Park Place Entertainment Announces Opening of Oasis Resort and Spa at Grand Casino Gulfport

Business Wire, June 29, 1999

LAS VEGAS--(BUSINESS WIRE)--June 29, 1999--

Park Place Entertainment Corp. (NYSE:PPE) Tuesday announced the opening of its Oasis Resort and Spa at the Grand Casino Gulfport casino-resort, in Gulfport, Miss.

Located on the Mississippi Gulf Coast, the Oasis Resort and Spa adds 600 spacious guest rooms to the existing 400-room Grand Gulfport Hotel and includes a three-acre waterpark complete with a lazy river, pools, Jacuzzi and spa.

The new resort also features the 16,000-square-foot Bellisimo Spa and Salon, which offers a complete array of spa treatments, as well as a fitness center, saunas and whirlpools.

For reservations, call 800/354-2450.

Grand Casino Gulfport is owned and operated by Park Place Entertainment, the world's largest gaming company, as measured by casino square footage and revenues, and the only casino gaming company with a leading presence in Nevada, New Jersey and Mississippi -- the three largest gaming markets in the United States.

Following the September opening of Paris Las Vegas, the company will own or have an interest in 17 gaming properties located throughout the United States and in Australia and Uruguay, with a total of 1.4 million square feet of gaming space and approximately 23,000 hotel rooms.

In April, Park Place Entertainment entered into a definitive agreement to purchase Caesars and other gaming assets of Starwood Hotels & Resorts. The transaction is scheduled to close in the fourth quarter of 1999, pending regulatory approval.