Park Place Entertainment (NYSE: PPE) reported today that Horst Dziura, president of the Flamingo Hilton Las Vegas, has retired. Mr. Dziura has been with the Company for over 30 years and has run the Flamingo Las Vegas since 1976.
“Horst is one of the longest serving property presidents in Las Vegas and has been a tremendous asset to me and the Company for many years. We are sorry to lose his talents and skills, but wish him the best of luck in his retirement,” said Arthur Goldberg, president and CEO of Park Place Entertainment.

Tony Santo, currently the president of the Reno Hilton and the Flamingo Reno, will assume Mr. Dziura`s position as president of the Flamingo Las Vegas. Mr. Dziura plans to stay on at the Flamingo to ensure a smooth and orderly transition.

A 19-year veteran with the Company, Santo formerly served as vice president and general manager of the Flamingo Hilton Las Vegas. Prior to his tenure at the Las Vegas property, Santo served as vice president and general manager of the Reno Hilton.

Rhett Long becomes the acting general manager of the Reno Hilton, where he is senior vice president of hotel operations, and Bill Wright will serve as acting general manager of the Flamingo Reno, where he is currently vice president of hotel operations.

Park Place Entertainment Corp. is the world`s largest gaming company, as measured by casino square footage and revenues, and the only casino gaming company with a leading presence in Nevada, New Jersey and Mississippi—the three largest gaming markets in the United States. Following the September opening of Paris Las Vegas, the Company will own or have an interest in 17 gaming properties located throughout the United States and in Australia and Uruguay, with a total of 1.4 million square feet of gaming space and approximately 23,000 hotel rooms.

In April, Park Place Entertainment entered into a definitive agreement to purchase Caesars and other gaming assets of Starwood Hotels & Resorts. The transaction is scheduled to close in the fourth quarter of 1999, pending regulatory approval.

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