X0306 4 2017-10-06 1 0001705696 VICI PROPERTIES INC. NONE 0000858395 CAESARS ENTERTAINMENT OPERATING COMPANY, INC. ONE CAESARS PALACE DRIVE LAS VEGAS NV 89109 0 0 1 0 Common Stock, par value $0.01 per share 2017-10-06 4 J 0 1000 0.00 D 0 D On October 6, 2017 (the "Effective Date"), the Plan of Reorganization of Caesars Entertainment Operating Company, Inc. (the "Reporting Person") approved by the U.S. Bankruptcy Court on January 17, 2017, became effective and the Reporting Person transferred its real property assets and golf course operations to VICI Properties Inc. (the "Issuer") by means of a spin-off transaction. Pursuant to the Plan of Reorganization, on the Effective Date, the Issuer distributed all its capital stock to certain creditors of the Reporting Person. The reported disposition represents 100% of the Reporting Person's equity holdings in the Issuer. /s/ John Payne, Chief Executive Officer 2017-10-06