PARK PLACE REPORTS FOR FIRST QUARTER

April 25, 2001 7:45 PM
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For the first quarter of this year, Park Place Entertainment Corporation reported Tuesday profits of 15 cents of share, down from 17 cents a share from last year’s first quarter.

Profits also fell, from $52 million during last year’s first quarter, to $45 million in this year’s first quarter. Also, cash flow from the quarter was $315 million, compared to $327 million last year.

Caesars portfolio of properties increased 5% to $102 million, compared to $97 million in the first quarter of 2000.