U.S. SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549
   
                                FORM 10-QSB/A

                               Amendment No. 1
    
           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended June 30, 1996

                        Commission File Number: 0-17436

                     LAS VEGAS DISCOUNT GOLF & TENNIS, INC.
      ----------------------------------------------------------------
      (Exact name of small business issuer as specified in its charter)

          Colorado                                      84-1034868       
----------------------------                ---------------------------------
(State of other jurisdiction of             (IRS Employer Identification No.)
 incorporation or organization)

     5325 South Valley View Boulevard, Suite 10, Las Vegas, Nevada  89118
     --------------------------------------------------------------------
          (Address of principal executive offices including zip code)

                              (702) 798-7777
                         --------------------------
                         (Issuer's telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the preceding 12 months (or for such
shorter period that the Registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.

                          Yes _X_     No ___

As of August 8, 1996, 5,319,008 shares of common stock, no par value per share,
were outstanding.

Transitional Small Business Disclosure Format (check one): Yes___     No X

            LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES            
   
                      NOTES TO FORM 10-QSB/A

This amendment to the Las Vegas Discount Golf & Tennis, Inc. quarterly report on
Form 10-QSB/A for the quarterly period ended June 30, 1996 makes adjustments to
the previously reported results of operations and financial position for the
following:

1.   Elimination of intercompany sales and cost of sales for the comparable
     June 30, 1995 periods totaling $182,000 and 506,000 for the three and
     six months ended June 30, 1995.  The elimination of these intercompany
     sales and cost of sales amounts had no impact on previously reported
     net income.

2.   Deferral of a royalty advance received by the Company in 1995 and 1996
     pursuant to an agreement with a credit card company previously recognized
     into income in 1995.  The deferral and recognition into income of the
     royalty advance over the term of the agreement (five years) reduces the
     previously reported loss in the quarter and six months ended June 30,
     1996 as follows:
                                       As Reported     As Restated
     Quarter Ended June 30, 1996       -----------     -----------
          Net Loss                     $  (42,000)     $  (38,000)
          Loss per Share               $     (.01)     $     (.01)
     Six Months Ended June 30, 1996    
          Net Loss                     $ (275,000)     $ (267,000)
          Loss per Share               $     (.05)     $     (.05)
    
                       INDEX TO FINANCIAL STATEMENTS

PART I:  FINANCIAL INFORMATION                                     Page No.

Item 1.  Financial Information:

         Unaudited Condensed Consolidated Balance Sheets             3-4
         Unaudited Condensed Consolidated Statements of Income        5
         Unaudited Condensed Consolidated Statements of Cash Flows    6
         Notes to Unaudited Condensed Consolidated Financial
         Statements                                                  7-8

Item 2.  Management's Discussion and Analysis and
         Plan of Operations                                          9-11

PART II: OTHER INFORMATION

Item 1.  Legal Proceedings                                            11
Item 2.  Changes in Securities                                        11
Item 3.  Defaults Upon Senior Securities                              11
Item 4.  Submission of Matters to a Vote of Security Holders          11
Item 5.  Other Information                                          11-12
Item 6.  Exhibits and Reports on Form 8-K                             12

         Signatures                                                   13
                               -2-
<PAGE>
           LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
               UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                                    ASSETS
                                                June 30,     December 31,
                                                  1996           1995
                                              -----------    -----------
                                              (Unaudited)   (As Restated)
CURRENT ASSETS:

  Cash and cash equivalents                   $   829,000     $1,043,000
  Accounts receivable from franchisees, net       505,000        422,000
  Lease termination receivable                  3,000,000      3,000,000
  Inventories                                   3,058,000      2,588,000
  Prepaid expenses and other                       44,000        696,000

    Total current assets                        7,436,000      7,749,000

FURNITURE, EQUIPMENT AND 
  LEASEHOLD IMPROVEMENTS, NET                   1,360,000      1,522,000

OTHER ASSETS                                       65,000        140,000

                                               $8,861,000     $9,411,000

NOTE:  The balance sheet at December 31, 1995 has been taken from the audited  
       financial statements at that date and condensed.

