UNITED ~~STATESSECURITIES~~STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 8-K

CURRENT REPORTPursuant to Section 13 OR 15(d) of The Securities Exchange Act of ~~1934Date of Report (Date of earliest event reported) January 21, 2008~~1934

Date of Report (Date of earliest event reported) April 8, 2008

STAR RESORTS DEVELOPMENT INC.
(Exact name of registrant as specified in its charter)

Nevada
(State or other jurisdiction of incorporation)

000-52449
(Commission File Number)

98-0521492
(IRS Employer Identification No.)

701 Brickell Ave., Suite 1550, Miami, FL 33131
(Address of principal executive offices and Zip Code)

305-728-5254
(Registrant's telephone number, including area code)

N/A
(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:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

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Item 13.0102 ~~Entry~~Unregistered ~~into~~Sales aof ~~Material~~Equity ~~Definitive Agreement~~Securities

On ~~January~~April 218, 2008, we ~~entered~~issued ~~into~~to anBlue ~~assignment~~Mint ~~agreement with~~Exploration ~~Latin Star Developments~~ Inc. (the “~~Latin Star~~Holder”), a ~~Nevis~~Convertible ~~company~~Promissory ~~wholly-owned by~~Note ~~our director, David Craven. Latin Star owns rights to the shares and other assets~~ (the “~~Assets~~Note”) ~~through~~in athe ~~memoranda~~amount of ~~understanding~~$500,000. The ~~(the~~Note ~~“MOU”)~~is dated April 3, ~~real estate~~2008 ~~purchase~~and ~~agreement~~payable ~~(the~~on ~~“REPA”)~~April ~~and~~3, ~~other~~2010, ~~related~~and ~~documents~~will accrue ~~(collectively,~~interest at the ~~“Memoranda”).~~rate ~~The~~of ~~Memoranda~~9%, ~~may~~which beis ~~assigned~~paid byper ~~Latin~~annum ~~Star~~starting ~~to the~~180 ~~Company~~days ~~without~~from the date ~~consent~~ of ~~any~~the ~~other parties;~~ Note.

InThe ~~accordance~~Holder ~~with~~has the ~~Memoranda,~~option ~~Latin~~to ~~Star~~convert ~~has~~the ~~paid~~outstanding ~~the~~principal amount ofand ~~$3,450,000:~~accrued interest under the ~~sum~~Note ofinto ~~$3,250,000~~common ~~pursuant~~shares at a conversion price equal to the ~~MOU~~average ~~and~~closing price of the ~~sum~~10 ~~of $200,000~~trading ~~pursuant~~days toimmediately preceding the ~~REPA;~~conversion date.

~~Under~~The ~~the~~Holder ~~terms~~may ofalso exercise the ~~assignment~~option ~~agreement,~~of ~~Latin~~giving ~~Star will~~written ~~assign~~notice to ~~us,~~our ~~all~~Company ofthat ~~Latin~~the ~~Star’s~~entire ~~right,~~unpaid ~~title,~~principal ~~interest~~amount inof the ~~Assets~~Note ~~for~~and ~~consideration~~the ofapplicable ~~6,900,000~~interest ~~shares~~is payable if any events of ~~our~~default ~~common~~have ~~stock~~occurred and be continuing at the time of such notice.

AWe ~~copy~~issued of the ~~agreements~~Note ~~relating~~ to ~~the~~one ~~above~~non-US ~~transactions are~~person ~~attached~~pursuant ~~hereto as exhibits~~ to ~~this~~an ~~current~~offshore transaction ~~report~~relying on ~~Form~~Regulation ~~8-K.~~S ~~The foregoing~~and/or ~~summaries~~Section 4(2) of the ~~agreements~~Securities ~~are~~Act ~~qualified in their entirety by~~of ~~reference to such exhibits~~1933, ~~which~~as ~~are incorporated by reference herein~~amended.

Item 9.01.	Financial Statements and Exhibits.
10.1	Assignment Agreement dated December 20, 2007

Item 9.01. Financial Statements and Exhibits.

-10.1 3Convertible -Promissory Note

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 hereunto duly authorized.

STAR RESORTS DEVELOPMENT INC.

/s/ ~~Alejandro~~James ~~Aparicio~~J. Pierce James J. Pierce CFO

~~Alejandro~~Date: ~~AparicioPresident~~April ~~and~~10, ~~CEO~~2008

January 22, 2008

Filing Compare · Star Resorts Development Inc.