{"schema_version":"secwatch.filing_event.v1","accession":"0000020212-22-000158","form_type":"8-K","ticker":"CHDN","cik":"0000020212","company_name":"Churchill Downs Inc","filed_at":"2022-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:53.069938+00:00","generated_at":"2026-06-22T19:32:24.684445+00:00","sec_items":["2.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Churchill Downs completes $2.75B acquisition of Peninsula Pacific Entertainment assets","bullets":["Acquired Colonial Downs, six Rosie's HRM venues in Virginia, del Lago Resort & Casino (NY), Hard Rock Hotel & Casino (IA).","Total cash consideration $2.75B; assets include about 2,700 historical racing machines, casinos, hotels.","Development rights for up to 5 additional HRM venues in VA; new venues in Dumfries (2023) and Emporia (2023).","Includes partnership with Urban One to develop ONE Casino + Resort in Richmond, VA ($565M project).","CEO Bill Carstanjen: transaction expands geographic footprint to IA, NY, VA with organic growth opportunities."],"urls":{"canonical":"https://secwatch.observer/filing/0000020212-22-000158","json":"https://secwatch.observer/filing/0000020212-22-000158.json","markdown":"https://secwatch.observer/filing/0000020212-22-000158.md","text":"https://secwatch.observer/filing/0000020212-22-000158.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/20212/000002021222000158/0000020212-22-000158-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/20212/000002021222000158/chdn-20221101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T19:32:24.684445+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f1ad979adb9f30155c21333e80c49823e7f9618f","claim":"Churchill Downs Inc completed an acquisition involving Peninsula Pacific Entertainment Intermediate Holdings LLC for $2.75 billion in cash (closed 2022-11-01).","evidence_excerpt":"or Disposition of Assets On the Closing Date, pursuant to the Purchase Agreement, the Company completed the P2E Transaction. The Company paid an aggregate consideration of US$2.75 billion in cash in connection with the P2E Transaction, subject to customary adjustments for working capital, indebtedness and certain other adjustments as set forth in the Purchase","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/20212/000002021222000158/0000020212-22-000158-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Peninsula Pacific Entertainment Intermediate Holdings LLC"},{"label":"Consideration","value":"$2.75 billion in cash"},{"label":"Closing","value":"2022-11-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}