LAS VEGAS, June 18, 2002 - Park Place Entertainment Corporation (NYSE: PPE), the world’s largest gaming company, today issued the following statement regarding the Department of Interior’s decision to grant “final” recognition to the “three chiefs” government as the sole legitimate governing authority of the Saint Regis Mohawk Tribe.

The statement should be attributed to Park Place Executive Vice President and Chief Legal Officer Kim Sinatra.

“We’re pleased that the Department of the Interior has, in a letter dated June 5, strongly reaffirmed the legal authority and legitimacy of the ‘three chiefs’ government of the Saint Regis Mohawk Tribe, a government that has been endorsed at the polls by Tribal members on four separate occasions.

“For the past two years, Park Place has worked closely and in good faith with the Tribal Council chiefs to help the Tribe achieve its goal of building a world-class casino resort in New York’s Catskill Mountains - a resort that will bring economic opportunity to the Tribe and economic development to the region. The Interior Department’s decision is good news for the Tribe and for the people of Sullivan County.”

Park Place Entertainment is the world’s largest gaming company. Park Place owns, manages or has an interest in 28 gaming properties operating under the Caesars, Bally’s, Flamingo, Grand Casinos, Hilton and Paris brand names with a total of approximately two million square feet of gaming space, more than 28,000 hotel rooms and 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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