VICI Investor Presentation

INCOME FOUNDATION: STRENGTH OF OUR TENANTS CAESARS ENTERTAINMENT. Caesar Entertainment (NASDAQ: CZR) is the largest casino- entertainment company in the U.S. and one of the world's most diversified casino providers(¹) $1,050mm Annual Rent to VICI Over 55 Casinos in 16 States Across the U.S. 1st and Largest Loyalty Program in the Industry 56% Leased vs. 44% Owned Assets Caesars Palace VICI PENN NATIONAL GAMING, INC. Penn National Gaming (NASDAQ: PENN) is the rgest U.S. regional gaming operator with a leading portfolio of regional assets $79.1mm Annual Rent to VICI 41 Properties in 19 Jurisdictions Across the U.S. 193 Food & Beverage Locations Margaritaville Hard Rock Hard Rock has developed a leading global presence as one of the world's recognized brands and has achieved an investment grade credit rating I $42.8mm Annual Rent to VICI Over 260 Branded Hard Rock Venues in 76 Countries 13 Casinos Hard Rock Cincinnati CENTURY™ CASINOS Century Casinos (NASDAQ: CNTY) is an international gaming company that develops, owns, and operates small to mid- sized casinos in mid-tier markets $25.0mm Annual Rent to VICI 18 Casinos in 4 Countries and 5 Cruise Ship-Based Casinos marcas Aceeee LLLL Mountaineer Casino J·A·C·K· ENTERTAINMENT JACK Entertainment is a regional gaming company that is part of the Rock Ventures Family of Companies, currently controlled by Dan Gilbert and affiliates I $65.9mm Annual Rent and $6.3mm Interest Payment to VICI(2) Rock Ventures also owns Quicken Loans, Bedrock and the Cleveland Cavaliers JACK Cleveland Source: Caesars, Penn and Century public filings, Hard Rock and JACK Entertainment website. We have not independently verified this data and are presenting it in accordance with each company's respective public disclosure. (1) Reflects consummation of the Eldorado/Caesars Merger and the Eldorado Transaction on July 20, 2020. (2) Reflects JACK Lease Agreement Amendment and Amended and Restated ROV Loan entered into on July 16, 2020. 8

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