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)  January 15, 1997


                      LAS VEGAS ENTERTAINMENT NETWORK, INC.
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                 (State or other jurisdiction of incorporation)


         0-21270                                                      94-3123854
(Commission File Number)                       (IRS Employer Identification No.)


1801 Century Park East, 23rd Floor, Los Angeles, California            90067
(Address of principal executive offices)                             (Zip Code)


Registrant's telephone number, including area code:  (310) 551-0011


No Exhibits included.



<PAGE>



Item 5.      Other Events.

             On January 15, 1997,  the Company,  through its wholly owned Nevada
subsidiary  Casino Co.,  made a 90-day  secured loan of Two Million Nine Hundred
Thousand Dollars  ($2,900,000) to NPD, Inc.  ("NPD"),  in order to enable NPD to
close the acquisition  from Robert Brennan  ("Brennan") of 2,904,016 shares (the
"Brennan  Shares") of the common stock of International  Thoroughbred  Breeders,
Inc. ("ITB"), representing twenty five percent (25%) of the outstanding stock of
ITB. At the closing of such purchase and sale, the  shareholders  of NPD, Nunzio
DeSantis  and  Anthony  Coelho,  became the  Chairman of the Board and the Chief
Executive  Officer,  respectively,  of ITB.  The sale of the Brennan  Shares was
instrumental  to LVEN,  as it will allow ITB to (i) meet the  requirements  of a
$100 Million  funding  proposal that would be used, in part,  for the renovation
and  opening  by ITB of ITB's  21 acre  Strip  property  in Las  Vegas,  Nevada,
formerly  known as the El Rancho  Hotel and  Casino,  in which the Company has a
continuing cash flow interest,  and (ii) meet the requirements of The New Jersey
Racing  Commission  and  Division of Gaming  Enforcement  for  continued  racing
licensing at ITB's New Jersey facilities.  The Company believes that the sale of
the Brennan  Shares will also  facilitate  ITB's  application  for Nevada Gaming
Licensing.

             The loan to NPD is evidenced by ITB's 10% Secured  Promissory  Note
due on April 15,  1997  (the"NPD  Note").  The NPD Note is secured by a security
interest in and to the Brennan Shares, subject to a purchase money lien in favor
of Brennan for the balance of the purchase  price owing to him in respect of the
sale of the Brennan  Shares.  In addition,  1,452,088 of the Brennan  Shares are
subject to an  existing  purchase  option in favor of a third  party,  and would
cease to provide collateral to the Company upon the exercise of such option. The
NPD Note is personally guaranteed by Mr. DeSantis.

             Upon a default by NPD under its payment  obligations  to Brennan in
respect of the balance of the  purchase  price for the Brennan  Shares,  Brennan
would be free to exercise  certain  creditor's  rights under a Pledge  Agreement
between  Brennan  and  ITB  in  respect  of  the  Brennan  Shares  (the  "Pledge
Agreement").  Such actions  could have the effect of  modifying  the Com- pany's
security interest in such collateral,  which at all times is subordinated to and
secondary  to the  rights  of  Brennan.  In the  event  that  Brennan  elects to
foreclose  on the Brennan  Shares,  the Company will be obligated to execute all
documents  requested  by Brennan  to  reflect  the  discharge  of the  Company's
security  interest  therein.  In the event of a sale by Brennan after a default,
the  Company's  right in such  circumstance  shall be  limited  to the  right to
receive any proceeds from such sale over and above the amounts due Brennan under
the Pledge  Agreement.  Upon  satisfaction of NPD's purchase money obligation to
Brennan  during the term of the NPD Note,  the  Company  would then have a first
priority security interest in the Brennan Shares.



                                                        2

<PAGE>



Item 7.      Financial Statements and Exhibits.

             (a) (b)  Not Applicable.

             (c)      Exhibits

                      10.       Material Contracts

                                10.27     Loan   Agreement   between   NPD   and
                                          Casino-Co  Corporation  dated  January
                                          15,   1997   with   related    Secured
                                          Promissory    Note,    and    Security
                                          Agreemnet, Pledge Agreement.
                                10.28     Guaranty of Nunzio DeSantis in favor 
                                          of Casino-Co Corpora-
                                          tion.
                                10.29     Option of NPD, Inc. in favor of Casino
                                           -Co Corporation.


                                                        3

<PAGE>



                                   SIGNATURES

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

Dated:   January 30, 1997                  LAS VEGAS ENTERTAINMENT NETWORK, INC.



                                                 By:   /s/ Carl A. Sambus
                                                       Carl A. Sambus
                                                       Chief Financial Officer

                                                        4

<PAGE>



                                   SIGNATURES

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

Dated:   January 30, 1997                  LAS VEGAS ENTERTAINMENT NETWORK, INC.



