Press Release: Park Place Entertainment
November 12, 2001
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 7.50% Senior Notes due 2009 (the ``Old Notes'') for 7.50%
Senior Notes due 2009 (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 November 9, 2001, has been extended until 5:00
p.m., New York City time, on November 15, 2001.
Tenders with respect to approximately $424 million aggregate principal amount of the Old Notes, out of a total
of $425 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 October 12, 2001 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 Caesars, Bally's, Paris, Flamingo, Grand and Hilton brand names with a total of
approximately 2 million square feet of gaming space, 29,000 hotel rooms and approximately 60,000 employees worldwide.
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Contact:
Park Place Entertainment, Las Vegas
Matt Maddox, 702/699-5269