NEW ROYAL HOLDCO I INC.

Golden Entertainment, Inc. owns and operates a diversified entertainment platform focused on casino and branded tavern operations. The company's portfolio includes eight casino properties located in Nevada and 72 branded taverns primarily targeting local patrons in the greater Las Vegas, Nevada metropolitan area. Golden Entertainment, Inc. was incorporated in Minnesota in 1998 and its shares began trading publicly in January 1999. On November 6, 2025, the company entered into an agreement to sell its operating assets to Blake L. Sartini, the Chairman of the Board of Directors and Chief Executive Officer, and affiliates. Additionally, seven of its casino real estate assets will be sold to VICI Properties Inc. Golden shareholders will receive 0.902 shares of VICI common stock for the real estate asset sale and a cash dividend of $2.75 per share of Golden common stock. VICI will assume and repay up to $426 million of outstanding debt under Golden's senior secured credit facilities and will enter into a master lease agreement with a new entity owned by Blake Sartini. This transaction is expected to close in mid-2026.