Latin Chamber of Commerce to Honor Park Place with ‘Award of Distinction’;...

Latin Chamber of Commerce to Honor Park Place with ‘Award of Distinction’; Award Recognizes Casino Company’s Support of the Latin Community



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LAS VEGAS–(HISPANIC PR WIRE – BUSINESS WIRE)–Sept. 10, 2003–The Latin Chamber of Commerce of Nevada announced today it will present its “Corporate Award of Distinction” to Park Place Entertainment Corporation (NYSE:PPE), one of the world’s leading gaming companies.

Park Place was selected for the honor in recognition of its commitment to “give back to the communities in which its casino resorts are located, and its demonstrated desire to improve the quality of life for Hispanics in Nevada,” said Otto Merida, executive director of the Latin Chamber.

Park Place will receive the award at the Latin Chamber’s 2003 Community Awards Dinner in Las Vegas on September 12, 2003.

“Park Place has been a leader in its involvement with the Latin Chamber and its contributions to the Hispanic community. This award is well deserved,” Merida added.

“Park Place is honored to receive this award,” said Park Place President and Chief Executive Officer Wallace R. Barr. “As a company, we put a strong emphasis on creating significant career and personal growth opportunities for all the members of our diverse workforce.

“We have partnered with the Latin Chamber because we recognize the tremendous progress the organization has made in expanding economic, educational and other opportunities for our Hispanic community. Park Place is proud to invest in the services and organizations our neighbors need most.”

In the past year, Park Place and the Park Place Foundation have provided funding and support in excess of $130,000 to organizations providing services to the Hispanic community.

The Park Place Foundation awarded a $67,000 grant to the Nevada Association of Latin Americans (NALA), the state’s oldest Hispanic Services agency. NALA provides services and advocacy in areas from affordable child care and senior services to emergency rental assistance and legal referrals. Park Place’s contribution, in support of NALA’s job training program, was the largest private grant in the organization’s history.

Park Place also supported the important efforts of the Immigrant Workers Citizenship Project through a $25,000 contribution. The Citizenship Project has directly helped hundreds of people become U.S. citizens.

In addition to these grants, Park Place gave $35,000 to the Latin Chamber of Commerce for its building fund, scholarships, and youth programs. Park Place was also the first Gold Sponsor of the Chamber’s newest and highly successful community education and job fair expo, La Oportunidad EXPO.

Park Place Entertainment 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.

The mission of the Latin Chamber of Commerce of Nevada is to develop, advance, and promote Hispanics in business, and to enhance the economic, political, educational, and cultural interests of Hispanics in the state. In addition to serving the broader community, the Chamber represents the interests of more than 1,100 members in Southern Nevada.

To further its mission, the Latin Chamber of Commerce serves as an information source on Hispanic businesses and the Hispanic market; promotes the economic growth and development of the Hispanic community; and helps advance issues that affect Hispanics and small businesses throughout the state.

The Chamber sponsors monthly luncheons, produces a membership directory and periodic newsletters, and maintains a website ( http://www.LasVegasLatinCC.com ) to keep members informed of programs, services, and issues of importance to the Hispanic business community. Additionally, the Latin Chamber serves as a source of referrals to meet the needs of the growing Hispanic market. The Latin Chamber of Commerce is committed to impacting the social and political fabric of Southern Nevada through the economic empowerment of its members and the broader Hispanic community.

Over the past quarter century, the Latin Chamber of Commerce has played a constructive and positive role in the Las Vegas Community. The Chamber has awarded college scholarships totaling more than $500,000 dollars to Latino students, sponsored an annual Latino Youth Leadership Program that is educating the next generation of leaders, has benefited hundreds of individuals through employment referrals, and has enhanced trade and business with the Hispanic community through business forums like the new and highly successful “La Oportunidad EXPO” and job fair.

For more information about the Latin Chamber of Commerce, please contact Otto Merida, executive director, at (702) 385-7367 or visit the Latin Chamber’s website at http://www.LasVegasLatinCC.com.

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CONTACT:

Latin Chamber of Commerce of Nevada

Otto Merida, 702-385-7367

Latin Chamber of Commerce to Honor Park Place with ‘Award of Distinction’; Award Recognizes Casino Company’s Support of the Latin Community