Stockbridge is in a joint venture with Rams owner Stan Kroenke to build the 300-acre mixed-use complex, which will include the stadium, shops, hotels, homes and two lakes. It had plans to redevelop the property into housing and shops before the current NFL stadium proposal was adopted. Stockbridge, a San Francisco land developer, purchased the complex in 2005 for nearly $260 million. The Louisville company, which operates the track where the Kentucky Derby is held, acquired the racetrack and casino complex in 1999.

The casino has had several owners over the years, including Churchill Downs. It was built at a cost of more than $20 million and initially owned by the Hollywood Park Operating Co., which also owned the race track. The Hollywood Park Casino opened its doors in 1994, near the Forum, home to the NBA Lakers, and the Hollywood Park racetrack.

“Everyone is raising their game,” Kumar said. In February, the San Manuel Band of Mission Indians also completed a nearly $50 million upgrade of the tribe’s casino in Highland, adding a new, larger high-limit room, an Asian-inspired gaming room and several new eateries and bars.Īnd it was announced this week that adult entertainment mogul Larry Flynt, who already owns the Hustler Casino in Gardena, bought the Normandie Casino, located less than a mile away. It added a glitzy 99-room hotel, a fitness center, an outdoor pool deck, a spa and restaurant. Hollywood Park Casino also hopes to meet the call of its rivals, such as the Bicycle Casino in Bell Gardens, which launched a $50-million overhaul last year. The larger casino will target big-spending football fans visiting the City of Champions Stadium to root on the Rams, the NFL team that has returned to Southern California after more than two decades away.

Hollywood park casino