Park Place Entertainment Fourth Quarter Conference Call Available On Web Site

Press Release
January 19, 2001
LAS VEGAS, NV -- Park Place Entertainment Corporation (NYSE:PPE) yesterday announced that its fourth quarter conference call, beginning at 10:00am PT (1:00pm ET) on January 23, 2001, will be available on its Web site www.parkplace.com, under the Investor Relations/Shareholder Info menu. The call will also be available in a listen-only format on a first-come first-serve basis by dialing 800/355-7995.

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