                                                 By:
                                                       Carl A. Sambus
                                                       Chief Financial Officer


                                                        4
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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)  January 15, 1997

                      LAS VEGAS ENTERTAINMENT NETWORK, INC.
             (Exact name of registrant as specified in its charter)

                                    DELAWARE
                 (State or other jurisdiction of incorporation)

         0-21270                                                      94-3123854
(Commission File Number)                       (IRS Employer Identification No.)

1801 Century Park East, 23rd Floor, Los Angeles, California            90067
(Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code:  (310) 551-0011

No Exhibits included.
Item 5.      Other Events.

             On January 15, 1997,  the Company,  through its wholly owned Nevada
subsidiary  Casino Co.,  made a 90-day  secured loan of Two Million Nine Hundred
Thousand Dollars  ($2,900,000) to NPD, Inc.  ("NPD"),  in order to enable NPD to
close the acquisition  from Robert Brennan  ("Brennan") of 2,904,016 shares (the
"Brennan  Shares") of the common stock of International  Thoroughbred  Breeders,
Inc. ("ITB"), representing twenty five percent (25%) of the outstanding stock of
ITB. At the closing of such purchase and sale, the  shareholders  of NPD, Nunzio
DeSantis  and  Anthony  Coelho,  became the  Chairman of the Board and the Chief
Executive  Officer,  respectively,  of ITB.  The sale of the Brennan  Shares was
instrumental  to LVEN,  as it will allow ITB to (i) meet the  requirements  of a
$100 Million  funding  proposal that would be used, in part,  for the renovation
and  opening  by ITB of ITB's  21 acre  Strip  property  in Las  Vegas,  Nevada,
formerly  known as the El Rancho  Hotel and  Casino,  in which the Company has a
continuing cash flow interest,  and (ii) meet the requirements of The New Jersey
Racing  Commission  and  Division of Gaming  Enforcement  for  continued  racing
licensing at ITB's New Jersey facilities.  The Company believes that the sale of
the Brennan  Shares will also  facilitate  ITB's  application  for Nevada Gaming
Licensing.

             The loan to NPD is evidenced by ITB's 10% Secured  Promissory  Note
due on April 15,  1997  (the"NPD  Note").  The NPD Note is secured by a security
interest in and to the Brennan Shares, subject to a purchase money lien in favor
of Brennan for the balance of the purchase  price owing to him in respect of the
sale of the Brennan  Shares.  In addition,  1,452,088 of the Brennan  Shares are
subject to an  existing  purchase  option in favor of a third  party,  and would
cease to provide collateral to the Company upon the exercise of such option. The
NPD Note is personally guaranteed by Mr. DeSantis.

             Upon a default by NPD under its payment  obligations  to Brennan in
respect of the balance of the  purchase  price for the Brennan  Shares,  Brennan
would be free to exercise  certain  creditor's  rights under a Pledge  Agreement
between  Brennan  and  ITB  in  respect  of  the  Brennan  Shares  (the  "Pledge
Agreement").  Such actions  could have the effect of  modifying  the Com- pany's
security interest in such collateral,  which at all times is subordinated to and
secondary  to the  rights  of  Brennan.  In the  event  that  Brennan  elects to
foreclose  on the Brennan  Shares,  the Company will be obligated to execute all
documents  requested  by Brennan  to  reflect  the  discharge  of the  Company's
security  interest  therein.  In the event of a sale by Brennan after a default,
the  Company's  right in such  circumstance  shall be  limited  to the  right to
receive any proceeds from such sale over and above the amounts due Brennan under
the Pledge  Agreement.  Upon  satisfaction of NPD's purchase money obligation to
Brennan  during the term of the NPD Note,  the  Company  would then have a first
priority security interest in the Brennan Shares.

                                                        2
Item 7.      Financial Statements and Exhibits.

             (a) (b)  Not Applicable.

             (c)      Exhibits

                      10.       Material Contracts

                                10.27     Loan   Agreement   between   NPD   and
                                          Casino-Co  Corporation  dated  January
                                          15,   1997   with   related    Secured
                                          Promissory    Note,    and    Security
                                          Agreemnet, Pledge Agreement.
                                10.28     Guaranty of Nunzio DeSantis in favor 
                                          of Casino-Co Corpora-
                                          tion.
                                10.29     Option of NPD, Inc. in favor of Casino
                                           -Co Corporation.

                                                        3
SIGNATURES

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

Dated:   January 30, 1997                  LAS VEGAS ENTERTAINMENT NETWORK, INC.

                                                 By:   /s/ Carl A. Sambus
                                                       Carl A. Sambus
                                                       Chief Financial Officer

                                                        4
SIGNATURES

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

Dated:   January 30, 1997                  LAS VEGAS ENTERTAINMENT NETWORK, INC.

                                                 By:
                                                       Carl A. Sambus
                                                       Chief Financial Officer

                                                        4