#1#2#3#4#5NEW PARTNERSHIP WITH JACK ENTERTAINMENT ● ● JACK Entertainment Overview JACK Entertainment LLC ("JACK") is a Detroit-based urban gaming company currently controlled by Dan Gilbert and affiliates. JACK is part of the Rock Ventures Family of Companies, which employs nearly 4,500 team members in the greater Cleveland area at Quicken Loans, Bedrock, the Cleveland Cavaliers, and Rocket Mortgage Field House Over the past 10 years, the Rock Ventures Family of Companies has increased its investments and commitment to the long-term future of Cleveland with JACK focused on the development and operation of gaming facilities in the Ohio market In 2011, JACK and Caesars Entertainment ("Caesars") partnered to develop two full-scale casinos in Ohio (current JACK Cincinnati and JACK Cleveland) as well as Thistledown Racino. JACK obtained 100% ownership of the Ohio properties in February 2015, fully assuming day-to-day management in June 2016. Since 2012, JACK has invested over $700mm of capital into these assets Between September 30, 2018 and September 30, 2019, LTM EBITDARM of JACK Cleveland / Thistledown improved 7.5%¹ Other JACK assets include the Higbee building, Huron Road Development Site, the May Company Garage and a ~31% equity stake in Horseshoe Baltimore In 2013, JACK acquired 100% ownership of Greektown Casino-Hotel (subsequently sold in May 2019), and EBITDARM improved substantially to date with similar outperformance achieved at JACK Cleveland / Thistledown JACK Entertainment History Horseshoe Cincinnati Opens (March 2013) Horseshoe Cleveland Opens (May 2012) 2012 VICI 1. Thistledown Racino Opens (April 2013) Greektown Acquisition (December 2013) 2013 Horseshoe Baltimore Opens (August 2014) 2014 Caesars Equity Buyout & Settlement Agreement (February 2015) 2015 JACK Thistledown Expansion Opens (April 2016) Ohio Properties Transition to JACK Brand / Management Complete (June 2016) 2016 See page 10 of this presentation for a reconciliation to the most comparable GAAP financial measure. 2017 Announcement of JACK Cincinnati Sale (April 2019) Announcement of Greektown Sale ($1B) (November 2018) 2018 Closing of JACK Cincinnati Sale (September 2019) Closing of Greektown Sale (May 2019) Closing of Turfway Park Sale (October 2019) 2019 5#6#7#8#9#10