Park Place Leads to Adopt
"Ticket-In, Ticket-Out" Slot Technology

LAS VEGAS - Park Place Entertainment Corporation is leading the industry in rolling out popular "ticket-in, ticket-out" slot technology, with two of the company's Las Vegas casino resorts soon to be the first major Strip properties to fully adopt the
new system.

Nearly 3,100 of the 3,211 state-of-the-art slot machines at Paris Las Vegas and Bally's Las Vegas, located adjacent to each other at the heart of Las Vegas Boulevard, are operating with "ticket-in, ticket-out" technology today. Another 100 or so machines are awaiting regulatory approval before their "ticket-in, ticket-out" features are activated. Eventually, only a handful of novelty machines at Paris and Bally's will lack "ticket-in, ticket-out" capability.

By the end of the year, Park Place expects to extend its "all ticket-in, ticket-out" program to Caesars Palace, with nearly 1,900 slots, and the Flamingo Las Vegas, with more than 1,700 slots.

"Ticket-in, ticket-out" slot machines pay out cumulative winnings with bar-coded tickets that customers can exchange for cash, or insert into other "ticket-in, ticket-out" machines for additional slot play. If a customer chooses, "ticket-in, ticket-out" slots also will accept coins.

In every case, Park Place is deploying its unique configuration of "dual wire, dual bar code" technology that increases redundancy, efficiency and accuracy across the slot management system.

"Park Place is taking the lead across the gaming industry in delivering a new technology that is great for customers and great for our casino resorts," said Park Place President and Chief Executive Officer Wallace R. Barr.

"Our customers love 'ticket-in, ticket-out' slots because they eliminate unwanted interruptions in play for machine refills and attendant-paid jackpots. Customers no longer have to carry heavy buckets of coins around the casino and they can carry their winnings from one machine to another in the form of a slim, bar-coded ticket that fits inside a wallet.

"At the same time, 'ticket-in, ticket-out' slot technology significantly increases the efficiency of our slot floors and allows our slot attendants to spend more time helping customers instead of carting around coins," Barr added.

Park Place is moving quickly to install "ticket-in, ticket-out" machines at its properties throughout the United States. By July 1, for example, Park Place's three properties in Atlantic City will have installed and activated approximately 7,100 "ticket-in, ticket-out" slots, representing nearly two-thirds of the company's slot product in Atlantic City.

At the end of 2003, Park Place anticipates that it will have installed and activated 22,000 "ticket-in, ticket-out" slots at its 18 domestic casinos, representing nearly 60 percent of the company's total slot product. Nevada will have more than 8,300

"ticket-in, ticket-out" machines, Indiana, Mississippi and Louisiana together will have 5,700 and New Jersey will have more than 8,000.

"Our experience indicates that the vast majority of slot players prefer the 'ticket-in, ticket-out' technology," said Ken Geiger, senior vice president of slot operations for Bally's and Paris Las Vegas. "But our machines easily accommodate those players who still want to drop coins into the slot. It's a win-win-win, no matter how you look at it."

The "ticket-in, ticket-out" technology employed at Park Place casino resorts is built around the "EZ Pay(TM)" platform created by International Game Technology. Park Place has enhanced the "EZ Pay(TM)" platform's capabilities by adding its own unique use of the "dual wire, dual bar code" system. That system allows "ticket-in, ticket-out" slot machines to communicate electronically with both the "EZ Pay(TM)" software program and the casino's own slot management system.

Park Place Entertainment Corporation owns, manages or has an interest in 27 gaming properties operating under the Caesars, Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names with a total of two million square feet of gaming space, 29,000 hotel rooms and 54,000
employees worldwide.