Investor Presentaiton

Overview of Recent Divestitures I Rocky Gap GOLDEN ENTERTAINMENT Sales provide significant financial flexibility and enable Golden to focus on core operations in Nevada market On July 25, 2023, Golden completed the sale of Rocky Gap Casino Resort ("Rocky Gap") to Century Casinos, Inc. ("Century") and VICI Properties, L.P. ("VICI"), an affiliate of VICI Properties Inc., for a total cash consideration of $260 million Century acquired the operations of Rocky Gap for $56 million VICI acquired the real estate for $204 million Distributed Gaming On March 6, 2023, Golden announced the sales of its Distributed Gaming Operations in Montana and Nevada to an affiliate of J&J Ventures Gaming, LLC ("J&J") for total cash consideration of $361.5 million(1) Montana sale was completed on September 13, 2023 Nevada sale was completed on January 10, 2024 Golden entered into a five-year agreement with J&J to support gaming operations at Golden's Nevada taverns ($ in millions) Announced Purchase Price Purchasers EBITDA multiple Closed Nevada $248 Rocky Gap ($ in millions) Montana CENTURY $260 / VICI Announced Purchase Price (1) $114 Purchaser J&J Gaming CASINOS -10x EBITDA multiple -9x 7/25/23 Closed 9/13/23 Note: EBITDA multiples based on respective LTM Adj. EBITDA at deal announcement; Distributed Gaming EBITDA is pro forma adjusted for $3m of divested corporate costs. Inclusive of $5m and $34m of estimated purchased cash at closing for Montana and Nevada sales, respectively. (1) 1/10/2024 5

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