Holding Corporation Successfully Acquires Morrich Lottery Company in Nigeria
Heads up! The Readen Holding Corporation (RHCO), a leading fintech and e-commerce venture capital firm, has just seized a golden opportunity with the acquisition of an 80% stake in Morrich Lottery Limited, a Nigerian lottery operator with a full license.
This move gives RHCO a foothold in a gaming market valued at around $2.5 billion and projected to escalate by more than 9% a year until 2030. With that explosive growth on the horizon, RHCO is ready to make some serious moves.
Let's Dissect the Deals
In simple terms, RHCO is now the big kahuna in Nigerian lottery, casino, and sportsbook operations. With this newfound control, the company is set to dominate and redefine the digital gaming landscape in the region.
A New Era for Gaming in Nigeria
RHCO's operational roadmap presents an exciting future for Nigeria's gaming sector. Each vertical, casino, sportsbook, and lottery will have industry-specific operating partners deployed to ensure smooth operations. These partners will leverage innovative scratch tickets, Keno, and mobile-first technologies to bring a fresh edge to the gaming experience.
To bolster their reach, RHCO will introduce an all-encompassing betting platform, complete with real-time odds and secure, lightning-fast payouts. This platform will be seamlessly integrated with Readies, RHCO's hybrid blockchain-powered payment system, for effortless fiat and cryptocurrency transactions.
The company also aims to break into the lucrative online casino market, targeting a staggering $500 million in income over the long haul. To achieve this, RHCO plans to follow local regulations and gradually introduce regulated internet and venue-based gambling activities.
Readies: The Force Behind the Strategy
At the heart of RHCO's strategy lies Readies, which has been making waves in Europe and Asia. This versatile payment system will now serve as the sole rail for all Morrich platforms, ensuring quick, transparent, and secure transactions while providing top-notch fraud prevention.
Ready for Takeoff
According to RHCO's CEO, Ridzky Berg, this acquisition is more than just a financial deal. It's a springboard for RHCO to establish new standards for integrated, secure, and user-friendly gaming platforms across the region.
This expansion is backed by a seasoned Dutch management team boasting over 30 years of lottery operations and 15 years in online gambling and gaming technology experience. With such expertise on board, RHCO is fully prepared to maintain the highest standards of integrity, innovation, and compliance in all gaming activities.
Join the Action
Welcome to the thrilling world of gaming with RHCO! Get ready to discover a new era of seamless, high-quality gaming experiences in Nigeria. Don't miss out - follow us on Telegram to stay up-to-date with the latest news and developments.
- The Readen Holding Corporation (RHCO), having seized a 80% stake in Morrich Lottery Limited, will dominate and redefine the digital gaming landscape in Nigerian lottery, casino, and sportsbook operations.
- As part of its operational roadmap, RHCO will introduce an all-encompassing betting platform, integrating Readies, its hybrid blockchain-powered payment system, for easy fiat and cryptocurrency transactions.
- RHCO has ambitious plans to break into the lucrative online casino market, targeting $500 million in income over the long haul, with a focus on following local regulations and gradually introducing regulated internet and venue-based gambling activities.
- Readies, a versatile payment system making waves in Europe and Asia, will serve as the sole rail for all Morrich platforms, ensuring quick, transparent, and secure transactions while providing top-notch fraud prevention.
- With a seasoned Dutch management team combining over 30 years of lottery operations and 15 years in online gambling and gaming technology experience, RHCO is committed to maintaining the highest standards of integrity, innovation, and compliance in all gaming activities.
