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November 15, 2009

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Park Place extends exchange offer

Monday, Nov. 1, 1999 | 11:42 a.m.

Park Place Entertainment Corp. of Las Vegas said it extended until Friday its offer to exchange $300 million of 7.95 percent senior notes with a similar issue.

Holders of $291 million of the old 7.95 percent notes had tendered as of last Friday, when the exchange offer was scheduled to expire, Park Place said.

The Las Vegas-based casino company operates 17 gaming properties in the United States, Australia and Uruguay and expects to complete its acquisition of Caesars World Inc. later this year.

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