Juliano Resigns as President of Caesars Palace

LAS VEGAS -- (PRESS RELEASE) -- Harrah's Entertainment, Inc. (NYSE: HET) announced today that Mark Juliano has resigned as President of Caesars Palace, effective July 31.

"Mark has made a singular contribution to Caesars Palace during his two-year tenure as its president," said Tom Jenkin, Harrah's Western Division president. "He put together a strong leadership team and successfully led the property through a period of major expansion and refurbishment. I am personally grateful for his support during the successful merger of Harrah's Entertainment and Caesars Entertainment. He is a noted industry leader who has made a personal and professional decision to return to the East Coast. We wish him and his family all the best."

"The hardest part about leaving Caesars Palace will be saying goodbye to the great people who work there; they have been like a family to me," said Juliano, who has served as the resort's president since February 2003.

Gary Selesner, the resort's Senior Vice President and General Manager, will serve as interim president during the company's search for Juliano's replacement.

Harrah's Entertainment, Inc., is the world's largest provider of branded casino entertainment. Since its beginning in Reno, Nevada 67 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. On June 13, 2005, Harrah's Entertainment acquired Caesars Entertainment, Inc., and now owns or manages through various subsidiaries more than 40 casinos in three countries, primarily under the Harrah's, Caesars and Horseshoe brand names. With nearly 4 million square feet of casino space, more than 40,000 hotel rooms and nearly 100,000 employees, the Harrah's portfolio is the most diverse in the gaming industry. Harrah's Entertainment is focused on building loyalty and value with its customers through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.