UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-QSB



                   [X] QUARTERLY REPORT PURSUANT TO SECTION 13
               OR 15(d) OF THE SECURITIES AND EXCHANGE COMMISSION

                For the quarterly period ended March 31, 2001

                                       OR

               [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934.

          For transition period from _______________ to _______________


                         Commission file number 0-22310

                             LASV ENTERPRISES, INC.
                             ----------------------
              (Exact name of small business issuer in its charter)

               DELAWARE                                 33-0564327
    (State or other jurisdiction of                 (I.R.S. Employer
     incorporation or organization)               Identification No.)


         201 1736 152nd Street, Surrey, British Columbia Canada V4A 4N4
         --------------------------------------------------------------
                 (Address of principal executive offices)  (Zip Code)

Issuer's telephone number, including area code:    (604) 541-6253
                                                   --------------


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 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 [ ]

         Indicate  the  number of  shares  outstanding  of each of the  issuer's
classes of Common Stock, as of the latest practicable date.

Common Stock, $.001 par value                               11,492,978
----------------------------------                        ------------------
Title of Class                                      Number of Shares outstanding
                                                    at May 11 , 2001

Transitional Small Business Disclosure Format (check one):
                          YES   [   ]     NO   [X]

<PAGE>



                             LASV ENTERPRISES, INC.

                                      INDEX

Part I.  Financial Information

Item 1:  Financial Statements (Unaudited)

          Balance Sheet as of March 31, 2001                             2

          Statement of Operations for the three months
           ended March 31, 2001 and 2000                                 3

          Statement of Operations for the six months
           ended March 31, 2001 and 2000                                 4

          Statement of Cash Flows for the six months ended
          March 31, 2001 and 2000                                        5

          Note to Financial Statements                                  6-9

Item 2.  Management's Discussion and Analysis of Financial
           Condition and Results of Operations                         10-13

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings                                              13

Item 2.  Change in Securities and Use of Proceeds                       14

Item 3.  Defaults Upon Senior Securities                                14

Item 4.  Submission of Matters to a Vote of Security Holders            14

Item 5.  Other Information                                              15

Item 6.  Exhibits and Reports on Form 8-K                               15

SIGNATURES                                                              16


                                       1


<PAGE>


Part I.  Financial Information

Item 1:  Financial Statements

                              LASV ENTERPRISES INC.
                                  BALANCE SHEET
                                   U.S. Funds

                                     ASSETS

                                                                     Year
                                                                     Ended
                                                 March 31        September 30,
                                                   2001              2000
                                                -----------      -----------
                                                (Unaudited)
CURRENT
    Cash                                      $         148    $       -
                                                -----------      ------------
                                                        148            -
                                                -----------      ------------
CAPITAL ASSETS (Note 4)                           2,825,000         2,825,000
                                                -----------      ------------
                                              $   2,825,148    $    2,825,000
                                                ===========      ============


                                   LIABILITIES

CURRENT
    Accounts payable                          $      91,000    $      73,000

DUE TO SHAREHOLDERS (Note 5)                      1,655,853        1,481,108

NOTE PAYABLE (Note 6)                             1,950,000        1,950,000
                                                -----------      -----------
                                                  3,678,853        3,504,108
                                                -----------      -----------


                         SHAREHOLDER EQUITY (DEFICIENCY)

SHARE CAPITAL (Note 7)                              128,345          238,925

DEFICIT                                            (982,050)        (918,033)
                                                -----------      -----------
                                                   (853,705)        (679,108)
                                                -----------      -----------
                                              $   2,825,148    $    2,825,000
                                                ===========      ============

                             See Accompanying Notes

                                       2

<PAGE>




                              LASV ENTERPRISES INC.
                             STATEMENT OF OPERATIONS
                FOR THE THREE MONTHS ENDED MARCH 31, 2000 & 2001
                                   (Unaudited)
                                   U.S. Funds



                                                 Three months     Three months
                                                     Ended           Ended
                                                  March 31,          March 31,
                                                     2001            2000
                                                  -----------     -----------


REVENUE                                         $       -       $     -
                                                  -----------     -----------


GENERAL AND ADMINISTRATIVE EXPENSES                    60,847         -
                                                  -----------     -----------


NET LOSS FROM CONTINUING OPERATIONS             $      60,847   $     -
                                                  ===========     ===========





