PHIL SATRE, THE FACE OF GAMING IN AMERICA,
TO BE HONORED AT THE AMERICAN GAMING SUMMIT 2003

Harrah's Entertainment, Inc. has created long-term shareholder value under the direction of Satre as chief executive officer since 1984. His tenure as CEO ends this month, but he will remain as the company's chairman. He will become chairman of the American Gaming Association in January. Under his direction, Harrah's has enjoyed top rankings for profits in Fortune, Barron's, Zacks.com, Forbes, and StockDiagnostices.com.

"Phil Satre's record of tenure at the helm of one of America's most successful and respected companies has been marked by a consistency of peak performance in the face of every challenge," said Bob Faiss, a member of the firm of Lionel Sawyer & Collins, a co-presenter of the Summit. 

Satre joined the company in 1980 as vice president, general counsel and secretary of Harrah's, which consisted of just two Nevada casinos and one under development in Atlantic City.
Within four years Satre was named president and chief executive officer and was installed to the company's board of directors within the following four years, and promoted to chairman of Harrah's Entertainment, Inc in 1997.

The success of Harrah's is not lost on the investment world: the company now enjoys a $4 billion-plus market capitalization with 25 casinos owned or managed in 13 states. 

Lifetime Achievement Award Dinner-only tickets are available for $100 each, and can be obtained by registering online at www.americangamingsummit.com; or call 256-852-5738.
Attendees at AGS include institutional investors, top-level executives with the major gaming, lodging and leisure companies; elected public officials; appointed regulatory directors; financial managers; commercial vendors to these businesses; stock brokers and anyone who has an interest in these rapidly expanding industries.

Also at American Gaming Summit 2003: 

• More than two dozen of the industry's leading vendors will give a series of financial presentations to institutional investors, sponsored by Deutsche Bank;
• The Most Innovative Gaming Products for 2002 awards will be presented by Casino Journal. The "Top 20" finalists for the awards were announced in November and posted on the American Gaming Summit web site. Summaries of each of the Top 20 finalists will appear in January's "American Gaming Summit Edition" of Casino Journal.

American Gaming Summit runs Jan. 9-10 at the Rio Suites. It is preceded on Jan. 8 by Slot Manager Institute in Association with GSA and AGEM. A full list of American Gaming Summit speakers and moderators and online registration are available at www.americangamingsummit.com. A full list of Slot Manager Institute speakers and moderators and online registration are available at www.americangamingsummit.com.

The January edition of Casino Journal will feature an extensive interview with Satre, who discusses his career and reasons for stepping aside as the company's chairman.

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Media: Stephen Gibbs, GEM Director of Marketing, (913) 344-1300 x 234; [email protected]