Harrah's, Keppel Land Invited to Submit Singapore Proposal

LAS VEGAS -- (PRESS RELEASE) -- Harrah's Asia Pte Ltd., an indirect subsidiary of Harrah's Entertainment, Inc. (NYSE: HET) and Keppel Land, Ltd., have been invited by the Singapore Tourism Board to submit joint proposals for two integrated resorts in the Republic of Singapore.

Harrah's and Keppel Land intend to submit proposals for both the Marina Bayfront site and Sentosa Island, the two locations identified by Singapore's government for the development of integrated resorts.

"We are honored to be asked to participate in the request for proposals process," said Gary Loveman, chairman, chief executive officer and president of Harrah's. "We see this as a remarkable opportunity, and envision the development of world-class iconic resorts that will attract tourists from across the region and the world."

One of Singapore's foremost property developers, Keppel Land has extensive experience as a developer, owner and manager of premier integrated resorts and large-scale integrated developments both in Singapore and other parts of Asia as well as a strong network and quality portfolio across the region.

Various subsidiaries of Harrah's Entertainment, Inc. own or manage 27 casinos in the United States, primarily under the Harrah's and Horseshoe brand names. Founded 67 years ago, Harrah's Entertainment is focused on building loyalty and value with its valued customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.