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MARGARITAVILLE COMING 2010

Harrah's and world-renowned singer and songwriter Jimmy Buffett will develop Margaritaville Casino & Resort in Biloxi on the south side of U.S. Hwy. 90.

With a projected budget of more than $700 million, the resort development represents the single largest investment in Mississippi since Hurricane Katrina in 2005.

Construction is expected to begin this summer, with completion planned for spring 2010.

This next-generation destination resort will be developed on 46 acres on the site formerly occupied by Grand Casino and Casino Magic.

The resort will feature:

• About 100,000 square feet of casino space and 66,000 square feet of meeting space
• A full-service spa
• A pool deck area with cabanas, a bar and tropical landscaping
• World-class hotel accommodations, with 420 new hotel rooms added to the 378 existing rooms that will be fully renovated from the Casino Magic property
• A state-of-the-art Margaritaville Restaurant that centers the property

Harrah's also will partner with Simon Property Group – the largest retail real estate company in North America – to shape 250,000 square feet of retail space. The Simon Property Group has developed high-end shopping complexes throughout the United States, including The Forum Shops at Caesars Palace in Las Vegas.

The development of the Margaritaville Casino & Resort represents Harrah's latest investment in the communities of the Gulf Coast. With the involvement of Mississippi-native Jimmy Buffett and the retail expertise of the Simon Property Group, the property promises to become a destination resort that will be among the finest in the southern United States.

This $700 million project is the first phase of a development that will represent an investment of more than $1 billion when completed.