Press Release
January 17, 2001
LAS VEGAS, NV -- Park Place Entertainment today announced that the potential buyer of the Las Vegas Hilton, Edward
Roski, failed to appear at the closing on Jan. 13, 2001.
Based on this failure, Roski and the LLC he formed to make this purchase are now in breach. Park Place Entertainment
intends to pursue its legal remedies and as previously indicated, will cease efforts to sell the property and continue
to operate it in the ordinary course.
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 2 million square feet of gaming space, over 28,000 hotel rooms and approximately 57,000 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
Matt Maddox, 702/699-5269