RAS Technology (ASX:RTH) inks extended AU$5M deal with Entain

2 min read | July 12, 2022 03:28 PM AEST | By Aditi Sarkar

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RAS Technology (ASX:RTH) inks extended AU$5M deal with Entain — Image source: © Rido | Megapixl.com

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Highlights

RAS Technology has signed an expanded five-year contract worth AU$5 million with Entain Group Pty Ltd

The deal with Entain provides RAS Technology an excellent platform for growth.

Under the contract, RAS will provide all improved racing content to Entain

RAS Technology Holdings Ltd (ASX:RTH) has made an important announcement today regarding a contract extension. The company has signed an expanded five-year contract worth AU$5 million with sports betting company Entain Group Pty Ltd (Entain) in Australia.

RAS offers fully integrated quality data and improved content to the worldwide racing and betting industries. As of 31 March 2022, the company’s annualised recurring monthly revenue stands at AU$9 million. The deal with Entain offers RAS Technology Holdings an excellent platform for growth.

Entain is one of the top global sports betting and gaming entertainment operators. Under the contract, RAS will provide enhanced racing content to Entain. Other important things on offer for Entain are:

According to Dean Shannon, CEO of Entain Australia, racing and sports have been a dependable and stable provider of high-quality data and live feeds. It makes complete sense to take this commercial collaboration to another level.

Stock information: At the time of writing this article, shares of RTH were trading at AU$0.505 with a gain of 1.000%.

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