                             See Accompanying Notes





                                       3






<PAGE>





                              LASV ENTERPRISES INC.
                             STATEMENT OF OPERATIONS
                 FOR THE SIX MONTHS ENDED MARCH 31, 2000 & 2001
                                   (Unaudited)
                                   U.S. Funds



                                                  Six months      Six months
                                                     Ended           Ended
                                                   March 31,       March 31,
                                                     2001            2000
                                                  -----------     -----------


REVENUE                                         $       -       $     -
                                                  -----------     -----------


GENERAL AND ADMINISTRATIVE EXPENSES                   117,796         -
                                                  -----------     -----------


NET LOSS FROM CONTINUING OPERATIONS             $     117,786   $     -
                                                  ===========     ===========




                             See Accompanying Notes






                                       4




<PAGE>



                              LASV ENTERPRISES INC.
                             STATEMENT OF CASH FLOWS
                  FOR THE QUARTERS ENDED MARCH 31, 2001 & 2000
                                   (Unaudited)
                                   U.S. Funds



                                                     Six months     Six months
                                                       Ended          Ended
                                                      March 31,     March 31,
                                                       2001            2000
                                                    -----------     -----------
CASH RESOURCES PROVIDED BY (USED IN)
    OPERATIONS

Cash Flow provided by operations before
   the undernoted                                 $     117,648   $     -
Non-cash working capital                                 -              -
                                                    -----------     -----------
                                                        117,648         -
                                                    -----------     -----------

INVESTING
  Purchase of capital asset                           -                 -
                                                    -----------     -----------

FINANCING
  Sale of shares                                         -              -
  Advances from shareholders                            117,796         -
  Note payable                                           -              -
                                                    -----------   -------------

                                                        117,796         -
                                                    -----------     -----------

NET INCREASE (DECREASE) IN CASH                                         -

CASH POSITION AT BEGINNING OF PERIOD                        148         -
                                                    -----------     -----------

CASH POSITION AT END OF PERIOD                    $         148   $     -
                                                    ===========     ===========


                             See Accompanying Notes

                                       5

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001
                                   (Unaudited)
                                   U.S. Funds


1.      CONTINUED OPERATIONS

        These consolidated  financial statements have been prepared on the basis
        of accounting principles  applicable to a "going concern",  which assume
        that the company will continue in operation for the  foreseeable  future
        and will be able to realize its assets and discharge its  liabilities in
        the normal course of operations.

        The continuation of the company as a going concern is dependent upon its
        ability  to obtain  additional  financing  to meet its  obligations  for
        future  development  and the  attainment of successful  operations.  The
        company is currently  seeking new investors to raise the needed  working
        capital.

        These  financial  statements  do not reflect  adjustments  that would be
        necessary if the "going concern" assumption were not appropriate because
        management  believes  that the  actions  already  taken or  planned,  as
        described above,  will mitigate the adverse  conditions and events which
        raise doubts about the validity of the "going  concern"  assumption used
        in preparing these financial statements.

        If the  "going  concern"  assumption  were  not  appropriate  for  these
        financial  statements,  then  adjustments  would  be  necessary  in  the
        carrying  values of assets and  liabilities,  the reported  revenues and
        expenses, and the balance sheet classifications used.


2.      SIGNIFICANT ACCOUNTING POLICIES

        These financial  statements are prepared on the historical cost basis in
        accordance with generally accepted accounting principles.

        a)  Use of Estimates

        The  preparation  of financial  statements in conformity  with generally
        accepted accounting principles requires management to make estimates and
        assumptions that affect the amounts reported in the financial statements
        and accompanying  notes.  These estimates are based on management's best
        knowledge of current  events and actions that the company may  undertake
        in the future.

                                       6


<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001
                                   (Unaudited)
                                   U.S. Funds


2.      SIGNIFICANT ACCOUNTING POLICIES, continued

        b)  Foreign currency transactions

        The financial  statements of the company are reflected in U.S.  dollars.
        The company uses the temporal method of accounting for foreign  currency
        translations,  whereby  monetary  items  are  translated  at the rate of
        exchange in effect at the balance  sheet  date,  non-monetary  items are
        translated  at  historical  rates  and  revenue  and  expense  items are
        translated at the rate of exchange on the dates they occur.

        c)  Capital Assets

        Capital  Assets are recorded at cost.  Amortization  of  buildings  will
        begin once construction is complete.  Amortization is provided using the
        declining balance method at the following rates:


                             Buildings                                 5%
                             Equipment                                20%
                             Furniture & fixtures                     20%

        d)  Loss per Share

        Basic  loss per  share  computations  is based on the  weighted  average
        number of shares outstanding during the year. Fully diluted earnings per
        shares have not been disclosed, as it is anti-dilutive.


