-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EP2Zv0wQJpNPxe89Ef+YkBrhsFOl1G/XfkgJg4JPM1zWiviv5yDRIJWMID48p1z3 M4H4OXMZUhKC9gNKRPxC/A== 0000950142-03-000971.txt : 20030604 0000950142-03-000971.hdr.sgml : 20030604 20030604092936 ACCESSION NUMBER: 0000950142-03-000971 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030603 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LAS VEGAS SANDS INC CENTRAL INDEX KEY: 0000850994 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 043010100 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-42147 FILM NUMBER: 03731282 BUSINESS ADDRESS: STREET 1: 3355 LAS VEGAS BLVD SOUTH RM 1A CITY: LAS VEGAS STATE: NV ZIP: 89109 BUSINESS PHONE: 702414452 MAIL ADDRESS: STREET 1: 3355 LAS VEGAS BOULEVARD SOUTH CITY: LAS VEGAS STATE: NV ZIP: 89109 8-K 1 form8k_060403.txt CURRENT REPORT SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (date of earliest event reported): June 3, 2003 LAS VEGAS SANDS, INC. (Exact name of registrant as specified in its charter) NEVADA 333-42147 04-3010100 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 3355 LAS VEGAS BOULEVARD SOUTH LAS VEGAS, NEVADA 89109 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (702) 414-1000 NOT APPLICABLE (Former name or former address, if changed since last report) ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE. On June 3, 2003, Las Vegas Sands Inc. issued a press release announcing a jury verdict against it. The text of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. EXHIBIT NUMBER TITLE -------------- ----- 99.1 Press Release, dated June 3, 2003 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: June 4, 2003 LAS VEGAS SANDS, INC. By: /s/ Harry D. Miltenberger -------------------------- Name: Harry D. Miltenberger Title: Vice President-Finance EXHIBITS INDEX 99.1 Press Release, dated June 3, 2003 EX-99 3 ex991-form8k_060403.txt EXHIBIT 99.1 EXHIBIT 99.1 ------------ [GRAPHIC OMITTED] [LOGO - THE VENETIAN RESORT o HOTEL o CASINO] PRESS RELEASE ================================================================================ For Immediate Release Contact: David Friedman June 3, 2003 702/733-5502 VENETIAN RESPONDS TO BOVIS VERDICT LAS VEGAS, NEVADA - On June 3, 2003, the jury in the matter of In Re Venetian Lien Litigation, Master Case No. A397391, Individual Case No. A406590, District Court, Clark County, Nevada, returned a verdict awarding Lehrer McGovern Bovis, Inc. ("LMB") and its subcontractors approximately $44 million in additional costs related to the construction of the Venetian Casino Resort. Venetian Casino Resort, LLC, the owner of the Venetian Casino Resort (the "Venetian") was awarded approximately $2 million for defective work that was performed by LMB and its subcontractors. "Notwithstanding the jury's significant reduction in LMB's claims, Venetian is disappointed by the verdict and believes that it is unsupported by the evidence and incorrect as a matter of law" said David Friedman, Assistant to the Chairman of the Board of Venetian. "We are considering our appeal rights in both federal and state court, post trial motions, and the finality of the verdict in light of ongoing arbitration proceedings in which LMB and Venetian are still resolving cost and schedule issues related to the construction" he added. These issues will likely be the subject of a hearing on June 17, 2003 ordered by the Court following this morning's verdict. The $44 million verdict in favor of LMB, if approved by the Court as a final judgment, would be in satisfaction of the approximate $140 million in lien claims filed by LMB in the Summer of 1999, the approximate $160 million in lien claims filed by LMB's subcontractors, and the approximate $450 million in lien bonds filed by Venetian in 1999 to discharge those liens. FORWARD-LOOKING STATEMENTS The matters described in this press release contain forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands, Inc. with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. Venetian assumes no obligation to update such information. # # # -----END PRIVACY-ENHANCED MESSAGE-----