The accompanying notes are an integral part of these condensed consolidated
financial statements.
                               -3-
<PAGE>
            LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
                UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                     LIABILITIES AND STOCKHOLDERS' EQUITY

                                                 June 30,         December 31,
                                                   1996               1995
                                                ----------        -----------
                                                (Unaudited)      (As Restated)
CURRENT LIABILITIES:

  Line of credit                                $  213,000        $        0
  Accounts payable and accrued expenses          3,513,000         3,872,000
  Deferred franchise fees                          143,000           120,000

    Total current liabilities                    3,869,000         3,992,000

NOTE PAYABLE TO SHAREHOLDER                        651,000           663,000

DEFERRED INCOME TAX LIABILITY                      743,000           743,000

MINORITY INTEREST                                1,078,000         1,214,000

DEFERRED INCOME                                    105,000           117,000

STOCKHOLDERS' EQUITY:

  Convertible, preferred stock,
    Series A, no par value:
    authorized-5,000,000 shares;
    issued and outstanding-512,799
    shares                                           5,000             5,000
  Common stock, no par value:
    authorized-15,000,000 shares,
    issued and outstanding-
    5,319,008 shares                             3,871,000         3,871,000
  Accumulated deficit                           (1,461,000)       (1,194,000)

    Total stockholders' equity                   2,415,000         2,682,000

                                                $8,861,000        $9,411,000

NOTE:  The balance sheet at December 31, 1995 has been taken from the audited
       financial statements at that date and condensed.

The accompanying notes are an integral part of these condensed consolidated
financial statements.
                               -4-
<PAGE>
            LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
                       UNAUDITED CONDENSED CONSOLIDATED

                            STATEMENTS OF INCOME

                                For the Three Months     For the Six Months
                                   Ended June 30,          Ended June 30,
                               ----------------------  ----------------------
                                  1996        1995        1996        1995
                               ----------  ----------  ----------  ----------
REVENUES:

Net merchandise sales          $3,756,000  $3,314,000  $6,411,000  $4,450,000
Franchise fees                     40,000      82,000     120,000     125,000
Royalties                         373,000     375,000     613,000     594,000
Other                              67,000      21,000     133,000      77,000

  Total revenues                4,236,000   3,792,000   7,277,000   5,246,000

EXPENSES:

Cost of sales                   2,959,000   2,649,000   5,051,000   3,506,000
Selling, general and
  administrative                1,270,000     935,000   2,428,000   1,776,000
Golf centers and driving
  range development costs         107,000           0     201,000           0
Unreimbursed lease
  expenditures                          0      37,000           0      37,000
  Total expenses                4,336,000   3,621,000   7,680,000   5,319,000

INCOME (LOSS) BEFORE
  PROVISION FOR INCOME
  TAXES, MINORITY INTEREST
  AND EXTRAORDINARY ITEM         (100,000)    171,000    (403,000)    (73,000)

PROVISION FOR INCOME TAXES              0           0           0           0

INCOME (LOSS) BEFORE
  MINORITY INTEREST AND
  EXTRAORDINARY ITEM             (100,000)    171,000    (403,000)    (73,000)

MINORITY INTEREST                  62,000      (2,000)    136,000      51,000

NET INCOME (LOSS)             $   (38,000) $  169,000  $ (267,000) $  (22,000)

INCOME (LOSS) PER
  COMMON SHARE:               $      (.01) $      .03  $     (.05) $      .00

The accompanying notes are an integral part of these condensed consolidated
financial statements.
                               -5-
<PAGE>
           LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
                      UNAUDITED CONDENSED CONSOLIDATED

                          STATEMENTS OF CASH FLOWS
                                                      For the Six Months 
                                                        Ended June 30,
                                                  --------------------------
                                                      1996          1995
                                                  ------------  ------------
CASH FLOWS FROM OPERATING ACTIVITIES:

  Net loss                                        $  (267,000)  $   (22,000)

  Adjustments to reconcile net income to net
    cash provided by operating activities:
 
      Minority interest                              (136,000)      (51,000)
      Depreciation and amortization                    54,000        29,000

  Changes in assets and liabilities:

    (Increase) decrease in accounts receivable        (83,000)      148,000
    Increase in lease termination receivable                0    (2,983,000)
    Decrease in inventory                            (470,000)     (450,000)
    (Increase) decrease in prepaid expenses
      and other                                       652,000      (217,000)
    Decrease in other assets                           75,000        27,000
    Increase (decrease) in accounts payable            95,000     1,305,000
    Increase in deferred franchise fees                23,000        30,000
    Decrease in deferred income                       (12,000)            -

