Park Place to Present at Goldman, Sachs & Co. Lodging, Gaming, Restaurant & Leisure Conference

LAS VEGAS, June 4, 2002 - Park Place Entertainment Corporation (NYSE: PPE) will present at the Goldman, Sachs & Co. Lodging, Gaming, Restaurant & Leisure Conference on Wednesday, June 5th at 8 a.m. (EDT) at the Marriott Eastside, 525 Lexington Avenue, New York City.
Presentation materials for the conference will be available tomorrow following the presentation at the Investor Relations section of the Park Place website at www.parkplace.com.


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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