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Harrah's Adds $50,000 Buy-In to WSOP

LAS VEGAS – (PRESS RELEASE) -- A new, $50,000 buy-in HORSE contest has been added to the tournament schedule for the 2006 World Series of Poker at the Rio All-Suites Hotel & Casino.

The addition of the high buy-in contest -- a combination of no-limit hold'em, Omaha, razz, stud and stud eight or better -- marks the first time the World Series of Poker will offer an event with a buy-in of more than $10,000.

"We've heard from a number of players that a high buy-in event will enhance the World Series of Poker," said Jeffrey Pollack, commissioner of the World Series of Poker and vice president of sports and entertainment marketing for Harrah's Operating Company, Inc., a subsidiary of Harrah's Entertainment, Inc. (NYSE: HET). "We agree, and this schedule addition is an example of how we are innovating to build on the tradition and heritage of the tournament. This summer, one player will make poker history and win the first-ever World Series of Poker bracelet for a $50,000 event."

The 2006 World Series of Poker will consist of 45 individual poker tournaments between June 25 and August 10 at the Rio All-Suites Hotel & Casino in Las Vegas. Buy-ins for the individual events will range from $500 to $50,000, with the cost of entering the Main Event -- the no-limit hold'em world championship -- remaining at $10,000.

In another customer-service enhancement, World Series of Poker officials will allow players entering the Main Event to choose their start dates, as long as seats are available on the selected dates. The Main Event will seat up to 2,000 entrants each day from July 28-31 to accommodate what is expected to be another record field. In 2005, 5,619 entrants to the Main Event played their first rounds over a three-day period.

The final schedule for the 2006 World Series of Poker follows.

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