Gaming Property Investment Overview

Dover Downs: Premier Regional Gaming Property on the Eastern Shore GLPI's First Asset in Delaware and the Beginning of a New Master Lease Relationship Dover Downs Casino Real Estate Acquisition DOVER DOWNS 165,000 Casino SF Purchase Proceeds 2,188 VLTS Initial Rent 38 Table Games 500 Hotel Rooms Cap Rate Racebook Sportsbook Purchase Multiple $144M $12M 8.3% 12.0x Regional Gaming & Entertainment Hub Well-situated on ~70 acres in Dover, the state capital Accessible from the Northeast Corridor and proximate to beach communities on the Eastern Shore Bally's operates the Casino, Dover Downs Hotel & Conference Center, and the horse racing at Dover Downs Raceway, which include: - A 500-room AAA Four Diamond hotel, full- service spa salon, conference center, banquet hall and concert hall facilities A harness racing track with pari-mutuel wagering on live and simulcast horse races and sports betting Significant Recent Capital Investment Leveraging of Operational Synergies: Since acquiring Dover Downs in March of 2019, BALY has rolled out a pipeline of strategic initiatives designed to maximize potential cash flow, including enhancing customer outreach and expanding table games by leveraging BALY expertise Recent and upcoming growth initiatives include: Opened Michele's Steakhouse Lounge and VIP room (2019) Expansion of entertainment venue (2019) Opened Jerry Longo's Meatballs & Martinis (2019) Construction of Dover Sugar Factory (Targeted opening Jan. 2021) Construction of a new outdoor smoking area to include 3 tables and 125 VLTS (Targeted opening 2021) Come Play! DOVER DOWNS HOTEL & CASINO Note: This transaction is subject to regulatory approvals and closing conditions Source: Company Filings, Earnings Releases and Delaware Lottery 15

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