Highlights

  • RAS secures agreement with LeoVegas Group to manage UK racing services by mid-2026.
  • Deal includes provision of pre-race data, enhanced content, and Managed Trading Service.
  • Revenue linked to LeoVegas’ net gaming revenue share expected to be material upon launch.

RAS Technology Holdings Ltd (ASX:RTH), a provider of integrated data, content, and technology solutions for the global racing and wagering sectors, has announced a commercial agreement with LeoVegas Group. Under the deal, RAS will take over delivery of the racing service for LeoVegas’ UK brands, including BetMGM UK.

Scope of the Agreement

As part of the arrangement, RAS will deliver pre-race data, enhanced content, official race day data from all major global rightsholders, and a fully Managed Trading Service (MTS). These services will be provided through a unified integration aimed at streamlining costs, simplifying operations, and future-proofing LeoVegas’ racing vertical.

During the tender process, RAS showcased its Tier 1 Racing Service, which features modular and flexible design compatible with LeoVegas Group’s strategy. The company also demonstrated the system’s capability through stress testing in real-world conditions.

In addition, RAS proposed a collaborative roadmap focusing on continuous improvement and shared performance metrics, aligning closely with LeoVegas’ operational goals.

Revenue Model and Expected Impact

The financial structure of the agreement is tied to a percentage of net gaming revenue (NGR). Given LeoVegas Group’s established UK market presence and large customer base, the deal is expected to generate material revenue for RAS upon commencement.

Management Commentary

“The agreement will showcase RAS’ solution, as a truly independent service provider, requiring just one integration to deliver all official data, pricing, trading, and editorial, with no third parties required, allowing LeoVegas Group to differentiate faster and scale with confidence. We are very pleased to sign RAS as our racing service provider in the UK. Horse racing is a sport with its strongest following in Britain, and having locally tailored offers like this is a fundamental element in delivering the greatest igaming experience to players.”

Share performance of RTH

RTH’s shares traded at AUD 1.260 per share on 05 November 2025, up by 3.27% from its previous close of AUD 1.220.