$RHCO Readen Holding Corporation (OTC PINK: RHCO), a venture capital specializing in Fintech, Digital Payments, and E-commerce, today announced the successful signing of the final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This milestone marks RHCO's official entry into the African gaming market — one of the fastest-growing and most promising sectors globally.

With the closing of this acquisition, RHCO now holds active licenses in Nigeria for lottery, sportsbook, and casino operations, unlocking access to an estimated $2.5 billion gaming market projected to grow over 9% annually through 2030. This move positions RHCO to become a major international force in regulated gaming, entertainment, and fintech infrastructure.

Strategic Rollout by Category

RHCO's operational roadmap includes the deployment of industry-specialized operating partners for each vertical, while RHCO retains full control of the financial and technical infrastructure through its proprietary Readies payment system:

Lottery: Nigeria's lottery market alone is valued at over $850 million annually. RHCO will revamp Morrich's offerings with scratch tickets, Keno, and mobile-first innovations, targeting mainstream adoption through retail and digital channels.
Sportsbook: With an estimated 60 million Nigerians engaging in sports betting, the sportsbook segment is projected to hit $1.2 billion in annual revenue. RHCO will launch a full-spectrum betting platform integrated with Readies, offering fast, secure payouts and real-time odds.
Casino: The online casino market is emerging rapidly, with RHCO targeting over $500 million in long-term revenue potential. Regulated online and venue-based gaming operations will be introduced in stages, in full compliance with local authorities.