$RHCO Readen Holding Corporation (OTC PINK: RHCO),
Post# of 25588
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Posted On: 04/24/2025 9:56:40 AM
$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.
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.
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