3.      FAIR VALUE OF FINANCIAL INSTRUMENTS

        The  company's  financial  instruments  consist of accounts  receivable,
        cheques  issued in excess of deposits,  accounts  payable and  long-term
        debt.  Unless  otherwise  noted,  it is  management's  opinion  that the
        company is not exposed to significant interest, currency or credit risks
        arising  from  the  financial  instruments.  The  fair  value  of  these
        financial  instruments  approximates  their  carrying value due to their
        short-term maturity or capacity of prompt liquidation.


                                       7

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001
                                   (Unaudited)
                                   U.S. Funds

4.      CAPITAL ASSETS

                                                                2000
                                               Accumulated    Net Book
                                  Cost        Amortization     Value
                             -------------     -----------   -----------
            Buildings        $   1,440,750     $         -   $ 1,440,750
            Equipment              217,515         217,515             -
            Land                 1,384,250               -             -
                             -------------     -----------   -----------
                             $   3,042,515     $   217,515   $ 1,440,750
                             =============     ===========   ===========


5.      DUE TO SHAREHOLDERS

        Amounts  due to  shareholders  are  non-interest  bearing  and  have  no
        specific terms of repayment.  The shareholders have indicated that these
        amounts  need  not  be  repaid   within  the  next  fiscal   period  and
        consequently these have been classified as long term.


6.      NOTE PAYABLE

        The loan payable is  non-interest  bearing and has no specific  terms of
        repayment.  The note holder has indicated that these amounts need not be
        repaid  within the next fiscal period and  consequently  these have been
        classified as long term.



                                       8

<PAGE>

                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                 March 31, 2001
                                   (Unaudited)
                                   U.S. Funds

7.      SHARE CAPITAL

        Authorized
        ----------

        The authorized  capital of the company  consists of  100,000,000  Common
        Shares with a par value of $.001 and 1,000,000  Preferred  shares with a
        par value of $.001.

        Issued and Outstanding
                                               Number               Amount
                                            -----------          ------------
        Balance, September 30, 1998           3,937,000          $    170,487
               Issued for cash                   20,400                51,000
                                            -----------            ----------
        Balance, September 30, 1999           3,957,400               221,487
               Issued for cash               17,437,640                17,438
                                            -----------            ----------
        Balance, September 30, 2000          21,395,040          $    238,925

           Balance March 31, 2001            11,492,978          $    128,345
           Preconsolidated shares
                                            ===========            ==========
                                             11,492,978          $    128,345

        On January 24, 2001, the Company  announced the share  consolidation  of
        one new share for each five  pre-consolidated  shares.  These  financial
        statements give effect to this change.


8.      NAME CHANGE

        During  the year  2000 the  company  changed  its  name  from Las  Vegas
        Airlines Inc. to LASV Enterprises Inc.



                                       9



<PAGE>


Item 2.     MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND
            FINANCIAL CONDITION

     On January 4, 2001, the Company  announced that the 10KSB was completed and
scheduled for filing.  The Company  remains in compliance and current with their
filings.  The Company also announced that the financial  negotiations  and terms
related to the $1,950,000 and the $3,500,000 additional financing for completion
of the building is to be disclosed.  An increase in volume of shares traded from
1,380,183 in November to 4,347,080 in December.

     On January 8, 2001 the Company  received legal documents from a disgruntled
shareholder  which  dates  back to the  previous  owners and  management  of the
previous entity,  Las Vegas Airlines,  Inc., over a stock issuance  discrepancy.
The basis of the lawsuit was actions and inactions of the pre-purchased  company
and has no reflection upon the current ownership and management.  The company is
addresssing   the  issues  raised  in  the  suit.  The  Company  and  its  Legal
Representatives feel this does not reflect on current management and operations.

     The  Company  has  reached an  agreement  in theory  and formal  assignment
documents are being prepared. The Company will receive an undisclosed percentage
of any settlement.  In return, all existing and proposed  litigation in relation
to these issues will be dismissed with prejudice.

