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 June 30, 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) 618-0991
                                                   --------------


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                               12,097,410
----------------------------------                        ------------------
Title of Class                                      Number of Shares outstanding
                                                    at September 20, 2001

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




<PAGE>


                             LASV ENTERPRISES, INC.
                          (A Development Stage Company)

                                      INDEX

Part I.  Financial Information

Item 1:  Financial Statements

          Balance Sheet as of June 30, 2001                             2

          Statement of Operations and Retained Deficit for the
          three months ended June 30, 2001 and 2000                     3

          Statement of Operations and Retained Deficit for the
          nine months ended June 30, 2001 and 2000                      4

          Note to Financial Statements                                  5-9

Item 2.  Management's Discussion and Analysis of Financial Condition
         and Results of Operations                                      10-11

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings                                              12

Item 2.  Change in Securities and Use of Proceeds                       12

Item 3.  Defaults Upon Senior Securities                                13

Item 4.  Submission of Matters to a Vote of Security Holders            13

Item 5.  Other Information                                              13

Item 6.  Exhibits and Reports on Form 8-K                               13

SIGNATURES                                                              14

                                       1

<PAGE>


Part I.  Financial Information

Item 1:  Financial Statements


                             LASV ENTERPRISES, INC.
                                  BALANCE SHEET
                                   U.S. Funds
                                  JUNE 30, 2001
                                   (UNAUDITED)

                                     ASSETS

                                                           June 30, 2001
                                                           -------------

CURRENT ASSETS:
     Cash                                                  $         148
     CAPITAL ASSETS                                                    0
                                                           -------------

TOTAL ASSETS                                               $         148
                                                           =============


                     LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)

CURRENT LIABILITIES:
     Accounts Payable                                      $      64,000

     Due to Shareholders                                          48,000
                                                           -------------
                                                                 112,000

                           SHAREHOLDERS EQUITY (DEFICIENCY)

SHARE CAPITAL (Note 7)                                          (111,852)

DEFECIT (NOTE 8) Loss provision for D.R. project                       0
                                                           -------------
                                                                (111,852)
                                                           -------------
                                                           $         148
                                                           =============



See accompanying notes.


                                       2

<PAGE>


                             LASV ENTERPRISES, INC.
                  STATEMENT OF OPERATIONS AND RETAINED DEFICIT
            FOR THE THREE MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (UNAUDITED)


                                           Three months         Three months
                                               Ended               Ended
                                           June 30, 2001        June 30, 2000
                                         ---------------        -------------

REVENUES                                 $             0        $           0

OPERATING EXPENSES                                48,325              623,546
                                         -----------------      --------------

NET (LOSS)                                       (48,325)            (623,546)

RETAINED DEFICIT, BEGINNING OF PERIOD         (1,349,834)            (221,487)
                                         -----------------     --------------


RETAINED DEFICIT, END OF PERIOD         $     (1,398,159)       $    (845,033)
                                         =================     ==============






See accompanying notes.


                                       3

<PAGE>


                             LASV ENTERPRISES, INC.
                  STATEMENT OF OPERATIONS AND RETAINED DEFICIT
            FOR THE NINE MONTHS ENDED JUNE 30, 2001 AND 2000
                                   (UNAUDITED)


                                           Nine months           Nine months
                                              Ended                 Ended
                                          June 30, 2001         June 30, 2001
                                          -------------         -------------

REVENUES                                  $           0         $           0


OPERATING EXPENSES                              166,121               623,546
                                          -------------         -------------

NET (LOSS)                                     (166,121)             (623,546)

RETAINED DEFICIT, BEGINNING OF PERIOD        (1,349,834)             (221,487)
                                          -------------         -------------


RETAINED DEFICIT, END OF PERIOD           $  (1,515,955)        $    (845,033)
                                          =============         =============





See accompanying notes.


                                       4

<PAGE>


                             LASV ENTERPRISES, INC.


