EXHIBIT 25.1
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FORM T-1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-5160382
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
One Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
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HOLLYWOOD PARK, INC.
(Exact name of obligor as specified in its charter)
Delaware 95-3667491
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
Table of Additional Registrants
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Hollywood Park Operating Company Delaware 95-3667220
Hollywood Park Fall Operating Company Delaware 95-4093972
HP Yakama Consulting, Inc. Delaware 94-4651282
HP Yakama, Inc. Delaware 95-4636368
Boomtown, Inc. Delaware 94-3044204
Hollywood Park Food Services, Inc. California 95-2844591
HP/Compton, Inc. California 95-4545471
HP Casino, Inc. California 94-4548638
Crystal Park Hotel and Casino California 95-4595453
Development Company, LLC
Louisiana Gaming Enterprises, Inc. Louisiana 72-1229201
Louisiana-I Gaming, a Louisiana Louisiana 72-1238179
Partnership in Commendam
Casino Magic Corp. Minnesota 64-0817483
Casino Magic American Corp. Minnesota 41-1779346
Bayview Yacht Club, Inc. Mississippi 64-0824102
Mississippi-I Gaming, L.P. Mississippi 64-0828954
Biloxi Casino Corp. Mississippi 64-0814408
Casino Magic Finance Corp. Mississippi 64-0835473
Casino One Corporation Mississippi 64-0814345
Bay St. Louis Casino Corp. Mississippi 64-0814409
Mardi Gras Casino Corp. Mississippi 64-0793787
Boomtown Hotel & Casino, Inc. Nevada 88-0101849
Boomtown Hoosier, Inc. Nevada 88-0355622
Indiana Ventures LLC Nevada 93-1199012
Switzerland County Development Corp. Nevada 95-4355039
Pinnacle Gaming Development Corp. Colorado 84-1242274
Turf Paradise, Inc. Arizona 86-0114029
1050 South Prairie Avenue
Inglewood, California 90301
(Address of principal executive offices) (Zip code)
______________________
Series B 9 1/4% Senior Subordinated Notes due 2007
(Title of the indenture securities)
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-2-
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.
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Name Address
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Superintendent of Banks of the State of 2 Rector Street, New York,
New York N.Y. 10006, and Albany, N.Y. 12203
Federal Reserve Bank of New York 33 Liberty Plaza, New York,
N.Y. 10045
Federal Deposit Insurance Corporation Washington, D.C. 20429
New York Clearing House Association New York, New York 10005
(b) Whether it is authorized to exercise corporate trust powers.
Yes.
2. Affiliations with Obligor.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
16. List of Exhibits.
Exhibits identified in parentheses below, on file with the Commission, are
incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-
29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R.
229.10(d).
1. A copy of the Organization Certificate of The Bank of New York
(formerly Irving Trust Company) as now in effect, which contains the
authority to commence business and a grant of powers to exercise
corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-1
filed with Registration Statement No. 33-6215, Exhibits 1a and 1b to
Form T-1 filed with Registration Statement No. 33-21672 and Exhibit 1
to Form T-1 filed with Registration Statement No. 33-29637.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019.)
6. The consent of the Trustee required by Section 321(b) of the Act.
(Exhibit 6 to Form T-1 filed with Registration Statement No. 33-
44051.)
7. A copy of the latest report of condition of the Trustee published
pursuant to law or to the requirements of its supervising or examining
authority.
SIGNATURE
Pursuant to the requirements of the Act, the Trustee, The Bank of New York,
a corporation organized and existing under the laws of the State of New York,
has duly caused this statement of eligibility to be signed on its behalf by the
undersigned, thereunto duly authorized, all in The City of New York, and State
of New York, on the 2nd day of March, 1999.
THE BANK OF NEW YORK
By: /s/ MARY LAGUMINA
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Name: MARY LAGUMINA
Title: ASSISTANT VICE PRESIDENT
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Consolidated Report of Condition of
THE BANK OF NEW YORK
of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business December 31,
1998, published in accordance with a call made by the Federal Reserve Bank of
this District pursuant to the provisions of the Federal Reserve Act.
ASSETS Dollar Amounts
in Thousands
Cash and balances due from depository
institutions:
Noninterest-bearing balances and currency and
coin................................................... $ 3,951,273
Interest-bearing balances............................... 4,134,162
Securities:
Held-to-maturity securities............................. 932,468
Available-for-sale securities........................... 4,279,246
Federal funds sold and Securities purchased
under agreements to resell.............................. 3,161,626
Loans and lease financing receivables:
Loans and leases, net of unearned
income...............37,861,802
LESS: Allowance for loan and
lease losses............619,791
LESS: Allocated transfer risk
reserve........................3,572
Loans and leases, net of unearned income,
allowance, and reserve................................. 37,238,439
Trading Assets........................................... 1,551,556
Premises and fixed assets (including capitalized
leases)................................................. 684,181
Other real estate owned.................................. 10,404
Investments in unconsolidated subsidiaries and
associated companies.................................... 196,032
Customers' liability to this bank on acceptances
outstanding............................................. 895,160
Intangible assets........................................ 1,127,375
Other assets............................................. 1,915,742
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Total assets............................................. $60,077,664
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LIABILITIES
Deposits:
In domestic offices..................................... $27,020,578
Noninterest-bearing.........11,271,304
Interest-bearing............15,749,274
In foreign offices, Edge and Agreement
subsidiaries, and IBFs................................. 17,197,743
Noninterest-bearing............103,007
Interest-bearing............17,094,736
Federal funds purchased and Securities sold
under agreements to repurchase.......................... 1,761,170
Demand notes issued to the U.S.Treasury.................. 125,423
Trading liabilities...................................... 1,625,632
Other borrowed money:
With remaining maturity of one year or less............. 1,903,700
With remaining maturity of more than one year
through three years.................................... 0
With remaining maturity of more than three years........ 31,639
Bank's liability on acceptances executed and
outstanding............................................. 900,390
Subordinated notes and debentures........................ 1,308,000
Other liabilities........................................ 2,708,852
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Total liabilities........................................ 54,583,127
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EQUITY CAPITAL
Common stock............................................. 1,135,284
Surplus.................................................. 764,443
Undivided profits and capital reserves................... 3,542,168
Net unrealized holding gains (losses) on
available-for-sale securities........................... 82,367
Cumulative foreign currency translation
adjustments............................................. (29,725)
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Total equity capital..................................... 5,494,537
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Total liabilities and equity capital..................... $60,077,664
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I, Thomas J. Mastro, Senior Vice President and Comptroller of the above-
named bank do hereby declare that this Report of Condition has been prepared in
conformance with the instructions issued by the Board of Governors of the
Federal Reserve System and is true to the best of my knowledge and belief.
Thomas J. Mastro
We, the undersigned directors, attest to the correctness of this Report of
Condition and declare that it has been examined by us and to the best of our
knowledge and belief has been prepared in conformance with the instructions
issued by the Board of Governors of the Federal Reserve System and is true and
correct.
Thomas A. Reyni
Gerald L. Hassell Directors
Alan R. Griffith