From Dealroom · · 40s
Press Association Buys Racing Data Firm
Press Association acquires ASX-listed racing data firm RAS Technology for premium price.
In brief
Press Association acquires ASX-listed racing data firm RAS Technology for premium price. Press Association has agreed to buy ASX-listed RAS Technology Holdings for an undisclosed premium over recent trading levels. Originally reported by Dealroom.
Quick answers
- Why Now?
- RAS expanded into wagering technology in 2025 by buying six Hong Kong racing businesses for US$2.59M, generating US$2.33M in FY24 revenue.
- What is the key takeaway from Press Association Buys Racing Data Firm?
- Press Association has agreed to buy ASX-listed RAS Technology Holdings for an undisclosed premium over recent trading levels.
Acquisition Deal
Press Association has agreed to acquire ASX-listed RAS Technology Holdings in an all-cash scheme of arrangement.
RAS Technology Business
RAS provides racing data, wagering technology and media services to clients including Entain, Flutter, Bet365, Hong Kong Jockey Club, and Tabcorp.
Why Now?
RAS expanded into wagering technology in 2025 by buying six Hong Kong racing businesses for US$2.59M, generating US$2.33M in FY24 revenue.
The takeaway
Press Association has agreed to buy ASX-listed RAS Technology Holdings for an undisclosed premium over recent trading levels.
