Exhibit 25.1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)
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U.S. BANK NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
31-0841368
I.R.S. Employer Identification No.
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180 East Fifth Street
St. Paul, Minnesota 55101
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(Address of principal executive offices) (Zip Code)
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Richard Prokosch
U.S. Bank National Association
180 East Fifth Street
St. Paul, MN 55101
(651) 244-0721
(Name, address and telephone number of agent for service)
LAS VEGAS SANDS, INC.
(Issuer with respect to the Securities)
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Nevada 04-3010100
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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3355 Las Vegas Boulevard South
Room 1A
Las Vegas, Nevada 89109
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(Address of Principal Executive Offices) (Zip Code)
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VENETIAN CASINO RESORT, LLC
(Issuer with respect to the Securities)
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Nevada 86-0863398
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
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3355 Las Vegas Boulevard South
Room 1A
Las Vegas, Nevada 89109
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(Address of Principal Executive Offices) (Zip Code)
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11% MORTGAGE NOTES DUE 2010
(TITLE OF THE INDENTURE SECURITIES)
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FORM T-1
ITEM 1. GENERAL INFORMATION. Furnish the following information as to the
Trustee.
a) NAME AND ADDRESS OF EACH EXAMINING OR SUPERVISING AUTHORITY
TO WHICH IT IS SUBJECT.
Comptroller of the Currency
Washington, D.C.
b) WHETHER IT IS AUTHORIZED TO EXERCISE CORPORATE TRUST POWERS.
Yes
ITEM 2. AFFILIATIONS WITH OBLIGOR. IF THE OBLIGOR IS AN AFFILIATE OF THE
TRUSTEE, DESCRIBE EACH SUCH AFFILIATION.
None
ITEMS 3-15 ITEMS 3-15 ARE NOT APPLICABLE BECAUSE TO THE BEST OF THE TRUSTEE'S
KNOWLEDGE, THE OBLIGOR IS NOT IN DEFAULT UNDER ANY INDENTURE FOR
WHICH THE TRUSTEE ACTS AS TRUSTEE.
ITEM 16. LIST OF EXHIBITS: LIST BELOW ALL EXHIBITS FILED AS A PART OF THIS
STATEMENT OF ELIGIBILITY AND QUALIFICATION.
1. A copy of the Articles of Association of the Trustee.*
2. A copy of the certificate of authority of the Trustee to commence
business.*
3. A copy of the certificate of authority of the Trustee to exercise
corporate trust powers.*
4. A copy of the existing bylaws of the Trustee.*
5. A copy of each Indenture referred to in Item 4. Not applicable.
6. The consent of the Trustee required by Section 321(b) of the Trust
Indenture Act of 1939, attached as Exhibit 6.
7. Report of Condition of the Trustee as of March 31, 2002, published
pursuant to law or the requirements of its supervising or
examining authority, attached as Exhibit 7.
* Incorporated by reference to Registration Number 333-67188.
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NOTE
The answers to this statement insofar as such answers relate to what
persons have been underwriters for any securities of the obligors within three
years prior to the date of filing this statement, or what persons are owners of
10% or more of the voting securities of the obligors, or affiliates, are based
upon information furnished to the Trustee by the obligors. While the Trustee has
no reason to doubt the accuracy of any such information, it cannot accept any
responsibility therefor.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this statement of eligibility and qualification to be
signed on its behalf by the undersigned, thereunto duly authorized, all in the
City of St. Paul, State of Minnesota on the 24th day of June, 2002.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
By: /s/ Julie Eddington
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Julie Eddington
Assistant Vice President
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EXHIBIT 6
CONSENT
In accordance with Section 321(b) of the Trust Indenture Act of 1939,
the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of
examination of the undersigned by Federal, State, Territorial or District
authorities may be furnished by such authorities to the Securities and Exchange
Commission upon its request therefor.
Dated: June 24, 2002
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Lori-Anne Rosenberg
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Lori-Anne Rosenberg
Assistant Vice President
By: /s/ Julie Eddington
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Julie Eddington
Assistant Vice President
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EXHIBIT 7
U.S. BANK NATIONAL ASSOCIATION
STATEMENT OF FINANCIAL CONDITION
AS OF 3/31/2002
($000'S)
3/31/2002
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ASSETS
Cash and Due From Depository Institutions $6,610,097
Federal Reserve Stock 0
Securities 24,432,814
Federal Funds 1,509,430
Loans & Lease Financing Receivables 112,081,360
Fixed Assets 1,414,464
Intangible Assets 8,269,267
Other Assets 6,637,699
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TOTAL ASSETS $160,955,131
LIABILITIES
Deposits $107,406,480
Fed Funds 6,981,749
Treasury Demand Notes 0
Trading Liabilities 120,375
Other Borrowed Money 18,019,329
Acceptances 185,399
Subordinated Notes and Debentures 5,104,491
Other Liabilities 3,878,626
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TOTAL LIABILITIES $141,696,449
EQUITY
Minority Interest in Subsidiaries $985,901
Common and Preferred Stock 18,200
Surplus 11,278,504
Undivided Profits 6,976,077
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TOTAL EQUITY CAPITAL $19,258,682
TOTAL LIABILITIES AND EQUITY CAPITAL $160,955,131
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To the best of the undersigned's determination, as of the date hereof, the
above financial information is true and correct.
U.S. BANK NATIONAL ASSOCIATION
By: /s/ Lori-Anne Rosenberg
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Assistant Vice President
Date: June 24, 2002
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