Park Place Entertainment Corporation (NYSE:PPE) today announced that its fourth quarter conference call for investors will be held on Thursday, February 6, 2003 at 11:00 a.m. EST (8:00 a.m. PST). Domestic participants may access the call by dialing 1-877-226-4294. International participants may call 1-706-643-0366.  A live audio feed also will be available on the company Web site, www.parkplace.com, in the Investor Relations section.

A replay of the conference call will be available beginning February 6 at 2 p.m. EST through February 13 at 11:59 p.m. EST by dialing 800-642-1687 or, for international callers, 706-645-9291. The reservation number is 7444452.  The replay of the call also may be accessed through the company Web site in the Investor Relations section.

Park Place Entertainment owns, manages or has an interest in 27 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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