Gaming Property Investment Overview

Strength & Durability Through Diversification Diversification across states / licensing jurisdictions is a key factor in ensuring our cash flow's durability. Our diverse footprint across 17 states is by design. No single property generates > 6.0% of 2020 pro forma gross gaming revenues (2) * PENN Operated Casino Casino Queen BYD Operated Casino (1) Casinos Owned & Operated CZR Operated Casino (1) BALY Operated Casino (1) (1) Include two pro forma acquisition properties, Tropicana Evansville and Dover Downs to be operated by Bally's, whose closing is subject to regulatory approval and closing conditions (2) Based on 2020 annual gaming revenues reported by gaming commissions. Excludes states that do not report by property gaming revenue results Source: Company Filings and Earnings Releases 4

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