Harrah's Entertainment Announces About $1 Billion Expansion Of C

Luxury Hotel Tower, Convention/Catering Facilities, Pools and Lavish Suites Highlight Resort Expansion

Harrah's Entertainment, Inc., (NYSE:HET) today announced an approximately $1 billion expansion of Caesars Palace in Las Vegas, a key initiative in the development of the company's renowned Caesars brand. This expansion is another project in the extensive growth portfolio announced in the past 24 months by Harrah's, including:, London Clubs International, Margaritaville Casino & Resort in Biloxi, Miss., The Pier at Caesars Atlantic City, a new hotel tower at Harrah's Atlantic City, a new hotel at Harrah's New Orleans, and a substantial expansion to the Horseshoe Casino in Hammond, Ind.

The center piece of the expansion is the luxurious new 665-room hotel tower the Octavius Tower. The Octavius Tower will be located adjacent to a new 263,000-square-foot meeting and convention center. Three new luxurious pool villa suites will be built along the second floor of the new tower and will overlook three new swimming pools that will rim an expanded outdoor whirlpool spa retreat, a poolside cafe and nearby garden wedding venue. This expansion is slated for completion in early 2009.