Perini Building Co. Delivers the Colosseum at Caesars Palace on Budget and Ahead of Schedule

LAS VEGAS--()--April 17, 2003--Nineteen hundred years ago, the Romans took 10 years to build the original Colosseum. Perini Building Co. delivered the $95 million Caesars Palace Colosseum Showroom in 13 months -- six weeks ahead of schedule and within budget, under a contract with Park Place Entertainment Corp. -- the parent company for Caesars Palace and 26 other casino resorts around the world. Perini Building Co. is a wholly owned subsidiary of Perini Corp. (AMEX: PCR).

The Colosseum at Caesars Palace seats 4,100 people. Its circular design provides guests with an intimate theater experience, with the farthest seat no more than 120 feet from the stage. On March 25, 2003, The Colosseum at Caesars Palace opened its doors as the home to a three-year run of A NEW DAY ... featuring Celine Dion, by DRAGONE and presented by Chrysler.

The Colosseum's exterior resembles the original Roman structure. The interior, however, is in stark contrast to the open air, dirt floor ancient amphitheater. The Colosseum Showroom is fully loaded with amenities such as 4,100 plush red velvet seats, imported stone flooring, soft lighting and a 22,000 sq. ft. stage within arms reach of front row guests.

The theater has high-tech acoustics and North America's largest light-emitting diode (LED) screen. The 33 ft. tall by 110 ft. wide screen creates the illusion of three-dimensional stage scenery. The theater is designed for superior sound. It has over 100 strategically placed self-powered speakers and is wrapped in an acoustical liner to eliminate all sound reverberation. Even the ceiling is covered in deep red acoustical lining to enhance the theater's acoustics.

Constructing the elliptical structure in 13 months posed some unique challenges. The construction site was squeezed between Caesars Palace, one of the world's largest resorts, and the non-stop Las Vegas Strip. The design of the facility took place during construction. The architect is located in Oklahoma and the designer lives in Canada. "We were downloading design specifications as we built. To maintain our aggressive pace, daily, even hourly conference calls were typical," said Mike Nunn, project executive for Perini Building Co.

Perini was able to jumpstart the construction schedule by using in-house surveying engineer Jay Woods. "Jay was out in front of everyone. Months before we had drawings, he surveyed the site and accurately determined the layout points of the structure. This allowed us to plan our construction strategy months in advance of design specifications," said Nunn.

Another time-saving measure Perini utilized was a secant pile system instead of a traditional structural foundation. Perini excavated the site after drilling and placing the piles. The piles serve as the foundation as well as the interior wall of the basement.

Colosseum Showroom Facts:

Seats 4,100 people; the farthest seat from the stage is 120 ft.

22,000 sq. ft. semi-circular stage -- roughly the length of a 40-yard field goal in football

Exterior diameter is 256 ft.

Exterior height is 140 ft. -- seven stories

120 ft. wide x 45 ft. high proscenium arch -- one of the world's largest stage openings

Truss roof -- free of support columns that obstruct views

Two levels of cantilevered double-mezzanine seating

68,000 lb. steel box girders support approximately one-third of the structure

Construction required over 600,000 man-hours

700 people were on site daily at the peak of construction

Structure contains:

5,100 tons of steel

7,700 erectable pieces of steel

8,000 yards of concrete placed over slab on grade and metal decking to create the sloped rakes for seating

800 tons of air conditioning

142 miles of electrical wire

Fire sprinklers with 100,000 ft. of pipe that holds 10,000 gallons of water

The Colosseum opened March 25, 2003, and will host a variety of acts when Dion is not performing. Other projects completed by Perini at Caesars Palace include the Palace Tower, Garden of the Gods pool, ballroom, two exclusive pool villas, Centurion Penthouse remodel, exterior facade reskinning, North Casino remodel, Celine Dion's Boutique and a two-story underground valet parking garage.

According to revenues, Perini Building Co. is the leading builder of hospitality and casino projects in the United States. The company has seven offices throughout the country.

About Perini Corp.

Perini Corp. and its companies (Perini Building Co., Perini Civil and Perini Management Services Inc.) provide general contracting, including building and civil construction, construction management, and design-build services to private clients and public agencies in the United States and selected overseas locations. Perini Building Co. is known for its construction expertise in hospitality and gaming, corrections, health care, education, and sports and entertainment.

About Caesars Palace

Caesars Palace is a Park Place Entertainment Corp. (NYSE: PPE) resort. Park Place Entertainment is the world's largest gaming company. Park Place owns, manages or has an interest in 27 gaming properties operating under Caesars, Bally's, Flamingo, Grand Casinos, Hilton and Paris brand names with a total of approximately 2 million square feet of gaming space, more than 29,000 hotel rooms and 55,000 employees.


Papagalos Strategic Communications
Ann Papagalos, 602/279-2933


Papagalos Strategic Communications
Ann Papagalos, 602/279-2933