), filed a civil lawsuit today in United States District Court for the
District of Nevada against Lehrer McGovern Bovis (Bovis), the project's
construction manager. The suit seeks total damages in
excess of $50 million.
According to Venetian executives, the suit stems from a breach of contract
caused by Bovis' failure to properly perform under its construction management
agreement with the Venice-themed mega-resort.
Included in The Venetian's claim is Bovis' failure to fully pay trade
contractors and vendors as Bovis committed to in the Construction Management
Agreement provision that clearly states that work charges in excess of the Final
Guaranteed Maximum Price "shall be paid by Construction Manager."
This suit is intended to ask the courts to require Bovis to pay its contractors,
and to compensate The Venetian for Bovis' failure to perform its other duties
under the Construction Management Agreement.
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Certain matters discussed in this press release may constitute forward looking
statements within the meaning of the federal securities laws. Actual results and
the timing of certain events could differ materially from those projected in or
contemplated by the forward-looking statements due to a number of factors,
including general economic conditions, acts of god, and competition for
construction, hotel, casino, food and beverage, and related labor and materials
in the Las Vegas market. Reference is hereby made to the "Risk Factors" set
forth in the Company's Form S-4 filed with the Securities and Exchange
Commission.
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