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Caesars Names Special Consultant for Mohawk Casino Project

5 January 2005

MONTICELLO, New York -- (PRESS RELEASE) -- Caesars Entertainment, Inc. (NYSE:CZR), one of the world's leading gaming companies, today named veteran Sullivan County real estate attorney Barbara Garigliano as a special consultant for the development of the planned $500-million Mohawk Mountain Casino Resort.

To be built on the shores of Anawana Lake in the town of Thompson, in the heart of the Catskill Mountains, the casino will be owned by the Saint Regis Mohawk Tribe and managed by Caesars Entertainment. The project is awaiting final approval from federal and state government agencies.

A1980 graduate of the Syracuse University College of Law, Garigliano has practiced real estate law in Sullivan County for nearly 20 years. She has been involved in the development of the Mohawk casino project since 2000. As Caesars' local representative, Garigliano replaces Richard L. "Chuck" Miller, who resigned to pursue another business opportunity.

"Barbara Garigliano is the best possible person to help us keep this project moving forward," said Caesars Executive Vice President and General Counsel Bernard E. DeLury, Jr. "Working with the Mohawk Tribe and its leaders, we have accomplished a great deal in the last four years. Now it is time to finish the development work and start building what will be the finest casino resort in New York State," DeLury added.

"This project is very dear to my heart. Given my history with Caesars and the Saint Regis Mohawk Tribe, I'm very excited to be taking on these additional responsibilities," said Garigliano. "Having been involved in this project from the beginning, I want to be there when Mohawk Mountain's doors open for the first time."

Both DeLury and Garigliano applauded the work done by Miller, who served as the company's liaison with the Mohawk Tribe and project coordinator for the past four years. "Chuck's shoes will be hard to fill," Garigliano said.

The 750-room Mohawk Mountain resort hotel and 160,000-square-foot casino is to be built near the site of Kutsher's Resort and Country Club.

In addition to providing at least 2,000 construction jobs and thousands more permanent positions for casino employees, the project will generate millions of dollars in annual tax revenue for New York State and millions more in direct payments to Sullivan County, the Town of Thompson and locally impacted entities.

The casino and resort will be built on a 174-acre site, of which 66 acres will be held in trust for the Saint Regis Mohawk Tribe by the United States Department of the Interior. In addition to the hotel and casino, the project will feature 15,000 square feet of meeting space, eight restaurants and a spa.

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