     On January 10, 2001, the Company  announced that P.P.C.,  public  relations
for the Company and the Agent  representing the sale of the Hilton Hotel project
concluded  their  meeting  in Texas,  U.S.  Upon  receipt  of the final  audited
financial  statements and casino / gaming license,  the due diligence  personnel
shall  travel to  Colombia to  evaluate,  analyze,  finalize  and  conclude  the
acquisition. The completion of the acquisition will allow the Company to acquire
100% ownership of the hotel and licenses issued for the hotel.  Additionally the
Company is in the process of completing  the final closing  documents  regarding
the Lottery in the Russian  Federation.  This  operation  shall be linked to the
resort in the Dominican Republic.

     On January  12,  2001,  the Company  announced  the 10KSB had been filed on
EDGAR for the fiscal year ending September 30, 2000. As of January 5, 20001, the
date of the filing,  there were no legal  proceedings  in progress or pending at
this time after due diligence by the Company.

     On January 17, 2001, the Company  announced the  appointment of Tim Metz as
President,  Albert  Landwehr as Secretary  and Robert  Abbott as  Director.  The
Attorneys for the Company are reviewing  the final closing  documents  regarding
the Lottery in the Russian  Federation.  Signing of the Agreement and completion
of obligations is expected later this week.


                                       10

<PAGE>


     On January 24, 2001, the Company  announced the share  consolidation of one
new share for each five  pre-consolidated  share is in effect.  The post reverse
total will be  5,921,842,  the new CUSIP is 518136 20 5, the new symbol is LASV.
The  Company  also  stated  it  will  be  refiling  an  amended  10K  due to the
typographical  error found in its last filing  correcting  the total  issued and
outstanding shares from 22,633,311 to 29,609,211.

     On January 24, 2001,  the Company  also  announced in a second news release
that the  acquisition  for 100% of Rugby National  Corp, the Operators,  and the
Union of Journalists,  jointly known as Press - Lotto in the Russian Federation,
currently  holding the sole online  computer  Lottery License had been concluded
and  executed.  The division of revenues are as follows:  Rugby  National  Corp.
(LASV  Enterprises,  Inc.) 17.5%,  Union of Journalists  17.5%, Prize Allocation
50%,  Expense  Allocation  15%.  With  the  conclusion  of this  Agreement,  the
commencement  in  installation of real computer on line lottery with a real time
paramutual (prize structure) is scheduled  forthwith.  Press - Lotto has already
procured  select  locations  for the first  phase of 500 on line  installations.
Based on the current projections it is estimated 1st year gross revenues of $150
million.  Second year gross  revenues are projected at $350 million.  Fifth year
gross  revenues are projected at $3 billion to $4 billion,  conservatively.  The
Russian  Federation  consists of 22 major market areas.  Expansion over the five
year term will encompass 45,000 terminals  throughout these 22 regions servicing
an  increasing  population  of  approximately  200 million.  The Company is also
entering into further discussions with industry leaders of lottery equipment and
services to assist in operations.

     On January 29, 2001, the Company announced it is moving rapidly to commence
start up of the  national  lottery in the Russian  Federation.  This  project is
ready to be started first in Moscow,  and to be enlarged in the territory of the
Russian Federation in the future. The Union of Journalists and the assistance of
its' 60,000 members,  along with Rugby National Corp.  provides the project with
the License, the communications and organizational  skills to carry this lottery
to  fruition.  The  recommendations  of the  Board  was to  commence  operations
immediately with a view to expand to a full National  operating Lottery in 3 - 5
years.

     On January 29, 2001,  the Company also  announced in the same news release,
the  appointment  of Mr. W. Brent  Pennington  to the Board of  Directors of the
Company.  Shortly thereafter communication was received by Mr. Pennigton stating
he did not wish to participate in the Company's ventures.

     On January 29, 2001,  the Company also  announced  the  appointment  of Mr.
Harvey Weinstein to the Board of Directors of the Company. Founder of US Imaging
Inc., a retail sales and service  company  specializing in X-ray equipment which
developed  into a world wide  manufacturer  of Digital  Imaging  Equipment  with
offices in New York,  China,  The Russian  Federation  and South  America.  Once
established  in his office in the Russian  Federation,  Mr.  Weinstein  formed a
partnership  with Moscow Trans. To establish the outdoor  advertising on trolley
and buses of which was later sold.  After  working on the Lottery  License for 7
years, the Lottery License was received with the Union of Journalists for Russia
and the formation of Press - Loto was commenced.

