• Milestone agreement signed to take over delivery of racing service for LeoVegas UK brands
• RAS to provide pre-race data, enhanced content, race day data, and managed trading service
• Percentage-based share of net gaming revenue (NGR) expected to deliver material revenue

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 signed a commercial agreement with LeoVegas Group to take over the delivery of the racing service for its brands in the UK. This follows a thorough global tender and due diligence process. As part of the agreement, RAS will provide pre-race data, its signature enhanced content, official race day data from all major global rightsholders and a fully Managed Trading Service (MTS), all delivered through a unified integration designed to reduce costs, simplify operations and future-proof the racing vertical. The compensation structure for delivering the racing solution will be linked to a percentage of the NGR. The deal is anticipated to provide material revenue for RAS from commencement, given LeoVegas Group already has strong brands and a substantial existing customer base.

The compensation structure for delivering the racing solution will be linked to a percentage of the Net Gaming Revenue (NGR) generated initially from the Leo Vegas brand BetMGM and then their other UK brands. This deal is considered material and anticipated to provide meaningful revenue for RTH from commencement.

The service is expected to transfer across to RAS by mid-2026. The three-year term commences on the service start date and continues for a period of 36 months unless otherwise terminated in accordance with the terms of the agreement.