Here are a few facts from my stockholders package I just received.

"Hilton board of directors proposes to spin off to the holders of its common stock the shares of Park Place, which will be a NEW PUBLIC COMPANY (emphasis added) that will own and operate...the gaming businesses currently operated by Hilton. Hilton will retain its lodging and timeshare and vacation ownership businesses, its strategic alliance with Ladbroke Group PLC and its affiliates, as well as its interest in the management operations of the Casino Windsor property."

"Upon completion of the merger, Park Place will be the largest gaming company, as measured by casino square footage and revenues, with 1.4 million square feet of gaming space in 1999 and 1997 revenues of $2.7 billion. Park Place will also be the only gaming company with significant presence in the 3 largest gaming markets in the U.S. (NV, NJ, and MS)..."