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The track was opened on June 10, by the Hollywood Turf Club  the racetrack was designed by noted racetrack architect Arthur Froehlich.
Its chairman was Jack L. Warner  of the Warner Bros. Prominent shareholders included Jack Warner's brother and fellow Warner Bros.
Hollywood Park closed from to due to World War II, where it was used as a storage facility. In , the grandstand and clubhouse were destroyed by a fire; the rebuilt facility reopened in In , the racetrack was extended from one mile 1.
By the late s the racetrack Hollywood Park, though frequented by celebrities, was near the point of bankruptcy. Also in , Hollywood Park Inc.
In May after the departure of the Rams for St. After the deal fell through the Raiders returned to Oakland, California.
Boomtown operated and owned casinos in several cities such as Las Vegas and New Orleans. Boomtown merged with the casino operator Pinnacle Entertainment in According to Bay Meadows officials, the continuation of Hollywood Park as a racing venue after that depended on California allowing more gambling, like slot machines, to the track.
Some of the Hollywood Park land was sold to real estate developers to build a new housing community called the Inglewood Renaissance. Development began in New grass was planted on the turf course after Hollywood Park's spring-summer meet in Due to safety concerns, however, turf racing was not conducted for that year's autumn meet.
As a result, several major stakes races that comprised Hollywood's Autumn Turf Festival were cancelled that year.
After the conclusion of Hollywood's spring-summer meet in , it was announced that a second chute would be built inside the turf course to accommodate sprint races at six furlongs.
This followed a similar move by Monmouth Park to build a turf chute for sprint races. In , Hollywood Park played host for the first time to Oak Tree.
The Hollywood Park Racing Association and Betfair US, the Los Angeles-based subsidiary of Betfair that also owns TVG Network , completed a historic agreement March 13, intended to transform the customer experience for fans at the venue as well as online and on television.
Under terms of the five-year deal, Hollywood Park was renamed "Betfair Hollywood Park in what was the first naming rights agreement for a horse racing venue in the United States.
On May 9, in a letter to employees, Hollywood Park president F. Jack Liebau announced that the track would be closing at the end of their fall racing season in In the letter, Liebau stated that the acres on which the track sits "now simply has a higher and better use", and that "in the absence of a favorable change in racing's business model, the ultimate development of the Hollywood property was inevitable".
It was expected that the track would be demolished and replaced by housing units, park land and an entertainment complex, while the casino would be renovated.
On December 22, at 6: The complex was demolished in to make way for a new residential complex. Louis Rams , purchased a acre parcel of land adjacent to the track property and The Forum with the intentions of building a National Football League stadium on the land.
On February 24, , the Inglewood City Council approved a plan to build an 70,seat football stadium on the site in anticipation of the St.
Louis Rams moving back to Los Angeles which was the team's previous home from until