2004 Ryder Cup Team Member Fred Funk Signs on to Participate in the Atlantic City Commemorative Presented by MasterCard, September 27

Business Wire, Sept 17, 2004

ATLANTIC CITY -- PGA TOUR golfer Fred Funk has committed to play in the Atlantic City Commemorative presented by MasterCard, the 25th anniversary celebration event of the PGA TOUR's Champions Tour, announced Mary Ann Saleski, Event Director. The Champions Tour returns to Atlantic City Country Club - the site of the first-ever Champions Tour event 25 years ago. The Atlantic City Commemorative presented by MasterCard will take place at the prestigious Atlantic City Country Club in Northfield, New Jersey on Monday, September 27, 2004.

Fred Funk finished ninth on the 2004 Ryder Cup Team points list to make his first Ryder Cup Team at age 48. Funk notched his first top-10 of 2004 with a T10 at "The Players Championship" in his eighth start of 2004. His career highlights include being named to the 2003 U.S. President's Cup team, and five TOUR victories: the 1992 Shell Houston Open, the 1995 Ideon Classic at Pleasant Valley, the 1995 Buick Challenge, the 1996 B.C. Open, and the 1998 Deposit Guaranty Golf Classic. He has won more than $1.4 million on the PGA TOUR in 2004.

The Atlantic City Commemorative presented by MasterCard will feature past, present, and future stars of the Champions Tour playing in a fan-friendly Pro-Am format. The event tees off a year-long series of 25th anniversary activities that will take place on the Champions Tour in 2005. In addition to Funk, the field to date includes Don January, Miller Barber, Billy Casper, Hale Irwin, Bruce Fleisher, Dana Quigley, Jim Thorpe, Peter Jacobsen, Jerry Pate, D. A. Weibring, Larry Nelson, John Jacobs, Bob Murphy and Jim Colbert.

The Atlantic City Commemorative presented by MasterCard will feature 18 Champions Tour players competing for a $125,000 charity purse to be distributed to the following local charities: Alzheimers Association, Local Chapter; ALS Association - Ocean City Walk; Ruth Newman Shapiro - Cancer Walk; Hansen House - Substance abuse treatment Halfway house; and Child Federation - child care center - Pleasantville.

The first tee time for the Atlantic City Commemorative is scheduled for 9:45 a.m. Tickets are available for $25. For more information on sponsorship and volunteer opportunities, or to inquire about purchasing daily tickets, please contact the Event Office at 609-236-4450.

About the PGA TOUR's Champions Tour

The Champions Tour is one of the PGA TOUR's three professional golf tours (PGA TOUR, Champions Tour and Nationwide Tour), and features the world's premier golfers age 50 and up.

The Champions Tour will play 30 official/Charles Schwab Cup tournaments for almost $53 million in 2004. Tour events generate significant sums of money for charity. Since 1980, the Champions Tour and its tournaments have contributed over $100 million and the three tours more than $820 million since 1938.

About Atlantic City Country Club

The prestigious and historic Atlantic City Country Club proudly carries the distinctions of "The Birthplace of the Birdie," as well as being the site where the term "Eagle" was coined. In addition to hosting the first Champions Tour event in 1980, The Atlantic City Country Club has hosted six major U.S.G.A. Championships. Founded in 1897, The Atlantic City Country Club was restored to its current state in the spring of 2000.

About Caesars Entertainment

The Atlantic City Country Club is owned and operated by Caesars Entertainment, Inc. (NYSE:CZR) one of the world's leading gaming companies. With $4.5 billion in annual net revenue, 28 properties on four continents, 26,000 hotel rooms, nearly two million square feet of casino space and 52,000 employees, the Caesars portfolio is among the strongest in the industry. Caesars casino resorts operate under the Caesars, Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names. The company has its corporate headquarters in Las Vegas.

In July 2004, the Board of Directors of Caesars Entertainment approved an offer from Harrah's Entertainment to acquire the company for approximately $1.8 billion and 66.3 million shares of Harrah's common stock. The offer must be approved by shareholders of both companies and federal and state regulators before the transaction can close.

About Mastercard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members' credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment card brands including MasterCard, Maestro and Cirrus and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless advertising campaign is now seen in 96 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.