April 9, 2025

GPS Legal LLP advised RAS Technology Holdings Limited (“RAS”), in respect of the acquisition of six racing publications in Hong Kong

GPS Legal LLP represented RAS, through its subsidiary Racing and Sports Asia Limited (“RASA”) on the acquisition of six Hong Kong-based racing publications and a data service. The acquisition provides RAS with a significant presence in Hong Kong, one of the world’s distinguished wagering markets.

Publications acquired include the Hong Kong Daily News Racing Booklet and Newspaper, The Sun Racing Journal, WQ Racing Booklet, Turf Timers and Mark Six Lottery.

RAS is a global leader that provides full integrated racing and sports data, digital platform and content in racing and wagering industries worldwide. RAS was also listed on the ASX in 2021.

The acquisition allows RAS to offer a premium mix of international and local racing products tailored for Hong Kong and other key regions in Asia, expanding partnerships, increasing business benefits, supporting promotion of international events and potential increases in Hong Kong Jockey Club (HKJC) racing meetings.

“This deal represents more than market expansion – it’s a strategic investment in capability, efficiency, and future growth.” - Tim Olive, Financial Director of RAS

“We’re building a dominant position across Asia by leveraging our world – class data and technology.” - Stephen Crispe, CEO of RAS.

“This is a great achievement for Stephen, Gary and their team. I wish the RAS team success in their expansion in Hong Kong. I was thrilled to have the opportunity to support my client through this exciting acquisition.” - Brett Stewien, GPS Legal partner who led the firm’s deal team.

“Brett Stewien and the GPS Legal team have been a pleasure to work with,” commented Stephen Crispe, “Brett’s experience and guidance were crucial in navigating the intricacies of the acquisition process and I am very grateful for GPS Legal’s exceptional assistance, efficiency and advice.”

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About GPS Legal LLP‍

GPS Legal LLP's M&A practice regularly guides clients through multi-jurisdictional acquisitions and disposals.

GPS Legal LLP is Hong Kong law firm specialising in transactions and dispute resolution across the Asia Pacific regions. Its lawyers are dedicated to providing clients with legal services that are effective, creative and delivered with the level of price certainty expected in today’s global economy.

‍View ASX’s announcement: RAS Technology completes Hong Kong acquisition

View RAS’s announcement: RAS expands into Hong Kong activity

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