**EXHIBIT      10.2**

**NON-QUALIFIED      STOCK OPTION AGREEMENT OF**

**LAS      VEGAS GAMING, INC.**

**A      Nevada Corporation**

**1.  Option      Granted**

**.**

**2.  Time      of Exercise of Option**

**3.  Method      of Exercise**

**4.  Capital      Adjustments**

| (a)   | The                existence of this option shall not affect in any way the right or                power of                Company or its stockholders to: (1) make or authorize any or all                adjustments, recapitalizations, reorganizations, or other changes                in                Company's capital structure or its business;  (2) enter into any                merger or consolidation; (3) issue any bonds, debentures, preferred                or                prior preference stocks ahead of or affecting the common stock or                the                rights thereof, (4) issue any securities convertible into any common                stock, (5) issue any rights, options, or warrants to purchase any                common                stock, (6) dissolve or liquidate Company, (7) sell or transfer all                or any                part of its assets or business, or (8) take any other corporate act                or                proceedings, whether of a similar character or                otherwise. |
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| (b)   | The                shares with respect to which this option is granted are shares of                the                common stock of Company as presently constituted, but if and whenever,                prior to the delivery by Company of all the shares of the stock with                respect to which this option is granted, Company shall effect a                subdivision or consolidation of shares or other capital readjustment,                the                payment of a stock dividend, or other increase or reduction of the                number                of shares of the stock outstanding without receiving com­pensation                therefore in money, services, or property, the num­ber of shares of                stock then remaining subject to this option shall: (1) in the event                of an                increase in the number of out­standing shares, be proportionately                increased, and the cash consideration payable per share shall be                proportionately re­duced; or (2) in the event of a reduction in the                number of outstanding shares, be proportionately reduced, and the                cash                consideration payable per share shall be proportion­ately                increased. |
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**5.  Merger      and Consolidation**

| (a)   | Following                the merger of one or more corporations into Company or any consolidation                of Company and one or more corporations in which Company is the surviving                cor­poration, the exercise of this option shall apply to the shares of                the surviving corporation. |
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| (b)   | Notwithstanding                any other provision of this agree­ment, this option shall terminate on                the dissolution or liqui­dation of Company, or on any merger or                consolidation in which Company is not the surviving                corporation. |
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**6.  Transfer      of this Option**

**7.  Termination      of Option**

| (a)   | The                expiration of three months from the date of Optionee's termination                of                employment, as defined in Para­graph 2 above, except for termination                due to death or per­manent and total                disability; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | The                expiration of 12 months from the date on which Optionee's employment,                as                defined in Paragraph 2 above, is terminated due to permanent and                total                disability, as de­fined in Internal Revenue Code Section 22(e)(3);                or |
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| (c)   | 10                years from the date hereof. |
|-----------------|-----------------------------------------------|

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**8.  Rights      as Shareholder**

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