Park Place Issues Statement On Federal Court Decision Dismissing Rivalå‘s Claims In Catskill C

Park Place Entertainment Corporation (NYSE: PPE) today issued the following statement regarding the decision of U.S. District Court Judge Colleen McMahon granting summary judgment and dismissing all claims that the company improperly interfered with a competitor’s attempts to develop a casino with the Saint Regis Mohawk Tribe in New York’s Catskill Mountains.

The decision against Catskill Development, L.L.C., Monticello Raceway Development Company, L.L.C. and Mohawk Management, L.L.C. was handed down today in White Plains, New York.

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

“We’re delighted by today’s federal court decision, which vindicates in unambiguous terms the position that Park Place has taken from the beginning: Our dealings with the Saint Regis Mohawk Tribe were fair, proper and above board.
“Park Place will continue to work with the Tribe to achieve the goal of creating 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.”