Brief: Block of 3.5 million shares traded

All told, 5,560,700 shares of Park Place traded Tuesday. That's about 10 times the normal daily trading volume for the Las Vegas-based casino company spun off from Hilton Hotels Corp. at the beginning of the month.

The big block was crossed by Salomon Smith Barney at $6.3750, 6.25 cents below the previous trade.

Park Place Vice President Jeff Davis said the company didn't know the identity of the buyer or seller in the 3.5 million-share block, but that neither was a Park Place insider.

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