UNITED STATES

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): ~~April 16~~May 1, 2015 (April 1016, 2015)

NEVADA PROPERTY 1 LLC

(Exact ~~name~~Name of registrant as specified in its charter)

Delaware		000-53938		27-1695189
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(~~IRS~~I.R.S. Employer Identification No.)

3708 Las Vegas Boulevard South

Las Vegas, Nevada

89109

(Address of principal executive offices)

(Zip Code)

(702) 698-7000

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

~~Ronald~~On G.April 16, ~~Eidell~~2015, ~~Chief~~the ~~Financial~~Board ~~Officer~~of Directors (the “Board”) of Nevada Property 1 LLC (the “Company”), iselected ~~transitioning~~Andrea ~~from~~L. Drasites ~~the~~as ~~position~~a member of ~~Chief~~the ~~Financial~~Board, ~~Officer~~effective immediately, subject to athe ~~senior~~required ~~advisory~~regulatory ~~role~~approvals atby the ~~Company~~Nevada ~~and~~Gaming ~~will~~Commission. beMs. Drasites ~~available~~currently toserves ~~the~~as ~~Company~~a Managing Director in ~~this~~the ~~capacity~~Real ~~for~~Estate ~~the~~Management ~~remainder~~Division of ~~2015.~~Blackstone Administrative ~~Mr.~~SVCS ~~Eidell’s~~Partnership ~~transition~~LLC, isa bysubsidiary ~~mutual~~of ~~agreement~~The ~~with~~Blackstone ~~the~~Group ~~Company~~L.P. asMs. Drasites will become a member of ~~April~~the ~~10,~~Company’s ~~2015~~Audit ~~and~~Committee. isThe Board did not ~~the~~elect ~~result~~Ms. Drasites ofpursuant to any ~~disagreement~~arrangement ~~with~~or understanding between Ms. Drasites and the Company onor any ~~matter~~other ~~relating~~person. There are no transactions that are required to ~~the~~be ~~Company’s~~disclosed ~~operations,~~pursuant ~~policies~~to orItem 404(a) ~~practices~~of SEC Regulation S-K.

On April 10, 2015, the Company’s Board of Directors (the “Board”) appointed Michelle F. Adams, age 42, who was the Company’s Vice President of Finance and Corporate Controller, as the Company’s Chief Financial Officer. Ms. Adam’s appointment is effective immediately, subject to receipt of the required regulatory approvals by the Nevada Gaming Commission. Ms. Adams has served as the Company’s Vice President of Finance and Corporate Controller since May 2014 and previously served as the Company’s Vice President and Chief Internal Auditor from August 2012 to May 2014. Prior to joining the Company, from June 2003 to August 2012, Ms. Adams was the Partner-in-Charge of the Hospitality and Gaming Industry Group of RubinBrown LLP, a public accounting and consulting firm. From January 1998 to June 2003, Ms. Adams was a Manager at Deloitte & Touche LLP, serving a variety of clients in the gaming and hospitality industry. Ms. Adams is a Certified Public Accountant and holds a Bachelor of Science from Truman State University.

The Board did not appoint Ms. Adams pursuant to any arrangement or understanding between Ms. Adams and the Company or any other person, and Ms. Adams does not have any family relationship with any of the directors or executive officers of the Company. In addition, there are no transactions that are required to be disclosed pursuant to Item 404(a) of SEC Regulation S-K.

SIGNATURE

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 hereunto duly authorized.

NEVADA PROPERTY 1 LLC	~~NEVADA PROPERTY 1 LLC~~
By:	~~By:~~	/s/ ~~William~~Michelle PF. ~~McBeath~~Adams
Name:	~~Name:~~	~~William~~Michelle PF. ~~McBeath~~Adams
Title:	~~Title:~~	~~President and~~ Chief ~~Executive~~Financial Officer

Date: ~~April 16~~May 1, 2015

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