#1#2#3#4ROCKY GAP - TRANSACTION OVERVIEW VICI ENTERED INTO DEFINITIVE DOCUMENTATION TO ACQUIRE THE REAL ESTATE ASSETS OF ROCKY GAP (¹) AND LEASE TO CENTURY CASINOS IN AMENDED EXISTING MASTER LEASE ROCKY GAP ACQUISITION Purchase Price LTM 6/30/22 Adj. EBITDAR of Rocky Gap(2) Asset Level Rent Coverage Incremental Initial Annual Rent PropCo Multiple Implied RE Cap Rate PropCo Consideration VICI (1) (2) $260.0 million ($203.9 million PropCo / $56.1 million OpCo) $26.3 million 1.70x $15.5 million 13.16x 7.60% Cash on Balance Sheet/ ATM Proceeds CENTURY CASINOS PARTNERSHIP Tenant Guarantor Triple-Net Lease Terms Rent Escalation (3) Variable Rent Mechanics Tenant Capex Requirements Wholly owned subsidiary of Century Casinos, Inc. Century Casinos, Inc. (NASDAQ: CNTY) Existing Century Master Lease extended such that initial lease term is 15 years from closing, with four 5- year tenant renewal options Greater of 1.25% or the change in CPI Variable rent to be removed from the amended Century Master Lease 1.0% of net revenue (excluding gaming equipment, IT etc.) annually on a rolling 3-year basis The land and buildings of Rocky Gap are leased from the Maryland Department of Natural Resources under a 40-year ground lease expiring in 2052 (plus a 20-year renewal option). Adj. EBITDAR is a non-GAAP financial measure. See page 8 of this presentation for a reconciliation to the most comparable GAAP financial measure. Rocky Gap escalation will commence after no less than a full 12 months post closing, with escalation timing and terms consistent with the existing master lease with Century ("Century Master Lease"). CPI based escalation is not subject to a cap. 4#5#6#7#8