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of the Year by Nevada State AFL-CIO; Award Cites Leadership of CEO Wallace R. Barr |
| LAS VEGAS - Aug. 28, 2003 -- Park Place Entertainment
Corporation (NYSE: PPE), which employs nearly 22,000 associates at its
eight Nevada casino resorts, has been named Employer of the Year by the
Nevada State AFL-CIO.
The award, announced this week during the labor federation's 47th annual constitutional convention at the Reno Hilton, in Reno, Nevada, cited the leadership of Park Place President and Chief Executive Officer Wallace R. Barr, who personally intervened to help resolve the casino resort industry's contract negotiations with the Culinary Union in May 2002. The Bill Bennett Employer of the Year Award has been presented annually for 18 years by the state labor organization. The honor is named for the Las Vegas casino pioneer known for his honest and cooperative relationships with organized labor and for his generosity to workers in need. Barr is the first gaming executive individually cited in the award presentation since Bennett originally was honored in 1985. Nevada Governor Kenny Guinn and Nevada State AFL-CIO Executive Secretary Treasurer Danny L. Thompson presented the award, which was determined by vote of delegates attending the convention. "The Nevada State AFL-CIO represents 165,000 working families in Nevada," said Thompson. "On behalf of these families, we are honored to recognize Wallace Barr and Park Place as our Employer of the Year. The relationship of trust, dignity and mutual respect between labor and management at Park Place is an example that all employers would be well served to follow." Said Guinn: "I've known Wally for years, and this award is well-deserved." Accepting the award for Barr was Tim Maland, President of Reno Hilton, a Park Place resort. Later, Barr said, "I'm deeply honored to accept this award on behalf of a company that always has put a premium on maintaining strong relationships with its hard-working associates and the labor unions that represent them. At Park Place, we've tried to make respect and candor the cornerstones of our labor policy. We're very appreciative of the respect we've received in return from the leaders of the organized labor movement." Barr was nominated for the award by AFL-CIO officer Mike Magnani, Secretary-Treasurer of the International Brotherhood of Teamsters Local 995 in consultation with the leaders of Culinary Workers Union Local 226 and Operating Engineers Local 3. Park Place Entertainment Corporation (NYSE: PPE) is one of the world's leading gaming companies. Park Place owns, manages or has an interest in 29 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 54,000 employees worldwide. The company has announced plans to change its name to Caesars Entertainment, Inc., effective in January 2004, pending shareholder approval. This press release contains "forward-looking statements" within the meaning of the federal securities law, which are intended to qualify for the safe harbor from liability provided thereunder. |
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| Contact:
Park Place, Las Vegas
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