Investor Presentaiton

OWNER OF MARQUEE ASSETS ON THE LAS VEGAS STRIP... VICI OWNS ~39,700 HOTEL ROOMS AND ~5.9MM SF OF CONFERENCE, CONVENTION, AND TRADE SHOW SPACE ON THE LAS VEGAS STRIP Las Vegas Convention Center The Venetian Resort Resorts World The Mirage MSG Sphere(¹) Wynn Flamingo Rd Harrah's Las Vegas MSG Sphere VICI owns ~660 acres of underlying land across the Las Vegas Strip, in addition to VICI's existing call rights on ~28 acres relating to the Caesars Forum Convention Center VICI owns 27 acres of undeveloped land strategically located adjacent to The LINQ and behind Planet Hollywood as well as 7 acres of Strip frontage property at Caesars Palace; all of which is subject to and part of a master lease with Caesars New York-New York MGM Grand Venetian Caesars Expo D VICI Land Forum VICI Convention Land The Venezia The Venetian The Palazzo Bally's(2) Flamingo(2) Planet Hollywood (2) Paris(2) The LINQ (2) MGM Grand Treasure Island VICI Land The Mirag Bellagio Caesars Palace Caesars Palace The Cosmopolitan Excalibur Luxor South Las Vegas Blvd The Shops at Crystals Park MGM New York New York Excalibu Luxor Mandalay Bay ARIA Park MGM The Park Las Vegas (3) Mandalay Bay VICI VICI Las Vegas Strip Holdings and Investments Portfolio VICI's Land Portfolio (1) VICI owns the land under the MSG Sphere. (2) Please refer to page 23 for a summary of terms and conditions of VICI's existing and pending put/call and ROFR agreements. (3) The Park Las Vegas is a dining and entertainment district that connects New York-New York and Park MGM. 10

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