Park Place Entertainment Announces Senior Vice President Thomas Brosig To Realign Duties

Park Place Entertainment Corp. (NYSE: PPE) today announced that Thomas J. Brosig, 52, senior vice president of administration, will be realigning his corporate duties, effective June 1. The new arrangement will permit Brosig to spend half of his time developing Center Circle, a non-profit camp for troubled boys located near Gulfport, Miss., and half of his time continuing to lead the development team for Park Place’s gaming resort project with the St. Regis Mohawk Tribe in New York State’s Catskill Mountains, 90 miles north of New York City. The announcement was made jointly by Brosig and Thomas E. Gallagher, president and chief executive officer of Park Place Entertainment, which owns, manages or has an interest in 29 gaming resorts operating under the Caesars, Bally’s, Paris, Flamingo, Grand Casinos and Hilton brands.
“Tom wants to put the brakes on what is unquestionably a brilliant business career to do something that’s important to him,” Gallagher said. “It truly defines him as a person. I visited Center Circle with Tom two weeks ago. It’s a wonderful project. He has my personal support, and the full backing of Park Place Entertainment. We will re-assign some of his corporate duties to make this possible for him and for the community.”


Park Place also will provide a $50,000 grant to help develop Center Circle, a therapeutic alternative to the conventional juvenile justice system, serving Southern Mississippi community youth. Brosig is the founder of Center Circle, and contributed $1.7 million of his personal funds to develop the facility over the last five years. Center Circle opened in February 2001.


The 85-acre camp, which features a seven-acre manmade lake, is a developmental/ educational center for boys aged 8 to 13 who have run afoul of the criminal justice system. Designed to resemble the fictional city of Mayberry, as featured in the old Andy Griffith television series, Center Circle is a nurturing community that builds life, work, educational and physical skills for boys. The facility incorporates a parent program and follow-up/after-care program.


“Years ago, I committed my money. Now, I’m committing my time to what I believe is the most significant thing I could ever do with my life,” said Brosig. “I am so proud to be part of a company that will allow me to do this, and I will forever be grateful to Park Place and Tom Gallagher. Center Circle is just too important to put on the back burner,” Brosig said. “We’re already seeing tremendous results from our early efforts, and, with the community’s support, there is no question that we can make a difference in the lives of troubled youth. I’m really pleased that we have found a way for me to do this and also allow me to continue my commitment to lead our efforts on the Catskills project in New York. That project has tremendous community benefits for Sullivan County as well as for the Mohawk Tribe and is a great opportunity for Park Place.”


One of the founders of Grand Casinos in 1990, Brosig began working with the Park Place management team subsequent to the January 1999 merger of Grand Casinos and Park Place Entertainment. From January 1999 to January 2001, Brosig served as president of Park Place’s Mid-South region, responsible for the operation of seven casino/resorts, while headquartered in Gulfport, Miss.

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In his new arrangement, Brosig will split his time between Center Circle in Mississippi and the Company’s Chatham, NJ office working on the Catskills project.


Brosig has been a very active community leader. A founding member of the Mississippi Council on Compulsive Gambling, he is a charter member of the National Center for Responsible Gaming, where he also serves as a member of the board of directors. He is a member of the United Way of Southern Mississippi’s Leadership Board. Brosig serves on the Fordham University School of Business Administration’s Advisory Board (his alma mater) and the University of Southern Mississippi’s College of Business Administration’s Business Advisory Council. He formerly served as a board member of Junior Achievement of the Upper Midwest and OICs of America, an organization devoted to alternative education programs for inner-city children.


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