READEN HOLDING CORP (OTC PINK: RHCO) FINALIZES ACQUISITION OF MORRICH LOTTERY LIMITED, SECURES LOTTERY, SPORTSBOOK, AND CASINO LICENSES IN NIGERIA
Readen Holding (RHCO) has finalized the acquisition of an 80% controlling stake in Morrich Lottery , a licensed lottery operator in Nigeria. This strategic move grants RHCO access to Nigeria's gaming market, valued at approximately $2.5 billion with a projected 9% annual growth through 2030.
The company now holds licenses for lottery, sportsbook, and casino operations in Nigeria. The market segments include:
- Lottery: Valued at $850 million annually
- Sportsbook: Projected $1.2 billion in annual revenue
- Casino: Targeting $500 million in long-term revenue
RHCO will integrate its proprietary Readies payment system, a blockchain-powered solution operated through Czech-licensed Finexeble S.R.O., across all Morrich platforms. The company's Dutch management team brings 30 years of lottery operations experience and 15 years in online gambling technology.
Readen Holding (RHCO) ha completato l'acquisizione dell'80% delle quote di controllo di Morrich Lottery, un operatore di lotterie autorizzato in Nigeria. Questa mossa strategica consente a RHCO di accedere al mercato del gioco nigeriano, valutato circa 2,5 miliardi di dollari con una crescita annua prevista del 9% fino al 2030.
L'azienda detiene ora licenze per lotterie, scommesse sportive e operazioni di casinò in Nigeria. I segmenti di mercato includono:
- Lotterie: Valutate 850 milioni di dollari all'anno
- Scommesse sportive: Ricavi annuali previsti di 1,2 miliardi di dollari
- Casinò: Obiettivo di 500 milioni di dollari di ricavi a lungo termine
RHCO integrerà il proprio sistema di pagamento Readies, una soluzione basata su blockchain gestita dalla Finexeble S.R.O., autorizzata nella Repubblica Ceca, su tutte le piattaforme di Morrich. Il team di gestione olandese dell’azienda vanta 30 anni di esperienza nelle operazioni di lotterie e 15 anni nel settore della tecnologia per il gioco online.
Readen Holding (RHCO) ha finalizado la adquisición del 80% de participación mayoritaria en Morrich Lottery, un operador de loterías autorizado en Nigeria. Este movimiento estratégico otorga a RHCO acceso al mercado de juegos de Nigeria, valorado en aproximadamente 2.5 mil millones de dólares con un crecimiento anual proyectado del 9% hasta 2030.
La compañía ahora posee licencias para operaciones de lotería, apuestas deportivas y casinos en Nigeria. Los segmentos de mercado incluyen:
- Lotería: Valorada en 850 millones de dólares anuales
- Apuestas deportivas: Ingresos anuales proyectados de 1.2 mil millones de dólares
- Casino: Objetivo de 500 millones de dólares en ingresos a largo plazo
RHCO integrará su propio sistema de pago Readies, una solución impulsada por blockchain operada por Finexeble S.R.O., con licencia en la República Checa, en todas las plataformas de Morrich. El equipo directivo holandés de la compañía aporta 30 años de experiencia en operaciones de lotería y 15 años en tecnología de juegos en línea.
Readen Holding (RHCO)가 나이지리아에서 허가받은 복권 운영사인 Morrich Lottery의 지분 80%를 인수 완료했습니다. 이 전략적 조치는 RHCO가 약 25억 달러 규모이며 2030년까지 연평균 9% 성장할 것으로 예상되는 나이지리아 게임 시장에 진입할 수 있게 합니다.
회사는 현재 나이지리아에서 복권, 스포츠북, 카지노 운영에 대한 라이선스를 보유하고 있습니다. 시장 세그먼트는 다음과 같습니다:
- 복권: 연간 약 8억 5천만 달러 규모
- 스포츠북: 연간 12억 달러 매출 예상
- 카지노: 장기적으로 5억 달러 매출 목표
RHCO는 체코에서 라이선스를 받은 Finexeble S.R.O.가 운영하는 블록체인 기반의 독자적인 Readies 결제 시스템을 Morrich의 모든 플랫폼에 통합할 예정입니다. 회사의 네덜란드 경영진은 복권 운영 경력 30년과 온라인 게임 기술 분야 15년의 경험을 보유하고 있습니다.
Readen Holding (RHCO) a finalisé l'acquisition de 80 % des parts majoritaires de Morrich Lottery, un opérateur de loterie agréé au Nigeria. Cette démarche stratégique offre à RHCO un accès au marché nigérian des jeux, estimé à environ 2,5 milliards de dollars avec une croissance annuelle projetée de 9 % jusqu'en 2030.
