EX-25.1 7 d308490dex251.htm STATEMENT OF ELIGIBILITY Statement of Eligibility

Exhibit 25.1

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

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 MELLON

TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 

 

 

  95-3571558

(Jurisdiction of incorporation

if not a U.S. national bank)

 

(I.R.S. employer

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

incorporation or organization)

 

(I.R.S. employer

identification no.)

TABLE OF ADDITIONAL REGISTRANTS

 

Exact Name of Registrant as Specified in its Charter

   State or Other
Jurisdiction of
Incorporation or
Organization
   I.R.S. Employer
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 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 (Ohio), LLC

   Ohio    27-3970406

PNK (Ohio) II, LLC

   Ohio    36-4701883

PNK (Ohio) III, LLC

   Ohio    32-0344828

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

PSW PROPERTIES LLC

   Delaware    None

Yankton Investments, LLC

   Nevada    83-0445853

 

8918 Spanish Ridge Avenue

Las Vegas, Nevada

  89148
(Address of principal executive offices)   (Zip code)

 

 

Senior Subordinated Debt Securities

and Guarantees of Senior Subordinated Debt Securities

(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

Comptroller of the Currency

United States Department of the Treasury

   Washington, DC 20219
Federal Reserve Bank    San Francisco, CA 94105
Federal Deposit Insurance Corporation    Washington, DC 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.

 

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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 27th day of February, 2012.

 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
By:  

/s/ Teresa Petta

Name:   Teresa Petta
Title:   Vice President

 

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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 December 31, 2011, 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

     648   

Interest-bearing balances

     396   

Securities:

  

Held-to-maturity securities

     0   

Available-for-sale securities

     808,707   

Federal funds sold and securities purchased under agreements to resell:

  

Federal funds sold

     95,500   

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)

     7,620   

Other real estate owned

     0   

Investments in unconsolidated subsidiaries and associated companies

     1   

Direct and indirect investments in real estate ventures

     0   

Intangible assets:

  

Goodwill

     856,313   

Other intangible assets

     187,688   

Other assets

     175,314   
  

 

 

 

Total assets

   $ 2,132,187   
  

 

 

 

 

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LIABILITIES

  

Deposits:

  

In domestic offices

     506   

Noninterest-bearing

     506   

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

     228,471   

Total liabilities

     497,668   

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 available

  

Retained earnings

     506,347   

Accumulated other comprehensive income

     5,652   

Other equity capital components

     0   

Not available

  

Total bank equity capital

     1,634,519   

Noncontrolling (minority) interests in consolidated subsidiaries

     0   

Total equity capital

     1,634,519   
  

 

 

 

Total liabilities and equity capital

     2,132,187   
  

 

 

 

I, Karen Bayz, CFO and 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        )             CFO and 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.

 

Timothy Vara, President    )
Frank P. Sulzberger, MD    )            Directors(Trustees)
William D. Lindelof, MD    )

 

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