Corporate Partner and Head of Mergers & Acquisitions, Ng Yi Wayn, successfully acted as Singapore counsel to PA Media Group and its subsidiary, PA Betting Services, in its acquisition of iRace Media, a leading horse racing data company in Southeast Asia, based in Singapore, for an undisclosed amount.
PA Media Group comprises a diverse portfolio of specialist media companies, spanning news & information, technology and communications services. Its flagship brand, PA Media, is the UK and Ireland’s national news agency. Alongside PA Media, the Group is also the parent company of numerous businesses including PA Betting Services, a leading supplier of data and content for the betting industry. With a legacy of serving the racing and betting industry that stretches back over 60 years, their services are underpinned by their unrivalled horse and greyhound racing coverage and reputation for speed and accuracy.
iRace Media is a leading racing data provider in Southeast Asia with a reputation for data accuracy and cutting-edge services, working with B2B customers such as The Hong Kong Jockey Club, Singapore Pools, 4Racing and Tabcorp to promote their racing coverage in the region. They supply comprehensive data, content, technology and an array of racing solutions and products, with a commitment to provide unparalleled racing information to their clientele and business associates worldwide. iRace Media also produces the award-winning publication “iRace”, the most extensive racing form guide for consumers in Asia.
This acquisition signifies a significant step forward in the world of racing. With PA Betting Services’ deep-rooted knowledge in the industry and iRace Media’s expertise in the Asian market, the partnership promises to revolutionise the way racing information is delivered and experienced globally. The combination of their comprehensive racing database, knowledge and expanded distribution network is set to offer unparalleled value to rightsholders, bookmakers, affiliates, and media partners.