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Harrah's Entertainment Adds to Board of Directors

LAS VEGAS – (Press Release) -- Harrah's Entertainment, Inc. (NYSE: HET) announced today that Christopher J. Williams, Chairman and Chief Executive Officer of The Williams Capital Group, L.P., and Williams Capital Management, LLC, has been appointed to serve on the Harrah's Entertainment Board of Directors, subject to regulatory approvals.

"We are delighted to welcome Christopher Williams to our Board of Directors," said Phil Satre, Chairman of Harrah's Entertainment. "His extensive experience in investment banking and asset management, combined with his dedication to community service, will be invaluable to this company in the creation and execution of Harrah's long-term growth strategy."

Williams Capital has been one of the 20 largest underwriters of investment grade corporate debt in the United States in each of the last three years, and was ranked the largest minority-owned investment bank in the country by Black Enterprise magazine in June 2002. In 2002, Williams was named one of the 50 most powerful Blacks in corporate America by Fortune magazine.

Williams serves as a director of The Partnership of New York City, the National Association of Securities Professionals and the Securities Industry Association. He also serves on the boards of several non-profit organizations, including the National Dance Institute, WNYC Radio, and the Alvin Ailey Dance Foundation.

Williams is one of nine outside directors on the 11-member Harrah's board. Satre and Gary Loveman, Harrah's Entertainment President and Chief Executive Officer, are the two company representatives on the board.

The Williams Capital Group, L.P. is a registered broker-dealer and NASD member. Neither Harrah's Entertainment nor any of its subsidiaries have any investment or commercial banking relationship with Williams Capital.

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