Park Place Third Quarter Conference

Park Place Entertainment Corporation (NYSE:PPE) today announced that its third quarter conference call for investors will be held on Thursday, October 24 at 2 p.m. EDT (11 a.m. PDT). The call can be accessed by dialing 1-877-226-4294 or for international participants, 1-706-643-0366. Parties who want to listen to the conference call on the Internet may do so at the company`s web site, www.parkplace.com, in the Investor Relations section behind the Shareholder Info tab.

A replay of the conference call will be available beginning October 24 at 5 p.m. EDT through October 31 at 11:59 p.m. EDT by dialing 800-642-1687 or, for international callers, 706-645-9291. The reservation number is 6078081.

Park Place Entertainment owns, manages or has an interest in 28 gaming properties operating under the Bally`s, Caesars, Flamingo, Grand Casinos, Hilton and Paris brands with a total of approximately two million square feet of gaming space, 29,000 hotel rooms and 55,000 employees worldwide.

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