Net cash used by operating activities                 (69,000)   (2,184,000)

CASH FLOWS FROM INVESTING ACTIVITIES:

  Capital expenditures                               (431,000)     (144,000)
  Refund development costs                             85,000             0

Net cash flows used by investing activities          (346,000)     (144,000)

CASH FLOWS FROM FINANCING ACTIVITIES:

  Net borrowings from line of credit                  213,000             0
  Principal payment on shareholder note payable       (12,000)            0

Net cash provided by financing activities             201,000             0

NET DECREASE IN CASH AND CASH EQUIVALENTS            (214,000)   (2,328,000)

CASH AND CASH EQUIVALENTS - Beginning of period     1,043,000     3,586,000

CASH AND CASH EQUIVALENTS - End of period         $   829,000   $ 1,258,000

The accompanying notes are an integral part of these condensed consolidated
financial statements.
                               -6-
<PAGE>
           LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
        NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1.   CONDENSED FINANCIAL STATEMENTS

The accompanying financial statements have been prepared by the Company without
audit.  In the opinion of management, all adjustments (which include only normal
recurring adjustments) necessary to present fairly the financial position,
results of operations and cash flows at June 30, 1996 and for all periods
presented have been made.

Certain information and footnote disclosures normally included in financial
statements prepared in accordance with generally accepted accounting principles
have been condensed or omitted.  It is suggested that these condensed
consolidated financial statements be read in conjunction with the financial
statements and notes thereto included in the Company's December 31, 1995 audited
financial statements.  The results of operations for the periods ended June 30,
1996 and 1995 are not necessarily indicative of the operating results for the
full year.

Certain 1995 amounts have been reclassified to conform with 1996 classifica-
tions.  Such reclassifications had no effect on reported net income.

NOTE 2.  STATEMENT OF CASH FLOWS

For the purposes of the statements of cash flows, the Company considers all
highly liquid debt investments purchased with a maturity of three months or less
to be cash equivalents.

Supplemental disclosures of cash flow information:

Cash paid during the six months ended on:
                                                     June 30,
                                                 1996        1995     
                                                -------------------
          Interest                              $33,000     $31,000
          Income taxes                          $     0     $     0

NOTE 3.   RELATED PARTY TRANSACTIONS

Las Vegas Retail - related party purchases inventory at cost from the Company. 
Such purchases amounted to $665,000 and $305,000 for the six months ended June
30, 1996 and 1995, respectively.

NOTE 4.  SUBSEQUENT EVENTS

On July 29, 1996, Saint Andrews Golf Corporation ("SAGC") sold 200,000 shares of
its newly designated Series A Convertible Preferred Stock to Three Oceans Inc.
("TOI"), an affiliate of Sanyo North America Corporation, for $2,000,000 in 
cash.  The sale was made pursuant to an Investment Agreement between SAGC and
TOI dated July 29, 1996 (the "Agreement").  The Agreement provides that TOI 
will purchase an additional 200,000 shares of Series A Convertible Preferred 
Stock for an additional $2,000,000 by September 12, 1996, and an additional 
100,000 shares of Series A Convertible Preferred Stock for an additional 
$1,000,000 by October 27, 1996.  SAGC will use the proceeds of these sales 
for the SportPark segment of its business.  Costs of approximately $200,000 
will be associated with the issuance of this 500,000 shares of Series A Con-
vertible Preferred Stock.
                               -7-

<PAGE>
            LAS VEGAS DISCOUNT GOLF & TENNIS, INC. AND SUBSIDIARIES
        NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Each share of the Series A Convertible Preferred Stock issued to TOI is
convertible into one share of SAGC's Common Stock at any time.  The Series A
Convertible Preferred Stock has a liquidation preference of $10 per share and 
the holder is entitled to receive dividends equal to any declared on SAGC's 
Common Stock.  Under certain circumstances, SAGC may redeem the Series A Con-
vertible Preferred Stock at a redemption price of $12.50 per share.  Each 
share of Series A Convertible Preferred Stock is entitled to one vote and 
will vote along with the holders of SAGC's Common Stock.

Pursuant to the term of the Agreement, TOI also received an option to purchase
up to 250,000 shares of SAGC's Common Stock at $5.00 per share at any time until
July 29, 2001.

