Park Place Names Karlos LaSane AVP Of Government Affairs

LAS VEGAS, March 12, 2003 - Park Place Entertainment Corporation (NYSE: PPE), the world`s premier gaming company, today named community affairs executive Karlos R. LaSane II as assistant vice president of government affairs.

A 20-year veteran of the casino resort industry, LaSane currently serves as director of community affairs for the company`s New Jersey properties. In his new role, LaSane will be responsible for representing the interests of Park Place`s casino resorts at the local, county and state levels.

“Karlos repeatedly has demonstrated his ability to quickly grasp the issues that confront the communities in which Park Place and its employees live and work - and his equally impressive talent for finding and implementing solutions to the problems our communities face,” said Park Place Senior Vice President and General Counsel Bernard E. DeLury.

“Karlos is a skilled mediator and negotiator who makes it his business to look at an issue from all sides. We`re very pleased that he`ll be putting his considerable expertise to work for us in Nevada,” DeLury added. LaSane will report to DeLury.

In his role as director of community affairs for Park Place`s New Jersey properties - Bally`s Atlantic City, Caesars Atlantic City and the Atlantic City Hilton - LaSane has worked closely with New Jersey`s top officials, including the governor, state legislators, leaders of local and regional Chambers of Commerce and business advocates.

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LaSane joined Park Place following the company`s 2001 acquisition of the Claridge Casino in Atlantic City. During his career at the Claridge, LaSane held the positions of Equal Employment Opportunity Manager, Executive Assistant to the CEO/Chairman of the Board, and Director of Marketing Communications.

LaSane served as a member of the New Jersey Development Authority (NJDA) for small businesses, minorities and women-owned enterprises from 1998 to 2003, and on the state`s Casino Reinvestment Development Authority (CRDA) from 1998 to 2002.
He currently is Chairman of the Casino Relations/Tourism Committee for the Southern New Jersey Development Council and Chairman of the Atlantic City Arts Center. He also is a trustee on the boards of the New Jersey Council on Compulsive Gaming, The Atlantic/Cape Community College Foundation, the New Jersey Arts and Business Partnership Legislative Committee, Allen Community Life Center, the Atlantic County Alliance for the Prevention of Drug and Alcohol Abuse, the Kentucky Avenue Renaissance Foundation, the Atlantic County Tourism Board, the National Conference for Community and Justice - Atlantic County Chapter and the Atlantic City Convention and Visitors Authority Multicultural Advisory Committee.

LaSane is the recipient of the Whitney M. Young, Jr. Award, Jersey Shore Boy Scouts of America; the Atlantic City Hall of Fame Award; the Outstanding Volunteer Service Award from the Mid-Atlantic Center for the Arts; the FDR Community Service Award from the March of Dimes and the Encore Award from the South Jersey Cultural Alliance and the Atlantic City Arts Center.

A graduate of Rhode Island College and Atlantic Cape Community College, LaSane also attended the Cornell University School of Industrial and Labor Relations and Brown University.

ark Place Entertainment owns, manages or has an interest in 27 gaming properties operating under the Caesars, Bally`s, Flamingo, Grand Casinos, Hilton and Paris brand names 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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