J&J Gaming Affiliate Completes Acquisition of Nevada Distributed Gaming Operations from Golden Entertainment

J&J Ventures Gaming, January 10

J&J Gaming Affiliate Completes Acquisition of Nevada Distributed Gaming Operations from Golden Entertainment

J&J Ventures Gaming, LLC (“J&J Gaming”) announced today that its  affiliate, J&J Ventures Gaming of Nevada, LLC (“JJVG Nevada”), completed the purchase of Golden  Entertainment, lnc.’s distributed gaming operations in Nevada, following receipt of all necessary approvals  from the Nevada Gaming Control Board and Nevada Gaming Commission. Headquartered in Illinois and  majority-owned by funds managed by Oaktree Capital Management, LP. (“Oaktree”), J&J Gaming is the  national leader in the installation and operation of regulated gaming devices in restaurants, bars, taverns,  gaming parlors, convenience stores, truck stops and other authorized venues.

JJVG Nevada’s purchase of the Nevada operations follows the previously announced acquisition of Golden  Entertainment’s Montana distributed gaming business in September 2023 by a subsidiary of J&J Gaming.  The Nevada operations provide J&J Gaming access to a market that consistently leads the nation in  population expansion and the largest locals gaming market. The Montana market is unique in that it has no  commercial casino operations and allows locations to have up to 20 gaming devices. Together, these  platforms bring 11,600 gaming terminals in more than 1,000 locations to J&J Gaming and its affiliates. On a  combined basis, J&J Gaming, along with its subsidiaries and affiliates, provides gaming-as-a-service to 3,600  locations in various regulated jurisdictions.

“We and our affiliate, JJVG Nevada, are committed to preserving Golden Entertainment’s legacy in  distributed gaming and the reputation it has established. By combining our strengths and leveraging  Golden’s expertise, we intend to create greater value for our distributed gaming customers,” said J&J  Gaming’s CEO, Bob Willenborg.

“This Nevada acquisition is an exciting new chapter for J&J as it continues to grow, not only in overall size but  also geographic footprint,” said David Quick, Managing Director and Assistant Portfolio Manager in  Oaktree’s Special Situations Group and Manager of JJVG Nevada. “We offer a warm welcome to all of  Golden’s employees and customers from its Nevada distributed gaming business.”

Taft Stettinius & Hollister LLP and Kirkland & Ellis LLP served as legal advisors and Macquarie Capital served  as financial advisor to J&J Ventures Gaming, LLC.

About J&J Gaming

J&J Gaming, including its subsidiaries and affiliates, is the largest distributed gaming operator in the  United States providing gaming-as-a-service to non-casino locations such restaurants, bars, taverns,  convenience stores, truck stops and grocery stores in various regulated jurisdictions.

The company operates nearly 26,000 machines in 3,600 locations across Illinois, Nevada, Montana,  Pennsylvania and Nebraska. To learn more about J&J, visit our website at http://www.jjventures.com.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $179  billion in assets under management as of June 30, 2023. The firm emphasizes an opportunistic, value oriented, and risk-controlled approach to investments in credit, private equity, real assets and listed  equities. The firm has over 1,100 employees and offices in 20 cities worldwide. For additional information,  please visit Oaktree’s website at www.oaktreecapital.com.

Media Contact

Pam Hemmen

Chief Marketing Officer

(217) 342-2288 or pam.hemmen@jjventures.com