{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-023083","form_type":"8-K","ticker":"PENN","cik":"0000921738","company_name":"PENN Entertainment, Inc.","filed_at":"2023-02-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.588055+00:00","generated_at":"2026-06-19T08:28:59.459278+00:00","sec_items":["3.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PENN Entertainment completes acquisition of remaining Barstool Sports stake for $388M","bullets":["Acquired remaining 64% interest in Barstool Sports for ~$388M; issued 2.44M shares and used ~$315M cash.","Barstool wholly owned subsidiary of PENN; strengthens digital sports, gaming and entertainment portfolio.","Since 2020 initial investment, Barstool grew audience 194%, podcast downloads 1.6B, ad sales up 160%.","Barstool Sportsbook live in 15 states; migration to proprietary tech stack expected to enhance product."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-023083","json":"https://secwatch.observer/filing/0001104659-23-023083.json","markdown":"https://secwatch.observer/filing/0001104659-23-023083.md","text":"https://secwatch.observer/filing/0001104659-23-023083.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/921738/000110465923023083/0001104659-23-023083-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/921738/000110465923023083/tm237071d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T08:28:59.459278+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}