{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-024042","form_type":"8-K","ticker":"BYD","cik":"0000906553","company_name":"BOYD GAMING CORP","filed_at":"2025-07-31T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.654489+00:00","generated_at":"2026-05-17T22:38:37.929874+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":"Boyd Gaming completes sale of 5% FanDuel stake for $1.758B cash","bullets":["Received $1.758 billion cash from Flutter Entertainment for 5% equity interest in FanDuel.","Proceeds will be used to repay existing debt; company plans to maintain strong balance sheet.","New agreements provide extended market access with fixed fees; FanDuel-branded sportsbooks will transition to Boyd-operated.","Strategy remains to invest in properties, pursue growth, and return capital to shareholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-024042","json":"https://secwatch.observer/filing/0001437749-25-024042.json","markdown":"https://secwatch.observer/filing/0001437749-25-024042.md","text":"https://secwatch.observer/filing/0001437749-25-024042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/906553/000143774925024042/0001437749-25-024042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/906553/000143774925024042/bgc20250730_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T22:38:37.929874+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":"ee7a7b548eb972ca22a78d2fbf7dbd76373efafe","claim":"BOYD GAMING CORP completed a disposition involving TSE Holdings Ltd. for aggregate cash consideration of $1.758 billion (closed 2025-07-31).","evidence_excerpt":"entirely by Boyd Entities, but utilizing certain sports betting data feeds provided by FanDuel or its affiliate. Boyd Interactive was paid aggregate cash consideration of $1.758 billion in connection with the transactions contemplated by the Purchase Agreement. For additional information regarding the Purchase Agreement, see the Current Report on Form 8-K","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/906553/000143774925024042/0001437749-25-024042-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"TSE Holdings Ltd."},{"label":"Consideration","value":"aggregate cash consideration of $1.758 billion"},{"label":"Closing","value":"2025-07-31"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}