P2E: Churchill Downs completes purchase of Peninsula Pacific Entertainment's assets in Virginia, NY and Iowa

Churchill Downs announced Tuesday the completion of its purchase of substantially all of the assets of Peninsula Pacific Entertainment, for total consideration of $2.75 billion. The P2E acquisition includes all of its assets and operations in Virginia, New York and Sioux City, Iowa; and follows receipt of customary licensing approvals from the Virginia Racing Commission, the New York State Gaming...