Harrah's Plans $485 Million Expansion - Saturday 29th of April 2006

LAS VEGAS With a vision of creating Chicagoland's largest gaming entertainment destination, Harrah's Entertainment, Inc. (NYSE:HET) today announced plans for a $485 million renovation and expansion of its Horseshoe Casino in Hammond, Ind.

Pending receipt of required regulatory approvals, Harrah's plans to build a two-level entertainment vessel, featuring a 108,000-square-foot casino on the first level more than double the size of the Horseshoe's existing casino. The second level of the vessel will include a 2,500-seat multi-purpose theater and a spectacular buffet that will carry on the Horseshoe's reputation of offering exceptional, abundant dining experiences.

"Chicagoland is one of America's largest and most vibrant gaming markets. It deserves a gaming experience that rivals those found on the Las Vegas Strip or the Atlantic City Boardwalk," said Anthony Sanfilippo, president of Harrah's Central Division. "The Horseshoe has a long and rich tradition of making things right for the gambler. Our dedicated employees at Horseshoe Hammond will take this tradition to a new level, offering Chicagoland customers a comfortable, welcoming gaming experience."

Design work on the project has already begun, with completion tentatively scheduled for mid-2008.

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.

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