NOTE: A Statement of Cash Flows has not been included.  At this time there is no
cash flow in the current acquisitions.








                                       5
<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 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
                                June 30, 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)  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.


4.      CAPITAL ASSETS

        The Company's capital assets  is  based solely  upon the  bank statement
        balance as of June 30, 2001.



                                       7

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001
                                   (Unaudited)
                                   U.S. Funds


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. 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.


6.      NOTE PAYABLE

        The company currently has  no notes  payable to third parties as of June
        30, 2001.

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
                                            ===========            ==========

        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

<PAGE>


                              LASV ENTERPRISES INC.
                          NOTES TO FINANCIAL STATEMENTS
                                  June 30, 2001
                                   (Unaudited)
                                   U.S. Funds


8.      NAME CHANGE

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

9.      DEFICIT

         The company lost the Option Agreement with Divest Management,  Inc. for
         the project in the Dominican  Republic on March 20, 2000.  The property
         originally at a capitalized cost of $3,042,515 has been written off and
         netted  against the mortgage  liability  leaving a net book value.  The
         company is currently  taking legal action to recover the amount paid to
         Divest Management, Inc.








                                       9

<PAGE>


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

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.

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

On June 26, 2001, the Company  announced a group of shareholders  had reached an
understanding of settlement/ transfer of ownership in the lawsuits and judgments
by creditors in the amount of $230,000 and $2,970,000, thus totaling $3,200,000.
Both  the  claimants'  outstanding  issues  are  relating  back to the  previous
Chairman and Owners, Jehu Hand and Michael O. Ison.



DISCUSSION  OF  SUBSEQUENT  EVENTS FOR THE  PERIOD OF July 1, 2001 to  September
20,2001

On July 12, 2001, the Company announced that is has successfully  negotiated and
signed an agreement with Eliatta Streamline Investments, Inc. Eliatta represents
a group of investors who have agreed to a private placement in LASV Enterprises,
Inc. for $3 million dollars (USD) to be funded over a 45 day period.

On July  13,  2001,  the  Company  and the  Russian  Journalists  Union  jointly
announced the  initialization of deployment of 2200 lottery terminals to Moscow,
Russia.

On July 31, 2001, a Consent to Action in Lieu of Special Meeting of Directors of
LASV Enterprises,  Inc. was held. The directors and purported  directors of LASV
Enterprises, Inc. ratified, adopted and consented to the following resolution in
lieu of a special meeting of directors  effective July 31 2001 and waived notice
of the time and  place of this  Special  Meeting.  RESOLVED  that the  following
individuals  were  appointed  officers  of the  Company to serve  until the time
appointed by statute or bylaws for elections of officers:

         Jennifer Lyster            President & Director
         Jacob Penner               Secretary

RESOLVED that upon the  resignation  of any director  from the Company  Jennifer
Lyster  shall be  immediately  appointed  as director to fill that  vacancy.  In
addition,  Jennifer  Lyster  shall be appointed as director to fill that vacancy
created by any resigning  director or purported director and shall thereafter be
the sole director of the company.


                                       10
<PAGE>

Effective  July 31, 2001,  directorship  of LASV  Enterprises,  Inc is under new
management.  The Company is currently  reviewing the past contracts,  agreements
and negotiations related to the assets noted by previous management.

Immediate focus to rectify past due filings is new  management's  priority.  The
analysis of outstanding  agreements and contracts will be closely scrutinized to
ensure  enhancement  of shareholder  value.  New  directorship  is determined to
instill  shareholder  confidence with the  dissemination of accurate and precise
disclosure on all company dealings.

The project in the Dominican Republic was terminated by Divest Management,  Inc.
due to the lack of performance of the company.  The company is currently  taking
legal  action  against  Divest  Management,  Inc. to recover the deposit for the
Option  Agreement  and all  additional  monies.  The Company is confident  after
review of the documentation and agreements,  it shall recover a large portion of
the amount paid or the full amount (in excess of $1 million).

