Harrah's Completes Acquisition of
Imperial Palace in Las Vegas

LAS VEGAS--(BUSINESS WIRE)--12/23/05--Harrah's Entertainment, Inc. (NYSE:HET) said today that it has completed its previously announced acquisition of the Imperial Palace Hotel & Casino in Las Vegas.

   With the acquisition, Harrah's now operates seven properties on the Las Vegas Strip.

   Harrah's Entertainment, Inc. is the world's largest provider of branded casino entertainment. 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.

More information about Harrah's is available at its Web site  www.harrahs.com