Investor Presentaiton

TRWH has Grown Through a Disciplined Investment Strategy Lincoln Hotel Construction ($31 million) Organic Growth Initiatives 2018 2020 Tiverton Construction ($131 million) Isle-KC Redevelopment (~$40 million renovation) 2014 Hard Rock Biloxi Acquisition & Expansion ($240 million) Strategic M&A 2019 Dover Downs Merger ($96 million(¹)-mostly stock) 2020 Black Hawk Acquisition ($51 million) ERI/CZR Asset Acquisitions ($410 million) pending GOLDEN GATES CA MARDI GRAS isle. TWIN RIVER TIVERTON CASINO HOTEL AS RIVER PROPERT Revenue by Segment ($ in millions) $192 (2) $192 100% 2013 100% of Revenue from NE IGT Partnership, pending IGT Hard Rock HOTEL & CASINO BILOXI Come Play DOVER DOWNS HOTEL CASINO VICK Ladylick KANSAS CITY ELDORADO BALLY'S ATLANTIC CITY MONTBLEU LARE TAMR (3) $547 $104 19% $437 $421 29% 23% 29% $123 $125 $128 71% 71% 58% $298 $312 $315 2017 2018 Legacy Twin River / Newport Grand Biloxi Dover Downs Meaningful Growth and Diversification PF 2019 58% of Revenue from NE 1) Purchase price net of cash acquired. TRWH 2) Reflects Company's revenue for the year ended December 31, 2013 per audited financial statements but not adjusted for accounting guidance ASC 606. 3) Includes Dover Downs pro-forma for Q1 2019. Does not include any estimated synergies or impacts of changes in Delaware legislation. Does not include impact of 2020 acquisitions. 21

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