---
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"
generated_at: "2026-06-22T19:32:24.684445+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Churchill Downs completes $2.75B acquisition of Peninsula Pacific Entertainment assets

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.01, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000020212-22-000158
- JSON: https://secwatch.observer/filing/0000020212-22-000158.json
- Plain text: https://secwatch.observer/filing/0000020212-22-000158.txt

## Key facts
- M&A Transactions
  Churchill Downs Inc completed an acquisition involving Peninsula Pacific Entertainment Intermediate Holdings LLC for $2.75 billion in cash (closed 2022-11-01).
  - Action: acquisition
  - Counterparty: Peninsula Pacific Entertainment Intermediate Holdings LLC
  - Consideration: $2.75 billion in cash
  - Closing: 2022-11-01
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/20212/000002021222000158/0000020212-22-000158-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.