RAS Technology Holdings Ltd (ASX:RTH), a leading provider of fully integrated premium data and enhanced content and technology solutions to the global racing and wagering industries, has announced a significant commercial agreement with LeoVegas Group. The agreement will see RAS take over the delivery of racing services for LeoVegas’ UK brands, including BetMGM UK. The contract win follows a comprehensive global tender and due diligence process, with the service transfer expected by mid-2026.
Under the terms of the agreement, RAS will provide a comprehensive suite of services. These include pre-race data, enhanced content, official race day data from major global rightsholders, and a fully Managed Trading Service (MTS). The services will be delivered through a unified integration aimed at reducing costs and simplifying operations for LeoVegas Group.
RAS demonstrated its Tier 1 Racing Service during the tender process. The service features a modular and flexible product design that seamlessly integrates into LeoVegas Group’s strategy. The compensation structure for RAS will be based on a percentage of net gaming revenue (NGR). The company anticipates material revenue from the deal, leveraging LeoVegas Group’s established brands and customer base.
Stephen Crispe, Managing Director and CEO of RAS Technology, hailed the agreement as a milestone. He noted it will strengthen the company’s strategic footprint as a managed-trading partner and accelerate MTS growth in regulated markets. Jonathon Hurst, Head of Football & Racing at LeoVegas Group, expressed his pleasure in signing RAS as their racing service provider in the UK, highlighting the importance of locally tailored offers for British players.
