The PA Signs Binding Deal to Acquire RAS Technology Holdings and Combine with Podium Data Business

The PA has entered into a binding agreement to acquire 100% of RAS Technology Holdings Limited (RAS), the Australian-listed owner of Racing and Sports. The transaction is expected to complete in February 2027.

The deal will unite RAS with The PA’s existing sports data operation, Podium, expanding racing and sports betting data services and deepening its position in the Australian wagering market. As reported by iGaming Future, the acquisition takes the form of a court-approved scheme of arrangement and remains subject to shareholder, court and other customary approvals.

Deal Structure, Approvals and Shareholder Position

RAS, founded in 1999 and listed on the ASX since 2021, supplies analytics, wagering technology and digital media services across Australia and Asia. Podium has operated in the racing sector for more than 40 years.

The RAS board has unanimously recommended the transaction. Founders Gary Crispe and Robert Vilkaitis, who hold or control approximately 34% of the shares, have indicated they will support it, subject to customary qualifications. Until closing, the businesses will continue to operate separately. The principal risk lies in securing Federal Court approval and satisfying all conditions in the Scheme Implementation Deed; any shortfall would leave the combination uncompleted.

Integration Plans and Forward Market Position

The combined entity will integrate Podium’s sports API with RAS’s trading services and Wagering 360 platform, widening the data and technology suite available to operators, broadcasters and rights holders.

Emily Shelley, CEO of The PA, said: “The PA and Racing and Sports share a commitment to trust and integrity. The businesses’ complementary strengths and global reach will offer customers more of what they value: a wider range of data, deep wagering knowledge and coverage across more markets.”

Stephen Crispe, CEO of Racing and Sports, stated that the pairing will deliver broader products, more expansive data options and innovative technology while retaining built-up expertise and relationships. Josh Sparke, MD of Podium, added that the merger creates a stronger global proposition for racing and sport with greater capability to accelerate product innovation.

For operators and investors the key question is whether the planned integration delivers measurable gains in data breadth and speed to market once approvals clear. Execution risk around the February 2027 target remains material until court and shareholder votes conclude.

Reporting: iGaming Future

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