RAS Technology Holdings Secures New Deals and Contract Extensions
Key points
- New deals expected to contribute $2.0 million in annualised revenue
- Partnership with UK-based Altenar with multiple brands live
- 5-year extension of TABtouch racing data and content contract
- LeoVegas first phase live with Swedish brands
- Strong growth in Asian market
Full summary
RAS Technology Holdings Ltd (ASX: RTH) announces the execution of new customer agreements and contract extensions expected to contribute at least an additional $2.0 million in annualised revenue. The company has signed a platform provider partnership deal with UK-based Altenar, with three customer brands already live and more in the pipeline. Additionally, RAS has extended its international content agreement with TABtouch for a further five years, expanding the scope to include enhanced data and content for Australian thoroughbred, harness, and greyhound racing. The company has also launched its commercial agreement with LeoVegas, initially with BetMGM Sweden, and plans to roll out major UK brands by Q1 FY27. These agreements reflect the company's strong growth momentum across its key strategies, including Wagering Technology and Asian Market expansion.
Guidance
New deals expected to contribute $2.0 million in annualised revenue
Outlook
RAS Technology Holdings Ltd anticipates further deals to close before the end of FY26, with strong momentum in its Asian business performing ahead of expectations.
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