Press Release: Park Place Entertainment
June 10, 2002
LAS VEGAS, NV -- Park Place Entertainment Corporation (NYSE:PPE) announced Friday that its pending offer to exchange
(the "Exchange Offer") any and all of its outstanding 7 7/8% Senior Subordinated Notes due 2010 (the
"Old Notes") for 7 7/8% Senior Subordinated Notes due 2010 (the "Exchange Notes") that have
been registered under the Securities Act of 1933, as amended, currently scheduled to expire at 5:00 p.m. (New York
City Time) on June 7, 2002, has been extended until 5:00 p.m. (New York City Time) on June 14, 2002.
Tenders with respect to approximately $369 million aggregate principal amount of the Old Notes, out of a total
of $375 million aggregate principal amount eligible to participate in the exchange have been received to date.
This announcement is not an offer to exchange or a solicitation of an offer to exchange, with respect to the Old
Notes. The Exchange Offer is being made solely by the Prospectus dated April 29, 2002 and the Exchange Offer, as
extended hereby, remains subject to the terms and conditions stated therein.
Park Place Entertainment is the world's largest gaming company and owns, manages or has an interest in 28 gaming
properties operating under the Bally's, Caesars, Paris, Flamingo, Grand and Hilton brand names with a total of
approximately two million square feet of gaming space, more than 28,000 hotel rooms and approximately 55,000 employees
worldwide.
Additional information on Park Place Entertainment can be accessed through the Company's 24-hour investor relations
service. Individuals may call toll-free 877-PPE-NYSE (877-773-6973) or visit www.parkplace.com
to obtain the latest company news and stock price information, or to request information by email, fax or postal
mail delivery.
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Contact:
Park Place Entertainment
Harry Hagerty, 702/699-5030