The Agreement provides for certain demand and piggyback registration rights with
respect to the shares of Common Stock issuable upon the conversion of the Series
A Convertible Preferred Stock and the exercise of the option.

Pursuant to the Agreement, SAGC expanded the number of Directors of SAGC from
four to five, and elected Hideki Yamagata as an additional Director of SAGC.  
Mr. Yamagata is President of Three Oceans Inc.

In connection with the initial closing of the Agreement, SAGC granted TOI 
certain first refusal rights with respect to debt and/or equity financing 
arrangements for SportParks developed by SAGC and any arrangements to obtain 
electrical and electronic equipment for such SportParks.  In addition, SAGC 
granted TOI and its designees certain signage rights at SAGC's first two 
SportParks.
                               -8-
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

SEASONALITY

Las Vegas Discount Golf & Tennis, Inc.'s (the "Company") business is seasonal. 
The Company typically experiences sales peaks in the Spring and pre-Christmas
seasons.  Accordingly, the results of interim periods may not be indicative of
results for the full year.

RESULTS OF OPERATIONS

SIX MONTHS ENDED JUNE 30, 1996, COMPARED TO SIX MONTHS ENDED JUNE 30, 1995

During the six months ended June 30, 1996, the Company had a net loss of 
$275,000 as compared to a net loss of $22,000 for the same period in 1995.  
Total revenues for the first six months of 1996 increased by approximately 
$1,513,000 (26%) as compared to the same period in 1995.  The increase in 
revenues was primarily attributable to a $1,455,000 increase in merchandise 
sales coupled with a $58,000 net increase in all other revenue categories.  
Merchandise sales increased due to the two new stores opened after the first 
quarter of 1995.  Since franchise fees are recognized when the applicable 
franchise stores open, the decrease in franchise fees reflects a decrease in 
the number of stores opened in the six months ended June 30, 1996 as compared
to the six months ended June 30, 1995.

Royalties increased $19,000 (3%) in 1996 from 1995 due to an increased level of
sales by the franchisees.

Cost of Sales as percentage of merchandise sales decreased from 81% in 1995 to
79% in 1996 as a result of a shift in product mix to items with higher average
profit margins.   

Selling, general and administrative expenses increased by $816,000 (45%) in 1996
as compared to 1995, primarily attributable to the expenses of operating the two
new company-owned stores in Encino and Westwood, California and development
expenses associated with the All-American SportPark.

In May of 1994 Saint Andrews Golf Corporation ("SAGC") entered into a Ground
Lease (the "Lease") for approximately 33 acres of land on Las Vegas Boulevard
which it intended to use for the development of a golf/sports park.  The lease
contained provisions which allowed the lessor to terminate the lease within the
first 6 years of the 15 year lease term in the event that the lessor entered 
into a sale of the property.

In June 1995 the lessor notified the Company that it had entered into a sale
agreement for the parcel and that it was exercising its right of termination. 
Pursuant to cancellation provisions contained within the Lease the Company was
entitled to reimbursement of unamortized construction costs which it incurred,
based upon criterion contained within the lease, up to an aggregate amount of
$3.5 million.

Upon notification of the Lease termination the Company ceased construction
activities and submitted substantiation for construction costs totaling
approximately $3.9 million.  Utilizing applicable formulas derived from the 
Lease the Company believes that, based on the maximum expenditures available 
for reimbursement of $3.5 million, $3,279,465 in costs are reimbursable by the
purchaser.  The purchaser has reviewed such support and has indicated that it
believes that only a portion of the construction costs submitted are reim-
bursable within the context of the Lease agreement.
                               -9-
<PAGE>
No settlement was reached regarding the disputed amount and on February 27, 1996
the Company filed a complaint with the District Court, Clark County, Nevada,
against the purchaser of the parcel seeking an unspecified amount of compen-
satory damages, punitive damages, attorney fees and costs.

Management believes, and legal counsel concurs, that a recovery of $3,000,000 is
probable with regards to this litigation and that the amount will be collected
in 1996.  The Company has, accordingly, recorded the lease termination re-
ceivable as a current asset in the accompanying balance sheet as of June 30,
1996.