L'entreprise détient désormais des licences pour les opérations de loterie, de paris sportifs et de casino au Nigeria. Les segments de marché comprennent :
- Loterie : évaluée à 850 millions de dollars par an
- Paris sportifs : revenus annuels prévus de 1,2 milliard de dollars
- Casino : objectif de 500 millions de dollars de revenus à long terme
RHCO intégrera son propre système de paiement Readies, une solution basée sur la blockchain exploitée par Finexeble S.R.O., licenciée en République tchèque, sur toutes les plateformes de Morrich. L'équipe de direction néerlandaise de la société possède 30 ans d'expérience dans l'exploitation de loteries et 15 ans dans la technologie des jeux en ligne.
Readen Holding (RHCO) hat den Erwerb einer 80%igen Mehrheitsbeteiligung an Morrich Lottery, einem lizenzierten Lotteriebetreiber in Nigeria, abgeschlossen. Dieser strategische Schritt verschafft RHCO Zugang zum nigerianischen Glücksspielmarkt, der auf etwa 2,5 Milliarden US-Dollar geschätzt wird und bis 2030 ein jährliches Wachstum von 9 % erwartet.
Das Unternehmen besitzt nun Lizenzen für Lotterie-, Sportwetten- und Casinobetriebe in Nigeria. Die Marktsegmente umfassen:
- Lotterie: Jährlicher Wert von 850 Millionen US-Dollar
- Sportwetten: Prognostizierter Jahresumsatz von 1,2 Milliarden US-Dollar
- Casino: Langfristiges Umsatzziel von 500 Millionen US-Dollar
RHCO wird sein proprietäres Readies-Zahlungssystem, eine blockchain-basierte Lösung, die von der tschechischen Finexeble S.R.O. betrieben wird, auf allen Morrich-Plattformen integrieren. Das niederländische Managementteam des Unternehmens verfügt über 30 Jahre Erfahrung im Lotteriebetrieb und 15 Jahre in der Online-Glücksspieltechnologie.
- Acquired 80% controlling stake in licensed Nigerian lottery operator
- Access to $2.5B gaming market with 9% annual growth projection
- Secured three valuable licenses: lottery ($850M market), sportsbook ($1.2B potential), and casino ($500M potential)
- Integration of proprietary Readies payment system for competitive advantage
- Management team brings 30+ years of lottery and 15+ years of online gambling expertise
- Entering highly competitive and regulated gaming market
- Significant investment required for platform development and market penetration
- Operational risks in emerging market environment
With the closing of this acquisition, RHCO now holds active licenses in
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
- Sportsbook: With an estimated 60 million Nigerians engaging in sports betting, the sportsbook segment is projected to hit
$1.2 billion
- Casino: The online casino market is emerging rapidly, with RHCO targeting over
$500 million
Fintech Backbone: Readies Integration
Central to this strategy is Readies, RHCO's hybrid blockchain-powered payment solution. Already making waves in
Operated through RHCO's Czech-licensed subsidiary, Finexeble S.R.O., Readies ensures complete regulatory compliance while enabling cross-border payments, low-fee transactions, and seamless user onboarding — a crucial advantage in emerging markets like
Leadership Built on Decades of Experience
RHCO's expansion is underpinned by a Dutch management team with over 30 years of expertise in lottery operations and more than 15 years in online gambling and gaming technology. This deep industry knowledge ensures that all gaming activities under RHCO's umbrella will be run to the highest standards of integrity, innovation, and compliance.
Ridzky Berg, CEO of RHCO, commented: "This is more than an acquisition — it's a strategic launchpad into one of the most dynamic gaming markets in the world.
About Morrich Lottery Limited
Morrich Lottery Limited is a registered lottery operator in
Readen Holding Corp. (www.readenholdingcorp.com) is a publicly traded Venture Capital Corporation, with major holdings in the Fintech Industry and has been increasing its investment in E-commerce and E-payment sectors, such as;
OkePay: | |
OkePay VPOS: | |
Oke Partners / OkeApp: | |
Oke Travel Club: | |
OkToken: | |
Readies: | |
Neckermann Direct: | |
Two Percent: | |
Finexeble: |
RHCO is a diversified holding company, with an operating history of over 30 years, which seeks opportunities to acquire and grow businesses that can generate long-term sustainable free cash flow and attractive returns, in order to maximize value for all shareholders. RHCO has subsidiaries and liaison offices in
For further information please contact RHCO at info@readenholdingcorp.com
or +852 3950 5911
The RHCO corporate email address is info@readenholdingcorp.com
The RHCO corporate website can be accessed at www.readenholdingcorp.com
The RHCO Twitter account can be accessed at https://twitter.com/readenrhco
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Readen Holding Corp. to accomplish its stated plan of business. Readen Holding Corp. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Readen Holding Corp. or any other person.
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SOURCE Readen Holding Corporation
FAQ
What is the value of the Nigerian gaming market that RHCO is entering through the Morrich acquisition?
How much of Morrich Lottery did RHCO acquire in the recent deal?
What gaming licenses does RHCO now hold in Nigeria following the Morrich acquisition?
What is the projected annual revenue for RHCO's sportsbook segment in Nigeria?
How will RHCO handle payments across its Nigerian gaming operations?
