Tabcorp signs new agreement for Data and Content

Key points

• Tabcorp signs new agreement with RAS for four years
• Contract value is $9.1 million plus indexation
• Agreement includes RAS's Fast Form service

Full summary

RAS Technology Holdings Ltd (ASX: RTH) has entered into a new agreement with Tabcorp to supply market-leading data and content, including RAS's Fast Form service, over a four-year term. The agreement is valued at $9.1 million plus indexation. RAS will provide content, analytics, and predictive models to Tabcorp to support their digital, retail, and vision assets. The agreement expands on a previous deal signed in May 2023 and includes the addition of the Fast Form service. The commencement date of the contract is 1 July 2026, with annual fees of $2.27 million subject to CPI indexation, capped at 5% per annum.

Guidance

Annual fees of $2.27 million over four years, subject to CPI indexation.

Outlook

RAS Technology Holdings Ltd expects the new agreement with Tabcorp to strengthen their partnership and enhance customer engagement.