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HARRAH'S SIGNS LETTER OF INTENT WITH PASSAMAQUODDY TRIBE FOR PROPOSED CASINO DEVELOPMENT

 MEMPHIS, Tenn., Jan. 4 /PRNewswire/ -- Harrah's, the casino entertainment division of The Promus Companies (NYSE: PRI), today announced that it has signed a Letter of Intent with the Passamaquoddy Tribe of Maine to pursue development and management of a casino entertainment facility to be owned by the Tribe in Calais, Maine.
 Development of the proposed project is subject to various requisite approvals including the passage of legislation in the State allowing tribal gaming. Additionally, the parties must negotiate and execute definitive development, management and related agreements which must be approved by the Bureau of Indian Affairs. Construction would begin upon satisfaction of these and any other required regulatory approvals.
 "We are delighted to be selected by the Passamaquoddy Tribe to work with them toward the development of a premier casino entertainment facility in Maine that will offer an excellent new source of employment in the area and will attract tourism from both the United States and Canada," said Thomas J. Carr, senior vice president of Indian gaming for Promus. "We are committed to working closely with the leadership of the Passamaquoddy Tribe to make this project a great success."
 "We chose Promus after a comprehensive review of management companies," said Cliv Dore, Governor of the Pleasant Point Passamaquoddy Reservation. "We were particularly impressed by Harrah's favorable reputation with government officials in New Jersey and Nevada, its reputation for treating employees fairly, and its commitment to working with Indian Tribes."
 John Stevens, Governor of the Indian Township Passamaquoddy Reservation added that the tribe was "influenced by the fact that Promus is already doing business in Maine through its Embassy Suites and Hampton Inn hotel chains."
 Calais is a picturesque community on the banks of the St. Croix River, providing a primary crossing point from Maine to New Brunswick, Canada. Bangor, Maine, is approximately 95 miles to the south and St. John, New Brunswick, approximately 70 miles to the north.
 The agreement with the Passamaquoddy Tribe is Harrah's third development project with Indian Tribes. A casino is under development for the Ak-Chin Indian reservation outside of Phoenix, Ariz., and a Letter of Intent has been signed for a casino development with the Poarch Creek Indians in Wetumpka, Alabama, subject to negotiation of a tribal/state compact and other regulatory approvals.
 Harrah's is the only casino company operating in all five major Nevada and New Jersey casino markets -- Atlantic City, N.J., Lake Tahoe, Laughlin, Las Vegas and Reno, Nev. In addition Harrah's operates casinos in Joliet, Ill., and Vicksburg and Tunica, Miss.
 Casino entertainment projects under development include the world's largest casino in New Orleans, casinos in Shreveport, La., and North Kansas City and St. Louis/Riverport, Mo. Also, on Dec. 16, Harrah's was selected to develop and operate Auckland, New Zealand's first and only casino complex.
 Harrah's parent company, Promus, also owns and operates three leading hotel brands totaling more than 500 hotels: Embassy Suites, Hampton Inn and Homewood Suites hotels.
 -0- 1/4/94
 /CONTACT: Ralph Berry of The Promus Companies, 901-762-8629/
 (PRI)


CO: Harrah's; The Promus Companies ST: Tennessee, Maine IN: CNO LEI SU:

MM -- CH003 -- 8957 01/04/94 14:13 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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