Readen Holding Corporation (RHCO), a fintech, digital payments, and e-commerce venture capital firm, has signed the final deal to purchase an 80% controlling stake in Morrich Lottery Limited, a Nigerian lottery operator with a full license.
With the completion of this transaction, RHCO now has active licenses to operate casinos, sportsbooks, and lotteries in Nigeria, giving it access to a gaming market worth an estimated $2.5 billion that is expected to grow by more than 9% a year until 2030.
According to RHCO’s operational roadmap, each vertical will have industry-specific operating partners deployed. These verticals are casino, sportsbook and lottery.
In order to achieve widespread acceptance through retail and digital channels, Readen Holding Corporation will reinvent Morrich’s offers with scratch tickets, Keno, and mobile-first technologies. RHCO will introduce a full-spectrum betting platform with real-time odds and quick, secure payouts that is integrated with Readies. The market for online casinos is growing quickly, and RHCO hopes to generate over $500 million in income over the long run. The gradual introduction of regulated internet and venue-based gambling activities will adhere to local regulations.
Related Articles
-
iGaming AFRIKA set to Attend AGE Lagos 2025 -
KRA to Monitor Crypto Transactions with a New Tax System -
South African Associate of GS Partners Crypto and Metaverse Scheme Arrested! -
Donald Trump Says He Wants All Remaining Bitcoin to Be ‘Made in USA’!
Read Also: EveryMatrix set for another standout year with strong Q1 performance
Readies, RHCO’s hybrid blockchain-powered payment system, is at the core of this strategy. Readies, which is already causing a stir in Europe and Asia, will now be the sole payment rail for all Morrich platforms, managing fiat and cryptocurrency transactions quickly, transparently, and with fraud prevention.
“This is more than an acquisition — it’s a strategic launchpad into one of the most dynamic gaming markets in the world. Nigeria’s youthful population, expanding internet access, and growing appetite for digital gaming make this a prime market. With our proven fintech backbone and seasoned leadership, we’re ready to set a new standard for integrated, secure, and user-friendly gaming platforms across the region, “said the CEO of RHCO, Ridzky Berg
The expansion of RHCO is supported by a Dutch management team that has over 15 years of experience in online gambling and gaming technology and over 30 years of experience in lottery operations. The greatest standards of integrity, innovation, and compliance will be upheld in all gaming operations conducted under the umbrella of RHCO thanks to this extensive industry knowledge.