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NEW MILLIONAIRE SAYS 'I RESIGN!'

2/12/2003

February 12, 2003
LAS VEGAS - Jerry Nemeth of Marion, Ohio, hoped that his trip to the Flamingo Las Vegas resort today would result in winnings, but he didn't expect to be able to retire. The 58-year-old school custodian's $1,016,389.22 win at 4:21 p.m. today on a Wheel of Fortuneｮ IGT $1 progressive slot machine enables him to send a message to his boss.

"Tell Roger Richards he's going to have to find somebody else right away - I resign!" said the new millionaire with glee. Richards is the head custodian at Tri-Rivers Career Center in Marion.

Nemeth and his wife Judy are on vacation at the Flamingo after accepting an attractive room package offer in the mail from the resort, sent as a result of their membership in the Park Place Connection players club. "It was a good time to get away from the snow," Judy commented. "We just arrived five hours ago. I won $1,000 earlier on a Wheel of Fortune machine at the other end of the casino. We always play Wheel of Fortune slots. I saw these machines and we sat down together. He put in a $100 bill. He had only been playing six or seven minutes."

Jerry lined up three Wheel of Fortune symbols on the center line to win the progressive jackpot that is linked to $1 Wheel of Fortune machines across Nevada. He still had $34 in credit left in the machine when he won the jackpot.

"I felt great," Jerry recounted. "I jumped out of the chair and shouted 'I won the jackpot.' I got cold chills. It's wonderful. I can retire."

Judy retired three months ago from the Verizon Operations Center. The couple has been married 37 years and has two children and three grandchildren. "We will pay off our daughter's home mortgage, give an equal amount to our son to build a new home, pay off our own mortgage, and invest the rest," the couple agreed.

This was the 67th dollar Wheel of Fortune jackpot since the progressive's inception by International Gaming Technology. The progressive jackpot for the three-reel, one-dollar slot machine will be paid by IGT in 20 annual payments of $50,819.46. Nemeth received his first check in that amount today. The Wheel of Fortune progressive jackpot is won frequently in Nevada, and is reset to $1 million after each win. There was a similar winner earlier in the day at a casino in Laughlin, Nev.

Wheel of Fortuneｮ is based on the world's most popular game show and is one of 21 Nevada MegaJackpots systems operated by IGT (NYSE: IGT), a world leader in the manufacture of gaming machines and proprietary software for progressive gaming systems. All IGT MegaJackpots awards are paid in annual installments upon verification, except Regis' Cash Club, $1,000,000 Pyramid, Elvisｮ, The Addams Family TM, Party Time TM, Harley-Davidsonｮ Video Slots and video Jeopardy!, which are paid in their entirety upon verification.

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

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