The Company and legal  representatives are currently reviewing the documentation
related to the acquisition of SilverHawk  Development  Corporation.  The Company
will commence discussions with SilverHawk  Development  Corporation in an effort
to receive the  restricted  certificate  issued in the name of Von G.  Batesole,
returned to the company and treasury and to receive the  $1,000,000  received by
SilverHawk and Von G. Batesole for the acquisition which was not completed.

The new Company and Directorship  have ceased and terminated the dealings of any
and all Agents and Representatives or purported  Representatives of the company.
All current and future  negotiations  of the company are  represented by the new
Directors.   Current  Directors  are  closely  scrutinizing  the  contracts  and
negotiations  concerning the company's  current assets;  the ATM project and the
Russian lottery to ensure enhancement to shareholder value.

The  Company  has  had   preliminary   discussions   with  creditors  and  legal
representatives  in an effort to reach a mutual  agreement.  New directorship is
confident a mutual  agreement and  settlement can be obtained in the near future
to  evaluate  and  ensure  all  transactions  are in the  best  interest  of its
shareholders. Due diligence and validation is being obtained concerning the news
release of July 12, 2001 and July 13, 2001.

The Company intends to instill shareholder  confidence with the dissemination of
accurate and precise  information  regarding  the  disclosure  of the  company's
assets.  Immediate  focus on  lawsuits  and the  recovery  of  funds  are a high
priority in order to stabilize and move the company  forward at a safe pace with
operational  assets. A professional  Investor  Relations  company is to commence
immediately to ensure all shareholders are well informed with clear, concise and
reliable information.  As an equity owner, the shareholder should remain mindful
of your company's growth and happenings.

On September 20, 2001 the officers and Board of Directors for LASV  Enterprises,
Inc. consists of:

         Jennifer Lyster            President & Director
         Jacob Penner               Secretary


                                       11
<PAGE>


                           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
addressing   the  issues  raised  in  the  suit.   The  Company  and  its  Legal
Representatives feel this does not reflect on new management and operations
and are actively pursuing discussions to achieve a mutual agreement. The Company
is confident a mutual agreement will be reached within six months.



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 addressing  the issues raised in the suit.
The  Company  and its Legal  Representatives  feel this does not  reflect on new
management  and operations  and are actively  pursuing  discussions to achieve a
mutual agreement.


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.

                                       12
<PAGE>

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  September  20,  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 - None


Item 5. OTHER INFORMATION

On July 31, 2001, a Consent to Action in Lieu of Special Meeting of Directors of
LASV Enterprises,  Inc. was held. The directors and purported  directors of LASV
Enterprises, Inc. ratified, adopted and consented to the following resolution in
lieu of a special meeting of directors  effective July 31 2001 and waived notice
of the time and  place of this  Special  Meeting.  RESOLVED  that the  following
individuals  were  appointed  officers  of the  Company to serve  until the time
appointed by statute or bylaws for elections of officers:

         Jennifer Lyster            President & Director
         Jacob Penner               Secretary

RESOLVED that upon the  resignation  of any director  from the Company  Jennifer
Lyster  shall be  immediately  appointed  as director to fill that  vacancy.  In
addition,  Jennifer  Lyster  shall be appointed as director to fill that vacancy
created by any resigning  director or purported director and shall thereafter be
the sole director of the company.



As of September 20, 2001, there were  approximately  283 stockholders of record.
Subsequent to April 1, 2001,  the volume of shares traded  increased in April to
4,804,437 and declined to 3,362,619 in May and 3,419,577 in June.


Item 6.     EXHIBITS AND REPORTS ON FORM 8-K

        None



                                       13
<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:     September 25, 2001               By: /s/ Jennifer Lyster
                                            ----------------------
                                            Jennifer Lyster
                                            President, Director (and duly
                                            authorized officer)





                                       16