EX-25.1 17 v56631orexv25w1.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.)

 


 

ACE Gaming, LLC
(Exact name of obligor as specified in its charter)
     
New Jersey
  54-2131351 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
AREH MLK LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  None
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
AREP Boardwalk Properties LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  26-4464389 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Belterra Resort Indiana, LLC
(Exact name of obligor as specified in its charter)
     
Nevada
  93-1199012 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
BILOXI CASINO CORP.
(Exact name of obligor as specified in its charter)
     
Mississippi
  64-0814408 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 2 -


 

Boomtown, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  94-3044204 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Casino Magic Corp.
(Exact name of obligor as specified in its charter)
     
Minnesota
  64-0817483 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Casino One Corporation
(Exact name of obligor as specified in its charter)
     
Mississippi
  64-0814345 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Louisiana-I Gaming, a Louisiana Partnership in Commendam
(Exact name of obligor as specified in its charter)
     
Louisiana
  72-1238179 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Mitre Associates LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  None
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 3 -


 

OGLE HAUS, LLC
(Exact name of obligor as specified in its charter)
     
Indiana
  31-1672109 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (Baton Rouge) Partnership
(Exact name of obligor as specified in its charter)
     
Louisiana
  72-1246016 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (BOSSIER CITY), INC.
(Exact name of obligor as specified in its charter)
     
Louisiana
  64-0878110 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (CHILE 1), LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  51-0553578 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (CHILE 2), LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  51-0553581 
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 4 -


 

PNK Development 7, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  20-4328580
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK Development 8, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  20-4486902
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK Development 9, LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  20-4328766
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK Development 13, LLC
(Exact name of obligor as specified in its charter)
     
New Jersey
  20-4330677
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (ES), LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  51-0534293
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 5 -


 

PNK (LAKE CHARLES), L.L.C.
(Exact name of obligor as specified in its charter)
     
Louisiana
  02-0614452
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (Reno), LLC
(Exact name of obligor as specified in its charter)
     
Nevada
  88-0101849
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (River City), LLC
(Exact name of obligor as specified in its charter)
     
Missouri
  20-4330736
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (SCB), L.L.C.
(Exact name of obligor as specified in its charter)
     
Louisiana
  72-1233908
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PNK (ST. LOUIS RE), LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  51-0553585
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 6 -


 

PNK (STLH), LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  51-0553583
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
President Riverboat Casino-Missouri, Inc.
(Exact name of obligor as specified in its charter)
     
Missouri
  43-1525395
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
PSW PROPERTIES LLC
(Exact name of obligor as specified in its charter)
     
Delaware
  None
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
St. Louis Casino Corp.
(Exact name of obligor as specified in its charter)
     
Missouri
  64-0836600
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)
Yankton Investments, LLC
(Exact name of obligor as specified in its charter)
     
Nevada
  83-0445853
(State or other jurisdiction of
  (I.R.S. employer
incorporation or organization)
  identification no.)

- 7 -


 

     
8918 Spanish Ridge Avenue
   
Las Vegas, Nevada
  89148 
(Address of principal executive offices)
  (Zip code)
 
8.75% Senior Subordinated Notes due 2020
and Guarantees of 8.75% Senior Subordinated Notes due 2020
(Title of the indenture securities)

- 8 -


 

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).

- 9 -


 

  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.

- 10 -


 

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 14th day of July, 2010.
         
  THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.
 
 
  By:   /S/ RAYMOND TORRES    
  Name:   RAYMOND TORRES   
  Title:   SENIOR ASSOCIATE   
 

- 11 -


 

EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
of 700 South Flower Street, Suite 200, Los Angeles, CA 90017
     At the close of business March 31, 2010, published in accordance with Federal regulatory authority instructions.
         
    Dollar Amounts  
    in Thousands  
ASSETS
       
 
       
Cash and balances due from depository institutions:
       
Noninterest-bearing balances and currency and coin
    1,504  
Interest-bearing balances
    288  
Securities:
       
Held-to-maturity securities
    12  
Available-for-sale securities
    581,259  
Federal funds sold and securities purchased under agreements to resell:
       
Federal funds sold
    113,000  
Securities purchased under agreements to resell
    0  
Loans and lease financing receivables:
       
Loans and leases held for sale
    0  
Loans and leases, net of unearned income
    0  
LESS: Allowance for loan and lease losses
    0  
Loans and leases, net of unearned income and allowance
    0  
Trading assets
    0  
Premises and fixed assets (including capitalized leases)
    10,486  
Other real estate owned
    0  
Investments in unconsolidated subsidiaries and associated companies
    2  
Direct and indirect investments in real estate ventures
    0  
Intangible assets:
       
Goodwill
    856,313  
Other intangible assets
    237,642  
Other assets
    166,465  
 
     
Total assets
  $ 1,966,971  
 
     

 


 

         
    Dollar Amounts  
    in Thousands  
LIABILITIES
       
 
       
Deposits:
       
In domestic offices
    533  
Noninterest-bearing
    533  
Interest-bearing
    0  
Not applicable
       
Federal funds purchased and securities sold under agreements to repurchase:
       
Federal funds purchased
    0  
Securities sold under agreements to repurchase
    0  
Trading liabilities
    0  
Other borrowed money:
       
(includes mortgage indebtedness and obligations under capitalized leases)
    268,691  
Not applicable
       
Not applicable
       
Subordinated notes and debentures
    0  
Other liabilities
    210,010  
Total liabilities
    479,234  
Not applicable
       
 
       
EQUITY CAPITAL
       
 
       
Perpetual preferred stock and related surplus
    0  
Common stock
    1,000  
Surplus (exclude all surplus related to preferred stock)
    1,121,520  
Not applicable
       
Retained earnings
    364,077  
Accumulated other comprehensive income
    1,140  
Other equity capital components
    0  
Not available
       
Total bank equity capital
    1,487,737  
Noncontrolling (minority) interests in consolidated subsidiaries
    0  
Total equity capital
    1,487,737  
 
     
Total liabilities and equity capital
    1,966,971  
 
     
     I, Karen Bayz, Managing Director of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.
     Karen Bayz      )      Managing Director
     We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date 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 appropriate Federal regulatory authority and is true and correct.
         
Troy Kilpatrick, President
  )    
Frank P. Sulzberger, MD
  )   Directors (Trustees)
William D. Lindelof, MD
  )