THREE MONTHS ENDED JUNE 30, 1996, COMPARED TO THREE MONTHS ENDED JUNE 30, 1995

During the three months ended June 30, 1996, the Company had a net loss of
$42,000 as compared to a net profit of $169,000 for the same period in 1995. 
Total revenues for the second quarter of 1996 increased by approximately 
$256,000 (6%) as compared to the same period in 1995.  The increase in 
revenues was primarily attributable to a $260,000 increase in merchandise 
sales coupled with a $4,000 net decrease in all other revenue categories.  
Merchandise sales increased due to the two new stores opened after the first 
quarter of 1995.  Since franchise fees are recognized when the applicable 
franchise stores open, the decrease in franchise fees reflects a decrease in 
the number of stores opened in the three months ended June 30, 1996 as com-
pared to the three months ended June 30, 1995.

Royalties decreased $2,000 (1%) in 1996 compared to 1995 due to slightly lower
sales by the franchisees.

Cost of Sales as percentage of merchandise sales decreased from 81% in 1995 to
79% in 1996 as a result of a shift in product mix to items with higher average
profit margins.

Selling, general and administrative expenses increased by $405,000 (42%) in 1996
as compared to 1995, primarily attributable to the expenses of operating the two
new company-owned stores in Encino and Westwood, California and the development
expenses associated with the All-American SportPark.

LIQUIDITY AND CAPITAL RESOURCES

At June 30, 1996, the Company had working capital of approximately $3,567,000
compared to $3,757,000 at December 31, 1995.  The decline in working capital was
primarily due to the net loss for the six month period.

Cash decreased from $1,043,000 at December 31, 1995, to $829,000 at June 30,
1996, primarily due to the net loss of $275,000, an $83,000 increase in accounts
receivable, a $470,000 increase in inventory and $431,000 of capital expen-
ditures which were related to the All-American SportPark.  These amounts were
offset by a $95,000 increase in accounts payable, a $652,000 decrease in 
prepaid expenses, an $85,000 refund of development costs, $54,000 in 
depreciation and amortization, a $23,000 increase in deferred franchise fees,
a $75,000 decrease in other assets, and $213,000 in borrowing from a line of 
credit.

The Company incurred $431,000 of capital expenditures during the six months 
which were related to the All-American SportPark.

The Company's sources of working capital include its current cash balance, cash
flows from operating activities, a $400,000 bank line of credit and the issuance
of 500,000 shares of Series A Convertible Preferred Stock for Saint Andrews Golf
Corporation.
                               -10-
<PAGE>
On July 29, 1996, Saint Andrews Golf Corporation ("SAGC") sold 200,000 shares of
its newly designated Series A Convertible Preferred Stock to Three Oceans Inc.
("TOI"), an affiliate of Sanyo North America Corporation, for $2,000,000 in 
cash.  The sale was made pursuant to an Investment Agreement between SAGC and
TOI dated July 29, 1996 (the "Agreement").  The Agreement provides that TOI 
will purchase an additional 200,000 shares of Series A Convertible Preferred 
Stock for an additional $2,000,000 by September 12, 1996, and an additional 
100,000 shares of Series A Convertible Preferred Stock for an additional 
$1,000,000 by October 27, 1996.  SAGC will use the proceeds of these sales 
for the SportPark segment of its business.  (See Part II, Item 5 below.)

Management believes that these sources of cash will be adequate to fund
operations throughout the balance of 1996.

Working capital requirements are the greatest in the first and fourth quarters
as the Company increase inventories to meet demands for the Spring and pre-
Christmas seasons.  Since certain Company Brands inventory items have a longer
ordering cycle and will require the Company to stock increasing levels of such
items as the demand of franchisees increases, the Company believes it will need
greater working capital to finance inventory requirements.

The Company expects to have significant capital expenditures when construction
of the first SportPark is commenced.

                          PART II - OTHER INFORMATION

Item 1.  LEGAL PROCEEDINGS

See "Results of Operations" above for a discussion of the lawsuit filed on
February 27, 1996.

Item 2.  CHANGES IN SECURITIES
         None.

Item 3.  DEFAULTS UPON SENIOR SECURITIES
         None.
 
Item 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
         None.

