Investor Presentaiton

TRWH Deploys Strategic Initiatives at Newly Acquired Properties to Drive Incremental Cash Flow Dover Downs Hotel & Casino Example INGOS TOPS CASINO Since acquiring Dover Downs on March 28, 2019, the Company has rolled out a pipeline of initiatives designed to maximize the cash flow potential of the property • Apply TRWH's proven, effective marketing approach to capture new market share Increased frequency of outreach to targeted customers to strengthen database Expanded Dover Downs' table games market by leveraging TRWH's operating expertise and marketing tools Recent and Upcoming Growth Initiatives Include: • Relocation of High Limit • Addition of a casino smoking room Includes slots, stadium gaming and a bar • Relocation of poker room TRWH • Reconfiguration of main gaming floor • Opening of new food and beverage options Expansion of entertainment venue to include more seats • Expected opening of Sugar Factory in 2020 24 24

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