EXHIBIT 99.1



Harrahs Entertainment Inc.(R)          Caesars Entertainment(TM)


For Release At 9 a.m. EST Wednesday, January 19, 2005

Contact:         Brad Belhouse - Investors          Josh Hirsberg - Investors
                 Harrah's Entertainment, Inc.       Caesars Entertainment, Inc.
                 (702) 407-6367                     (702) 699-5269

                 Gary Thompson - Media              Robert Stewart - Media
                 Harrah's Entertainment, Inc.       Caesars Entertainment, Inc.
                 (702) 407-6529                     (702) 699-5043

 Release #HET 01-0496

    Harrah's Entertainment, Caesars Entertainment Certify
   'Substantial Compliance' With FTC Information Requests

         LAS VEGAS, January 19, 2005 - Harrah's Entertainment, Inc.
(NYSE:HET) and Caesars Entertainment, Inc. (NYSE:CZR) said today they
are in "substantial compliance" with requests from the Federal Trade
Commission for information concerning the planned merger of the two
companies.

         Last July, Harrah's and Caesars announced a $9.4 billion
merger agreement that will create the world's largest distributor of
casino entertainment. The FTC subsequently issued a "second request"
for information from each company concerning the merger.

         Today the two companies each certified they have provided
substantially all the information still being requested by the FTC.
The transaction is expected to be completed in the second quarter,
pending receipt of necessary regulatory approvals.

          More information about the companies is available at their
respective Web sites - www.harrahs.com and www.caesars.com

          Founded 67 years ago, Harrah's Entertainment, Inc. owns or
manages through various subsidiaries 28 casinos in the United States,
primarily under the Harrah's and Horseshoe brand names. Harrah's
Entertainment is focused on building loyalty and value with its
valued customers through a unique combination of great service,
excellent products, unsurpassed distribution, operational excellence
and technology leadership.

          Caesars Entertainment, Inc. is one of the world's leading
gaming companies. With 25 properties on four continents, 25,000 hotel
rooms, two million square feet of casino space and 52,000 employees,
the Caesars portfolio is among the strongest in the industry. Caesars
casino resorts operate under the Caesars, Bally's, Flamingo, Grand
Casinos, Hilton and Paris brand names. The company has its corporate
headquarters in Las Vegas.

         This release includes "forward-looking statements" intended
to qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by the fact that they do not relate strictly to
historical or current facts. These statements contain words such as
"may," "will," "project," "might," "expect," "believe," "anticipate,"
"intend," "could," "would," "estimate," "continue" or "pursue," or
the negative or other variations thereof or comparable terminology.
In particular, they include statements relating to, among other
things, future actions, strategies, future performance, future
financial results of Harrah's and Caesars and Harrah's anticipated
acquisition of Caesars. These forward-looking statements are based on
current expectations and projections about future events.

         Investors are cautioned that forward-looking statements are
not guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified and,
consequently, the actual performance or results of Caesars and
Harrah's may differ materially from those expressed or implied by
such forward-looking statements. Such risks and uncertainties
include, but are not limited to, the following factors as well as
other factors described from time to time in our reports filed with
the Securities and Exchange Commission (including the sections
entitled "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" contained therein):
financial community and rating agency perceptions of Harrah's and
Caesars', the effects of economic, credit and capital market
conditions on the economy in general, and on gaming and hotel
companies in particular; construction factors, including delays,
zoning issues, environmental restrictions, soil and water conditions,
weather and other hazards, site access matters and building permit
issues; the effects of environmental and structural building
conditions relating to our properties; the ability to timely and
cost-effectively integrate into Harrah's operations the companies
that it acquires, including with respect to its acquisition of
Caesars; access to available and feasible financing, including
financing for Harrah's acquisition of Caesars, on a timely basis;
changes in laws (including increased tax rates), regulations or
accounting standards, third-party relations and approvals, and
decisions of courts, regulators and governmental bodies; litigation
outcomes and judicial actions, including gaming legislative action,
referenda and taxation; the ability of our customer-tracking,
customer loyalty and yield-management programs to continue to
increase customer loyalty and same store sales; our ability to recoup
costs of capital investments through higher revenues; acts of war or
terrorist incidents; abnormal gaming holds; and the effects of
competition, including locations of competitors and operating and
market competition.

         Any forward-looking statements are made pursuant to the
Private Securities Litigation Reform Act of 1995 and, as such, speak
only as of the date made. Harrah's and Caesars disclaim any
obligation to update the forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements which speak only as of the date stated, or if no date is
stated, as of the date of this press release.
Additional Information about the Acquisition and Where to Find It

         In connection with Harrah's proposed acquisition of Caesars
("Acquisition"), Caesars and Harrah's intend to file relevant materials with
the Securities and Exchange Commission (SEC), including a registration
statement on Form S-4 that will contain a prospectus and a joint proxy
statement. INVESTORS AND SECURITY HOLDERS OF HARRAH'S AND CAESARS ARE URGED TO
READ THE WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT HARRAH'S, CAESARS AND THE ACQUISITION. The proxy statement,
prospectus and other relevant materials (when they become available), and any
other documents filed by Harrah's or Caesars with the SEC, may be obtained
free of charge at the SEC's web site at www.sec.gov. In addition, investors
and security holders may obtain free copies of the documents filed with the
SEC by Harrah's by directing a written request to: Harrah's, One Harrah's
Court, Las Vegas, Nevada 89119, Attention:Investor Relations or Caesars
Entertainment, Inc., 3930 Howard Hughes Parkway, Las Vegas, Nevada 89109,
Attention: Investor Relations. Investors and security holders are urged to
read the proxy statement, prospectus and the other relevant materials when
they become available before making any voting or investment decision with
respect to the Acquisition.

         Harrah's, Caesars and their respective executive officers
and directors may be deemed to be participants in the solicitation of
proxies from the stockholders of Caesars and Harrah's in connection
with the Acquisition. Information about those executive officers and
directors of Harrah's and their ownership of Harrah's common stock is
set forth in the Harrah's Form 10-K for the year ended December 31,
2003, which was filed with the SEC on March 5, 2004, and the proxy
statement for Harrah's 2004 Annual Meeting of Stockholders, which was
filed with the SEC on March 4, 2004. Information about the executive
officers and directors of Caesars and their ownership of Caesars
common stock is set forth in the proxy statement for Caesars' 2004
Annual Meeting of Stockholders, which was filed with the SEC on April
16, 2004. Investors and security holders may obtain additional
information regarding the direct and indirect interests of Harrah's,
Caesars and their respective executive officers and directors in the
Acquisition by reading the proxy statement and prospectus regarding
the Acquisition when it becomes available.

         This communication shall not constitute an offer to sell or
the solicitation of an offer to sell or the solicitation of an offer
to buy any securities, nor shall there be any sale of securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities
laws of any such jurisdiction. No offering of securities shall be
made except by means of a prospectus meeting the requirements of
Section 10 of the Securities Act of 1933, as amended.