Item 5.  OTHER INFORMATION

         (a)  SALE OF SERIES A CONVERTIBLE PREFERRED STOCK

On July 29, 1996, Saint Andrews Golf Corporation ("SAGC") sold 200,000 shares of
its newly designated Series A Convertible Preferred Stock to Three Oceans Inc.
("TOI"), an affiliate of Sanyo North America Corporation, for $2,000,000 in 
cash.  The sale was made pursuant to an Investment Agreement between SAGC and
TOI dated July 29, 1996 (the "Agreement").  The Agreement provides that TOI 
will purchase an additional 200,000 shares of Series A Convertible Preferred 
Stock for an additional $2,000,000 by September 12, 1996, and an additional 
100,000 shares of Series A Convertible Preferred Stock for an additional 
$1,000,000 by October 27, 1996.  SAGC will use the proceeds of these sales 
for the SportPark segment of its business.  Costs of approximately $200,000 
will be associated with the issuance of this 500,000 shares of Series A Con-
vertible Preferred Stock. 
                               -11-
<PAGE>
Each share of the Series A Convertible Preferred Stock issued to TOI is
convertible into one share of SAGC's Common Stock at any time.  The Series A
Convertible Preferred Stock has a liquidation preference of $10 per share and
the holder is entitled to receive dividends equal to any declared on SAGC's 
Common Stock.  Under certain circumstances, SAGC may redeem the Series A Con-
vertible Preferred Stock at a redemption price of $12.50 per share.  Each 
share of Series A Convertible Preferred Stock is entitled to one vote and 
will vote along with the holders of SAGC's Common Stock.

Pursuant to the term of the Agreement, TOI also received an option to purchase
up to 250,000 shares of SAGC's Common Stock at $5.00 per share at any time until
July 29, 2001.

The Agreement provides for certain demand and piggyback registration rights with
respect to the shares of Common Stock issuable upon the conversion of the Series
A Convertible Preferred Stock and the exercise of the option.

Pursuant to the Agreement, SAGC expanded the number of Directors from four to
five, and elected Hideki Yamagata as an additional Director of SAGC.  Mr.
Yamagata is President of Three Oceans Inc.

In connection with the initial closing of the Agreement, SAGC granted TOI 
certain first refusal rights with respect to debt and/or equity financing 
arrangements for SportParks developed by SAGC and any arrangements to obtain 
electrical and electronic equipment for such SportParks.  In addition, SAGC 
granted TOI and its designees certain signage rights at SAGC's first two 
SportParks.

         (b)  LEASE FOR LAS VEGAS SPORTPARK SITE.

On July 12, 1996, SAGC entered into a lease covering approximately 65 acres of
land in Las Vegas, Nevada, on which SAGC intends to develop its first All-
American SportPark.  The project is expected to include a golf driving range; a
pro shop/clubhouse; a par 3 golf course; a 27-hole putting course; a Major 
League Baseball Slugger Stadium; a NASCAR Speed Park; an off-ice hockey 
complex; and other facilities.  The land is adjacent to McCarron Inter-
national Airport and in the vicinity of the new Circus Circus multi-billion 
dollar hotel resort development referred to as "The Millennium Project".  The
lease will be for an initial term of 15 years, and SAGC will have two options
to extend for five years each.  The landlord may cancel the lease if the 
SportPark is not completed by July 12, 1998.

The lease provides for a minimum rental during the first five years of $625,000
per year.  The minimum rental will begin to accrue when the SportPark opens or
12 months after the lease period commences, whichever occurs first.  The minimum
rental will be increased 10% at the end of each five years during the term of 
the lease.  SAGC will be required to pay additional rent to the extent that
percentages ranging from 3% to 10% of gross receipts, depending on the type of
revenue, exceeds the minimum rental.  In connection with the signing of the
lease, SAGC paid a deposit of $500,000 which will be applied to minimum rental
payments, and to a security deposit of approximately $104,000 which will be
applied to minimum rental payments at the end of the fourth year of the lease.

Item 6.  EXHIBITS AND REPORTS ON FORM 8-K
         None.
                               -12-
<PAGE>
                                  SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

                                    LAS VEGAS DISCOUNT GOLF & TENNIS, INC.     
                           
                                    By/s/ Voss Boreta
                                       Voss Boreta, President
                                       and Chief Financial Officer
Date: March 26, 1997
                               -13-
<PAGE>
                         EXHIBIT INDEX
EXHIBIT                                              METHOD OF FILING
-------                                        -----------------------------
  27.    FINANCIAL DATA SCHEDULE               Filed herewith electronically