Harrah's Entertainment Lauds Marina Bay Bid Process, Thanks Partners for Contributions to Ambitious Caesars Singapore Proposal

LAS VEGAS/SINGAPORE - May 26, 2006 - Harrah's Entertainment, Inc. (NYSE:HET) today issued the following statement from Chairman, CEO and President Gary W. Loveman following the Singapore government's announcement that it had selected Las Vegas Sands to build an integrated resort at the Marina Bay site:

"The Singapore government's well-conceived, carefully structured competition brought forth the very best from all bidding parties. During our many visits to Singapore, we made many new friends and grew very fond of this remarkable place. The professionalism and discipline demonstrated by the Tourism Board and all other government agencies involved in this process were commendable, and we are most grateful for their efforts."

"I congratulate Las Vegas Sands on their successful bid, and wish them every success."

"The Caesars Singapore team brought an exceptional degree of talent, inspiration, and creativity to our ambitious bid. I want to express my sincere appreciation to each one of our world-renowned partners for their outstanding contributions. I look forward to continuing our creative and professional association on other projects around the world."

"Chairman Lim and the Keppel Land team have been outstanding partners throughout this bid process. I am honored to be associated with Keppel Land. They have proven to be a wise, insightful, and understanding partner, and I look forward to future projects with them."

"Richard Mirman, our senior vice president for business development led the Caesars Singapore team. He boldly assembled the most talented team of players from around the world for Caesars Singapore. Never before has this much creativity been brought to bear on a single project. It is awe-inspiring. I commend Rich for bringing life to Caesars Singapore."

"The creative talent participating in Caesars Singapore included: Le Centre Pompidou from Paris; Daniel Libeskind, the world-renowned architect; Hollywood icon James Cameron; Thinkwell Design & Productions; STARTV; AEGLive, Teamwork Productions, UnUsUaL Entertainment; Taubman Asia, Gordon Group Holdings, Peter Marino; and SMG and SunTec-Singapore."

"Going forward, Harrah's will continue to pursue a variety of other international and domestic development projects, including those planned for Nassau, The Bahamas; Ciudad Real, Spain; and Nova Gorica, Slovenia. Our master-planning efforts on the world-famous Las Vegas Strip and in Atlantic City, our new land-based facility in Biloxi, our Harrah's Chester Casino and Racetrack in suburban Philadelphia, and our proposed projects in Pittsburgh, PA and West Warwick, RI will be the focus of our domestic efforts for the moment."

About Harrah's Entertainment

Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment through operating subsidiaries. Since its beginning in Reno, Nevada 68 years ago, Harrah's has grown through development of new properties, expansions and acquisitions. 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.

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