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Blake L. Sartini and affiliates will acquire operating assets from Golden Entertainment for a fixed exchange ratio of 0.902 shares of VICI common stock and a cash distribution of $2.75 per share. VICI Properties will acquire seven casino real estate assets from Golden Entertainment for a fixed exchange ratio of 0.902 shares of VICI common stock. The transaction is valued at $30.00 and represents a 41% premium to Golden's closing share price on November 5, 2025.

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