EX-25.1 12 v55578exv25w1.htm EX-25.1 exv25w1
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) o
 
THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
     
    95-3571558
(State of incorporation   (I.R.S. employer
if not a U.S. national bank)   identification no.)
     
700 South Flower Street    
Suite 500    
Los Angeles, California   90017
(Address of principal executive offices)   (Zip code)
 
Pinnacle Entertainment, 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.)
     
3800 Howard Hughes Parkway    
Las Vegas, Nevada   89169
(Address of principal executive offices)   (Zip code)
85/8 Senior Notes due 2017
and Guarantees of 85/8 Senior Notes due 2017
(Title of the indenture securities)
 

 


 

ADDITIONAL REGISTRANTS
         
    State or Other    
    Jurisdiction of    
Exact Name of Registrant   Incorporation or   I.R.S. Employer
as Specified in its Charter   Organization   Identification Number
ACE Gaming, LLC
  New Jersey   54-2131351
AREH MLK LLC
  Delaware   None
AREP Boardwalk Properties LLC
  Delaware   26-4464389
Belterra Resort Indiana, LLC
  Nevada   93-1199012
BILOXI CASINO CORP.
  Mississippi   64-0814408
Boomtown, LLC
  Delaware   94-3044204
Casino Magic Corp.
  Minnesota   64-0817483
Casino One Corporation
  Mississippi   64-0814345
Louisiana-I Gaming, a Louisiana Partnership in Commendam
  Louisiana   72-1238179
Mitre Associates LLC
  Delaware   None
OGLE HAUS, LLC
  Indiana   31-1672109
PNK (Baton Rouge) Partnership
  Louisiana   72-1246016
PNK (BOSSIER CITY), INC.
  Louisiana   64-0878110
PNK (CHILE 1), LLC
  Delaware   51-0553578
PNK (CHILE 2), LLC
  Delaware   51-0553581
PNK Development 7, LLC
  Delaware   20-4328580
PNK Development 8, LLC
  Delaware   20-4486902
PNK Development 9, LLC
  Delaware   20-4328766
PNK Development 13, LLC
  New Jersey   20-4330677
PNK (ES), LLC
  Delaware   51-0534293
PNK (LAKE CHARLES), L.L.C.
  Louisiana   02-0614452
PNK (Reno), LLC
  Nevada   88-0101849
PNK (River City), LLC
  Missouri   20-4330736
PNK (SCB), L.L.C.
  Louisiana   72-1233908
PNK (ST. LOUIS RE), LLC
  Delaware   51-0553585
PNK (STLH), LLC
  Delaware   51-0553583
President Riverboat Casino-Missouri, Inc.
  Missouri   43-1525395
PSW PROPERTIES LLC
  Delaware   None
St. Louis Casino Corp.
  Missouri   64-0836600
Yankton Investments, LLC
  Nevada   83-0445853

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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
 
Comptroller of the Currency United States Department of the Treasury
  Washington, D.C. 20219
 
   
Federal Reserve Bank
  San Francisco, California 94105
 
   
Federal Deposit Insurance Corporation
  Washington, D.C. 20429
  (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 articles of association of The Bank of New York Mellon Trust Company, N.A., formerly known as The Bank of New York Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948 and Exhibit 1 to Form T-1 filed with Registration Statement No. 333-152875).
 
  2.   A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).
 
  3.   A copy of the authorization of the trustee to exercise corporate trust powers (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-152875).

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  4.   A copy of the existing by-laws of the trustee (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-162713).
 
  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. 333-152875).
 
  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.

- 4 -


 

SIGNATURE
     Pursuant to the requirements of the Act, the trustee, The Bank of New York Mellon Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles, and State of California, on the 24th day of March 2010.
         
  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
 
 
  By:   /s/ MELONEE YOUNG    
  Name:   MELONEE YOUNG   
  Title:   VICE PRESIDENT   
 

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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON
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, 2009, 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 In Thousands
ASSETS
       
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
    2,971,000  
Interest-bearing balances
    58,139,000  
Securities:
       
Held-to-maturity securities
    4,414,000  
Available-for-sale securities
    48,838,000  
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold in domestic offices
    85,000  
Securities purchased under agreements to resell
    51,000  
Loans and lease financing receivables:
       
Loans and leases held for sale
    38,000  
Loans and leases, net of unearned income
    25,990,000  
LESS: Allowance for loan and lease losses
    475,000  
Loans and leases, net of unearned income and allowance
    25,515,000  
Trading assets
    4,711,000  
Premises and fixed assets (including capitalized leases)
    1,057,000  
Other real estate owned
    4,000  
Investments in unconsolidated subsidiaries and associated companies
    915,000  
Direct and indirect investments in real estate ventures
    0  
Intangible assets:
       
Goodwill
    4,991,000  
Other intangible assets
    1,471,000  
Other assets
    11,075,000  
 
       
Total assets
    164,275,000  
 
       

 


 

         
    Dollar Amounts In Thousands
LIABILITIES
       
Deposits:
       
In domestic offices
    60,985,000  
Noninterest-bearing
    30,587,000  
Interest-bearing
    30,398,000  
In foreign offices, Edge and Agreement subsidiaries, and IBFs
    73,119,000  
Noninterest-bearing
    2,527,000  
Interest-bearing
    70,592,000  
Federal funds purchased and securities sold under agreements to repurchase:
       
Federal funds purchased in domestic offices
    2,043,000  
Securities sold under agreements to repurchase
    11,000  
Trading liabilities
    5,570,000  
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)
    1,249,000  
Not applicable
       
Not applicable
       
Subordinated notes and debentures
    3,490,000  
Other liabilities
    4,071,000  
 
       
Total liabilities
    150,538,000  
 
       
 
       
EQUITY CAPITAL
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,135,000  
Surplus (exclude all surplus related to preferred stock)
    8,499,000  
Retained earnings
    5,404,000  
Accumulated other comprehensive income
    -1,665,000  
Other equity capital components
    0  
Total bank equity capital
    13,373,000  
Noncontrolling (minority) interests in consolidated subsidiaries
    364,000  
Total equity capital
    13,737,000  
 
       
Total liabilities and equity capital
    164,275,000  
 
       

 


 

     I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
     Thomas P. Gibbons,
Chief Financial Officer
     We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.
           
 
   
 
     
Gerald L. Hassell
 
 
     
Robert P. Kelly
        Directors
Catherine A. Rein