How RAS Technology Won LeoVegas’ UK Racing Data Contract

A Strategic Win for RAS Technology

RAS Technology Holdings Limited (ASX, RTH) has announced a landmark commercial agreement with LeoVegas Group to become the primary provider of racing data and managed trading services for LeoVegas’ UK brands, including the prominent BetMGM UK. This deal, secured after a rigorous global tender and due diligence process, is set to commence by mid-2026 and represents a significant step in RAS’s expansion within regulated international markets.

Comprehensive Service Offering

Under the agreement, RAS will deliver a fully integrated racing service encompassing pre-race data, its signature enhanced content, official race day data sourced from major global rightsholders, and a fully Managed Trading Service (MTS). This unified platform is designed to streamline operations, reduce costs, and provide LeoVegas with a scalable solution that aligns seamlessly with their existing technology infrastructure.

Revenue Model and Market Implications

The contract’s compensation structure is tied to a percentage of net gaming revenue (NGR) generated by LeoVegas’ UK brands. Given LeoVegas’ established customer base and strong brand presence, RAS anticipates material revenue contributions from the outset. This performance-linked model underscores a partnership approach, aligning incentives and fostering shared success.

Industry Perspectives and Future Outlook

RAS’s Managing Director and CEO, Stephen Crispe, highlighted the strategic importance of this deal, emphasizing the company’s role as an independent service provider capable of delivering all official data, pricing, trading, and editorial content through a single integration. LeoVegas Group’s Head of Football & Racing, Jonathon Hurst, echoed this sentiment, noting the importance of locally tailored racing offers in the UK market to enhance player experience.

This agreement not only strengthens RAS’s footprint in the UK but also validates its modular and flexible product design, which was rigorously stress-tested during the tender process. The three-year term, commencing upon completion of implementation, positions RAS well for sustained growth and innovation in the competitive racing and wagering technology sector.