Vici Investor Presentation

LEADING OPERATORS OF PLACE-BASED EXPERIENCES(1) 100% Triple Net Leases 91% Leases with Parent Guarantees ~80% Rent Roll with Master Lease Protection ~80% Rent Roll from SEC Reporting Tenants -76% Rent Roll from S&P 500 Tenants Tenant CAESARS ENTERTAINMENT. MGM RESORTS Hard Rock THE VENETIAN LAS VEGAS Seminole Hard Rock Entertainment PENN ENTERTAINMENT J.A.C.K. ENTERTAINMENT CENTURY CASINOS CHEROKEE NATION Entertainment Eastern Band of Cherokee Indians Number of Properties 9 Tenants 18 13 2 2 2 4 1 44 WALT (years) as of 9/30/2022(2) 32.9 53.4 49.4 47.4 31.6 32.4 35.0 55.0 33.9 42.2 Annualized Cash Rent ($MM) (3) $1,158.2 $882.2 $250.0 $134.7 $75.1 $69.0 $41.0 $40.0 $33.0 $2,683.2 % of Ann. Cash Rent 43% 33% 9% 5% 3% 3% 2% 1% 1% 100% (1) Pro forma for (i) VICI's pending acquisition of an interest in the land and buildings associated with Rocky Gap Casino Resort ("Rocky Gap"), (ii) MGM's pending sale of the operations of the Mirage Hotel & Casino (the "Mirage") to Hard Rock and (iii) MGM's pending sale of the operations of the Gold Strike Casino Resort ("Gold Strike") to CNE Gaming Holdings LLC, a subsidiary of Cherokee Nation Businesses, L.L.C. ("Cherokee Nation"), all of which remain subject to customary closing conditions and regulatory approvals. No assurance can be provided that these transactions will close on the anticipated terms or timeline or at all. (2) Weighted average lease term ("WALT") inclusive of all tenant renewal options. (3) Annualized contractual rent as of November 2022. VICI 5

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