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RAS Technology Holdings Limited (ASX:RTH)

ALERT: Price-sensitive ASX Announcement for RTH
Current share price for RTH : $0.550 -0.67 (-54.92%)+
Announcement
Release
5 Nov 2025 9:53AM
Price at Release
$1.220
Full Release
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Summary
RAS Technology Holdings Limited announced a significant agreement with LeoVegas Group to manage the delivery of racing services for their UK brands, including BetMGM UK. This deal, expected to commence by mid-2026, involves RAS providing pre-race data, enhanced content, and a fully Managed Trading Service, all integrated into LeoVegas’ existing operations. The agreement, reached after a comprehensive global tender process, is structured to ensure RAS receives a percentage of the Net Gaming Revenue, promising substantial revenue benefits due to LeoVegas’ established customer base. This collaboration is a strategic move to expand RAS’s footprint as a managed-trading partner in regulated markets.
Key Points
  • RAS signs a milestone agreement with LeoVegas Group for UK racing services.
  • The agreement includes pre-race data, enhanced content, and a Managed Trading Service.
  • A comprehensive tender process preceded the agreement.
  • RAS to receive a percentage-based share of Net Gaming Revenue.
  • The deal is expected to provide significant revenue benefits.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.