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CAESARS WORLD ESTIMATES FY 92 THIRD QUARTER RESULTS

 CAESARS WORLD ESTIMATES FY 92 THIRD QUARTER RESULTS
 LOS ANGELES, May 5 /PRNewswire/ -- Caesars World Inc. (NYSE: CAW)


today said it estimates that its earnings per share for the fiscal 1992 third quarter ended April 30 will range between 37 and 43 cents.
 In the comparable quarter of fiscal 1991, Caesars World's earnings per share were 56 cents on approximately the same number of common and common equivalent shares outstanding.
 The company said its estimates indicate earnings per share for the first nine months of fiscal 1992 ended April 30, 1992, will range between $2.28 and $2.34. For the comparable period of fiscal 1991, Caesars World's earnings per share were $1.32.
 The company said the primary factor in its expected earnings decline for the fiscal 1992 third quarter was substantially lower table game win percentages at both of its Nevada hotel/casino operations in Las Vegas and Lake Tahoe, particularly at the end of the quarter.
 The company noted that the fiscal 1992 third quarter decline in the Nevada win percentage offset a large increase in win percentage in the fiscal 1992 second quarter and that the win percentage for the first nine months of fiscal 1992 was slightly higher than in the comparable fiscal 1991 period.
 -0- 5/5/92
 /CONTACT: Roger Lee of Caesars World, 310-552-2711, ext. 263/
 (CAW) CO: Caesars World ST: California IN: CNO LEI SU: ERP


KJ -- LA040 -- 6640 05/05/92 14:18 EDT
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Publication:PR Newswire
Date:May 5, 1992
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