Harrah's Closes Reno Hilton Sale - Saturday 24th of June 2006

LAS VEGAS Harrah's Entertainment, Inc. (NYSE:HET) said today that the previously announced sale of the Reno Hilton hotel-casino to Grand Sierra Resort Corp., and certain gaming assets to an affiliate of the Navegante Group, has closed.

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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