EXHIBIT 25.1
================================================================================
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) |__|
----------------------
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.)
48 Wall Street, New York, N.Y. 10286
(Address of principal executive offices) (Zip code)
----------------------
THE BANK OF NEW YORK, 48 Wall Street, New York, New York 10286, (212) 815-5084
(Name, address and telephone number of agent for service)
----------------------
HOLLYWOOD PARK, INC.
HOLLYWOOD PARK OPERATING COMPANY
(Exact name of obligor as specified in its charter)
Delaware
Delaware
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
OTHER REGISTRANTS
I.R.S.
State or Other Jurisdiction Employer
Exact Name of Registrant as of Incorporation Identification
Specified in its Charter or Organization Number
- ------------------------------------------- --------------------------- ---------------
HOLLYWOOD PARK FALL OPERATING COMPANY Delaware 95-4093972
HOLLYWOOD PARK FOOD SERVICES, INC. California 95-2844591
HP/COMPTON, INC. California 95-4545471
CRYSTAL PARK HOTEL AND CASINO
DEVELOPMENT COMPANY, LLC California 95-4595453
TURF PARADISE, INC. Arizona 86-0114029
HP YAKAMA, INC. Delaware 95-4636368
BOOMTOWN, INC. Delaware 94-3044204
BOOMTOWN HOTEL & CASINO, INC. Nevada 88-0101849
BAYVIEW YACHT CLUB, INC. Mississippi 64-0824102
MISSISSIPPI-I GAMING, L.P. Mississippi 64-0828954
LOUISIANA GAMING ENTERPRISES, INC. Louisiana 72-1229201
LOUISIANA-I GAMING, A LOUISIANA
PARTNERSHIP IN COMMENDAM Louisiana 72-1238179
1050 South Prairie Avenue
Inglewood, California 90301
(Address of principal executive offices) (Zip code)
______________________
Series B 9 1/2% Senior Subordinated Notes due 2007
(Title of the indenture securities)
================================================================================
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.
- --------------------------------------------------------------------------------
Name Address
- --------------------------------------------------------------------------------
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 dated as of July 22, 1986, Exhibits
1a and 1b to Form T-1 filed with Registration Statement No. 33-21672
dated as of May 24, 1988 and Exhibit 1 to Form T-1 filed with
Registration Statement No. 33-29637 dated as of October 17, 1989.)
4. A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-1
filed with Registration Statement No. 33-31019 dated as of September 12,
1989.)
-2-
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
dated as of November 19, 1991.)
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.
-3-
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 5th day of November, 1997.
THE BANK OF NEW YORK
By: /s/ Mary Beth A. Lewicki
----------------------------
Name: Mary Beth A. Lewicki
Title: Assistant Vice President
- --------------------------------------------------------------------------------
Exhibit 7
Consolidated Report of Condition of
THE BANK OF NEW YORK
of 48 Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business June 30, 1997,
published in accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.
Dollar Amounts
ASSETS in Thousands
Cash and balances due from depos-
itory institutions:
Noninterest-bearing balances and
currency and coin .................. $ 7,769,502
Interest-bearing balances .......... 1,472,524
Securities:
Held-to-maturity securities ........ 1,080,234
Available-for-sale securities ...... 3,046,199
Federal funds sold and Securities pur-
chased under agreements to resell .... 3,193,800
Loans and lease financing
receivables:
Loans and leases, net of unearned
income ........................... 35,352,045
LESS: Allowance for loan and
lease losses ..................... 625,042
LESS: Allocated transfer risk
reserve .......................... 429
Loans and leases, net of unearned
income, allowance, and reserve ... 34,726,574
Assets held in trading accounts ...... 1,611,096
Premises and fixed assets (including
capitalized leases) ................ 676,729
Other real estate owned .............. 22,460
Investments in unconsolidated
subsidiaries and associated
companies .......................... 209,959
Customers' liability to this bank on
acceptances outstanding ............ 1,357,731
Intangible assets .................... 720,883
Other assets ......................... 1,627,267
------------
Total assets ......................... $ 57,514,958
============
LIABILITIES
Deposits:
In domestic offices ................ $ 26,875,596
Noninterest-bearing ................ 11,213,657
Interest-bearing ................... 15,661,939
In foreign offices, Edge and
Agreement subsidiaries, and IBFs ... 16,334,270
Noninterest-bearing ................ 596,369
Interest-bearing ................... 15,737,901
Federal funds purchased and Securities
sold under agreements to repurchase. 1,583,157
Demand notes issued to the U.S. ......
Treasury ........................... 303,000
Trading liabilities .................. 1,308,173
Other borrowed money:
With remaining maturity of one year
or less .......................... 2,383,570
With remaining maturity of more than
one year through three years...... 0
With remaining maturity of more than
three years ...................... 20,679
Bank's liability on acceptances exe-
cuted and outstanding .............. 1,377,244
Subordinated notes and debentures .... 1,018,940
Other liabilities .................... 1,732,792
------------
Total liabilities .................... 52,937,421
------------
EQUITY CAPITAL
Common stock ......................... 1,135,284
Surplus .............................. 731,319
Undivided profits and capital
reserves ........................... 2,721,258
Net unrealized holding gains
(losses) on available-for-sale
securities ......................... 1,948
Cumulative foreign currency transla-
tion adjustments ................... (12,272)
------------
Total equity capital ................. 4,577,537
------------
Total liabilities and equity capital.. $ 57,514,958
============
I, Robert E. Keilman, 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.
Robert E. Keilman
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. Renyi )
J. Carter Bacot ) Directors
Alan R. Griffith )
- --------------------------------------------------------------------------------