Investor Presentaiton

Capital Return Program hares Outstanding 42,000,000 40,000,000 37,989,376 38,000,000 36,000,000 34,000,000 32,000,000 30,000,000 TRWH 41,111,841 Common Stock Activity 41,147,597 Q2 2019 to Q1 2020 -26% 34,574,587 Q4 2018 Q1 2019 Q2 2019 Q3 2019 32,113,328 30,594,691 Q4 2019 Q1 2020 Q1 2019: • Issued 2,976,825 shares of common stock for acquisition of Dover Downs on March 28, 2019 Q3 2019 • • Completed modified dutch auction tender offer and repurchased 2,504,971 shares Repurchased additional 4,071,711 shares under capital return program Q4 2019 • Repurchased additional 2,486,668 shares under capital return program Q1 2020 • • Additional $100 million approved under capital return program Repurchased additional 1,581,813 shares under capital return program 37

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