                                       11


<PAGE>


On February 13, 2001, the Board of Directors held its special meeting to confirm
the  issuance  of  Restricted  144 Stock  for debt  conversion  for  outstanding
financing and loan agreements  duly noted in the audited  September 30, 2000 and
unaudited financials of December 31, 2000. The shares shall be calculated at 71%
of the closing price on February 13, 2001 of $0.96875,  the determined par value
$0.75.

On February 20, 2001, the Company  announced that it had acquired 100% of D.C.T.
Corporation,  a  high  technology  company  that  had  developed,  patented  and
demonstrated wireless data transmission.

On  February  18,  2001,  the Board of  Directors  held its  special  meeting to
authorize and duly adopt by consent action by the holders of in excess of eighty
three percent (83%), in written format and filed,  of the Company's  outstanding
stock  entitled to vote thereon,  in accordance  with Section 228 of the General
Corporation  Law of the State of Delaware,  the merger  transaction  between the
Company and D.C.T. Corporation, Ltd.

On February,  18, 2001,  the Board of Directors upon further motion and seconded
that Timothy Metz,  President is empowered,  authorized  and directed to execute
any and all documents to accomplish the merger  transaction  between the Company
and  D.C.T.  Corporation,  Ltd.  as he in  his  discretion  deems  to be in  the
interests of the Corporation.

On March 14, 2001, the Company and D.C.T.  Corporation,  Ltd. jointly  announced
that LASV  Enterprises,  Inc.  (LASV) and D.C.T.  Corporation,  Ltd.  (DCT) have
mutually  agreed to terminate  the Plan and Agreement of Merger  (Merger)  dated
February 19, 2001, which was previously  announced and filed with Securities and
Exchange  Commission in Form 8-K on February 22, 2001. This mutual  agreement to
terminate  the Merger is a result of LASV's  desire to focus on the expansion of
its plan for the lottery,  resorts and airline business,  while the shareholders
of DCT want to focus  exclusively on the  development and  commercialization  of
their wireless technology and search engine software.


DISCUSSION OF SUBSEQUENT EVENTS FOR THE PERIOD OF April 1, 2001 to May 11,
2001

On May 2, 2001, the Company  announced the commencement of negotiations with one
of the largest lottery  operators in the world to assist LASV in the initial set
up and  overall  operations  of the  lucrative  National  Lottery in the Russian
Federation.  Press-Loto, a Russian company jointly owned by Rugby National Corp.
(100%  owned by LASV  Enterprises,  Inc.)  and the  Union of  Journalists,  each
holding  50% of the  Press-Loto  organization,  hold the sole  National  Lottery
License.

                                       12

<PAGE>


     On May 8, 2001, the Company  received the resignation from Mr. Timothy Metz
resigning as President, Director and an Officer of the Company.

     On May 11, 2001 the Board of Directors for LASV Enterprises,  Inc. consists
of:

         Albert Landwehr            Secretary & Director
         Robert Abbott              Director
         Harvey Weinstein           Director



                           PART II. OTHER INFORMATION

Item 1.     LEGAL PROCEEDINGS

Marvin Winograde v. LASV Enterprises, Inc.
NAPA County Superior Court (California)
Case No. 26 12125
-------------------------------------------

     On January 8, 2001 the Company  received legal documents from a disgruntled
shareholder  which  dates  back to the  previous  owners and  management  of the
previous entity,  Las Vegas Airlines,  Inc., over a stock issuance  discrepancy.
The basis of the lawsuit was actions and inactions of the pre-purchased  company
and has no reflection upon the current ownership and management.  The company is
addresssing   the  issues  raised  in  the  suit.  The  Company  and  its  Legal
Representatives  feel this does not reflect on current management and operations
and are actively pursuing discussions to achieve a mutual agreement.


Patrick Strasburger and Allan Davis v. LASV Enterprises, Inc.
Harris County District Court (Texas)
Case No. 200106926
-------------------------------------------

     On March 7, 2001,  the Company  received legal  documents from  disgruntled
Directors  who had  resigned  from their five year  positions.  The basis of the
lawsuit was actions and  inactions of  performance  and related  issues to their
five year  positions.  The company is addresssing the issues raised in the suit.
The Company and its  LegalRepresentatives  feel this does not reflect on current
management  and operations  and are actively  pursuing  discussions to achieve a
mutual agreement.


