Readen Holding Corporation Acquires Morrich Lottery.

Readen Holding Corporation (OTC Pink: RHCO) has completed the acquisition of an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This move marks RHCO’s entry into Africa’s rapidly expanding gaming market, one of the fastest-growing sectors globally.

With this acquisition, RHCO will launch lottery services in Nigeria, tapping into an industry valued at approximately $52.5 billion. Nigeria’s gambling industry is projected to grow at an annual rate of over 9%.

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RHCO will use its expertise to deliver a variety of gaming verticals while enhancing revenue through digital payment solutions and e-commerce integrations. The company also plans to introduce advanced lottery games, such as scratch cards, instant win games, and online lottery services, supported by local content and strategic promotions.

Given Nigeria’s growing population and rising internet penetration, RHCO sees significant opportunities in the lottery sector. The company intends to expand its presence across Africa, positioning itself as a key player in the region’s gaming market.

Founded in 1997, Readen Holding Corporation continues to grow its global footprint by combining gaming, digital payments, and e-commerce solutions to capitalize on emerging markets.

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