Press Release
December 27, 2000
STAMFORD, CT -- World Wrestling Federation Entertainment, Inc. (NYSE:WWF) yesterday announced the sale of the WWF
Hotel and Casino located in Las Vegas, Nevada. The net proceeds from the sale are approximately $11.2 million and
are net of closing costs and other selling expenses.
The property was purchased in the second quarter of fiscal year 1999 and classified as an asset held for sale on
the balance sheet. The company expects to record a gain of approximately $1 million.
Forward-Looking Statements: This news release contains forward-looking statements which are subject to various
risks and uncertainties. These risks and uncertainties include the conditions of the markets for live events, broadcast
television, cable television, pay-per-view, Internet, food and beverage, entertainment, professional sports, and
licensed merchandise; acceptance of the Company's brands, media and merchandise within those markets; and other
risks and factors identified in the Company's Prospectus dated October 18,1999 and other documents filed with the
Securities and Exchange Commission. Actual results could differ materially from those currently anticipated.
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Contact:
Investors:
Thomas Gibbons, Vice President of Investor Relations
World Wrestling Federation, Inc.
203/328-2576
Media:
Judd Everhart, Director of Corporate Communications
World Wrestling Federation, Inc.
203/353-5066