                                       13

<PAGE>


Item 2. CHANGES IN  SECURITIES  - and Use of Proceeds

On October 27, 2001, the Company advised the relevant Attorneys,  Transfer Agent
and parties  involved that in accordance  with the Agreements  which the Company
entered into with SilverHawk Development Corporation, the issuance of Restricted
144 Stock for a preconsolidated  2,500,000 shares for the SilverHawk Development
Corporation,  with  the  requested  name  issuance  of  Von G.  Batesole  was to
immediately  have a STOP and CANCEL order attached to it for return to Treasury.
Mr.  Batesole was  requested  to return the shares;  to date the Company has not
received them.

Due to the fact that the transaction  and acquisition of SilverHawk  Development
Corporation was never satisfactorily completed, the issuance of this certificate
is thereby not permitted  with SEC Rules and  Regulations  and must therefore be
cancelled with immediate effect.

As of May 11, 2001 the certificate issued to SilverHawk Development  Corporation
and Mr.  Von G.  Batesole  is  outstanding  and is  therefore  reflected  in the
Corporation's total issued and outstanding as of this date.


Item 3.     DEFAULTS UPON SENIOR SECURITIES - None


Item 4.     SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

On February  13, 2001 the Board of Directors  held its special  meeting of which
the purpose of the meeting was to confirm the issuance of 144  restricted  stock
for consideration in outstanding financing and loan agreements.

On  February  18,  2001,  the Board of  Directors  held its  special  meeting to
authorize and duly adopt by consent action by the holders of in excess of eighty
three percent (83%), in written format and filed,  of the Company's  outstanding
stock  entitled to vote thereon,  in accordance  with Section 228 of the General
Corporation  Law of the State of Delaware,  the merger  transaction  between the
Company and D.C.T. Corporation, Ltd.

On February 22, 2001, the Board of Directors  held its special  meeting of which
the purpose of the meeting was to confirm the Agreement  between Rugby  National
Corp. and LASV Enterprises, Inc, which states that the share consideration to be
issued in accordance with the Share Transfer  Agreement is that number of shares
equal to 20 percent of LASV  Enterprises,  Inc. issued and outstanding  stock on
January 1, 2001. It was upon duly motion made and seconded,  that it be voted to
confer the power and authority  upon Timothy Metz,  President and Robert Abbott,
Director,  to have issued to Rugby National Corp. shares of restricted 144 stock
in LASV in consideration of the acquisition of Rugby National Corp. noted as the
Share  Transfer  Agreement and as dated for  reference  January 1, 2001 (Release
No.3) and executed January 23, 2001.

                                       14

<PAGE>


Item 5. OTHER INFORMATION

On March 13, 2001, the Board of Directors held a special  meeting to confirm the
termination   of  the  Merger   Transaction   between  the  Company  and  D.C.T.
Corporation,  Ltd. This mutual  agreement to terminate the Merger is a result of
LASV's desire to focus on the expansion of its plan for the lottery, resorts and
airline business, while the shareholders of DCT want to focus exclusively on the
development and commercialization of their wireless technology and search engine
software.

As of May 11,  2001,  there  were  approximately  293  stockholders  of  record.
Subsequent  to  January  1, 200,  the volume of shares  traded  fluctuated  from
4,169,960 in January to 2,236,361 in February and 1,648,899 in March.


Item 6.     EXHIBITS AND REPORTS ON FORM 8-K

         (a) Reports on Form 8-K

         On January 24, 2001,  Registrant  filed a current report on Form 8-K to
report the  Registrant's  common  stock,  par value  $.001,  was  reverse  split
1-for-five, effective January 24, 2001.

      On February 20,  2001,  Registrant  filed a current  report on Form 8-K to
announce a Plan and  Agreement  of Merger  with  D.C.T.  Corporation,  a Bahamas
corporation.

         On March 13,  2001,  the Board of Directors  held a special  meeting to
confirm the termination of the Merger Transaction between the Company and D.C.T.
Corporation,  Ltd. This mutual  agreement to terminate the Merger is a result of
LASV's desire to focus on the expansion of its plan for the lottery, resorts and
airline business, while the shareholders of DCT want to focus exclusively on the
development and commercialization of their wireless technology and search engine
software.

         (b) Exhibits

         None

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<PAGE>




                                   SIGNATURES


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant has duly caused this report,  as amended,  to be signed on its behalf
by the undersigned thereunto duly authorized.


                                          LASV Enterprises, INC.



Date:     May 24, 2001                     By: /s/ Robert Abbott
                                            ----------------------
                                            Robert Abbott
                                            President, Director (and duly
                                            authorized officer)





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