Gaming News

Caesars Tahoe Info Requested

LAS VEGAS -- (PRESS RELEASE) -- Caesars Entertainment Inc. (NYSE:CZR) today announced that on February 2, 2005 it received a request for additional information from the Federal Trade Commission (FTC) in connection with the planned sale of the Caesars Tahoe casino resort to an affiliate of Columbia Sussex Corporation, a hotel, resort and casino operator based in Fort Mitchell, Kentucky. Columbia Sussex received the same request for additional information from the FTC.

The companies intend to respond promptly to the information request, which was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.

The effect of the second request is to extend the waiting period imposed by the Hart-Scott-Rodino Act until thirty days after Caesars and Columbia Sussex have substantially complied with the request, unless that period is extended voluntarily by the parties or terminated sooner by the FTC.

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