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READEN HOLDING CORP (OTC PINK: RHCO) FINALIZES ACQUISITION OF MORRICH LOTTERY LIMITED, SECURES LOTTERY, SPORTSBOOK, AND CASINO LICENSES IN NIGERIA
READEN HOLDING CORP (OTC PINK: RHCO) FINALIZES ACQUISITION OF MORRICH LOTTERY LIMITED, SECURES LOTTERY, SPORTSBOOK, AND CASINO LICENSES IN NIGERIA.
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[{"type":"text","content":"\n\n\n\nREADEN HOLDING CORP (OTC PINK: RHCO) FINALIZES ACQUISITION OF MORRICH LOTTERY LIMITED, SECURES LOTTERY, SPORTSBOOK, AND CASINO LICENSES IN NIGERIA\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n\n\n\n\n\n\nREADEN HOLDING CORP (OTC PINK: RHCO) FINALIZES ACQUISITION OF MORRICH LOTTERY LIMITED, SECURES LOTTERY, SPORTSBOOK, AND CASINO LICENSES IN NIGERIA\nPR Newswire\nHONG KONG, April 23, 2025\n\n\n\nHONG KONG, April 23, 2025 /PRNewswire/ -- 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.\n\nWith 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.\nStrategic Rollout by Category\nRHCO'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:\nLottery: 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 Nigerian...