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) June 19, 1997
LAS VEGAS ENTERTAINMENT NETWORK, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-21270 94-3123854
(Commission File Number) (IRS Employer Identification No.)
1801 Century Park East, 23rd Floor, Los Angeles, California 90067
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (310) 551-0011
No Exhibits included.
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Item 5. Other Events.
In a Current Report on Form 8-K dated January 15, 1997, the Company
disclosed that on January 15, 1997 that through its wholly owned Nevada
subsidiary Casino Co., made a 90-day secured loan of Two Million Nine Hundred
Thousand Dollars ($2,900,000) to NPD, Inc. ("NPD"), in order to enable NPD to
close the acquisition of 2,904,016 shares of the common stock of International
Thoroughbred Breeders, Inc. ("ITB"), then representing twenty five percent (25%)
of the outstanding stock of ITB. The loan was due on April 30, 1997. On June 19,
1997 NPD repaid the loan plus all accrued interest in full.
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Item 7. Financial Statements and Exhibits.
(a) (b) Not Applicable.
(c) Exhibits
10. Material Contracts
10.27 Loan Agreement between NPD and
Casino-Co Corporation dated January
15, 1997 with related Secured
Promissory Note, Security Agreement
and Pledge Agreement(1).
10.28 Guaranty of Nunzio DeSantis in favor
of Casino-Co Corpora-
tion(1).
10.29 Option of NPD, Inc. in favor of Casino
-Co Corporation(1).
(1) Incorporated by reference to the exhibits of the same number as filed with
the January 15, 1997 10-QSB.
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SIGNATURES
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 thereunto duly authorized.
Dated: June 23, 1997 LAS VEGAS ENTERTAINMENT NETWORK, INC.
By: /s/ Carl A. Sambus
Carl A. Sambus
Chief Financial Officer
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