RHCO Grabs 80% Stake In Nigerian Lottery Operator, Launches Global Gaming Push
- Checkers
- Apr 28
- 3 min read
Readen Holding Corporation (OTC PINK: RHCO) is quickly emerging as one of the most intriguing fintech and gaming stories developing on the OTC, a perception shift driven by a burst of headlines in April. Guided by a leadership team with decades of combined experience in lottery operations, digital payments, and online gaming, the company is positioned to turn that news into real operational traction.
In the biggest news from the past month, RHCO finalized an 80 percent controlling stake in Morrich Lottery Limited, a fully licensed Nigerian operator. The deal hands RHCO lottery, sportsbook, and casino licenses on day one, sparing the company the extensive approval cycle most newcomers face. Nigeria’s gaming economy is already worth about $2.5 billion and is projected to grow more than 9 percent a year through 2030, so each license carries the potential to unlock new multimillion-dollar revenue streams.
With those licenses secured, RHCO can move straight to meeting demand. More than 60 million Nigerians already wager on sports, and wider mobile-internet coverage, a young population, and a growing middle class are lifting interest in lottery and other online games. RHCO plans to refresh Morrich’s lineup with modern scratch tickets and mobile-accessible titles like Keno, while also preparing an integrated sportsbook-and-casino platform built for the Nigerian market.
What amplifies the impact of the Morrich acquisition for RHCO is its seamless integration with the company’s broader fintech platform. From scratch tickets and Keno draws to future sportsbook wagers, every transaction will flow through Readies, the hybrid blockchain network operated by RHCO’s Czech-licensed subsidiary Finexeble S.R.O.
Already proven across Europe and Asia for fast, low-cost fiat and crypto settlements with built-in fraud protection, Readies will become Morrich’s exclusive payment rail and create a unified gaming and payments ecosystem. Instant payouts and optional crypto withdrawals can drive user engagement, while Readies’ cross-border capabilities give RHCO a scalable backbone for rapid expansion into other African and emerging markets.
RHCO enters this new phase on solid ground. The company reported $5.7 million in revenue last quarter alone, is profitable, and boasts $12.9 million in total assets. The company also carries no convertible notes, eliminating the risk of toxic dilution. With only about 24 million unrestricted shares held at DTC, the float remains exceptionally tight relative to the company’s growth trajectory.
Beyond Africa, RHCO is also expanding into Japan through a licensing agreement with Quantum Solutions Co., Ltd. and TGG Ventures Limited. These partners will help promote and scale the Readies payment system in Japan’s rapidly evolving digital economy, and success there could drive adoption of Readies in other high-value territories, boosting transaction volumes and, in turn, revenue growth. With its footprint growing in two of the world’s most promising regions, RHCO is establishing itself at the crossroads of fintech, blockchain, and digital entertainment on a global scale.
With a market cap around $14.8 million, a profitable core business, a newly acquired foothold in a booming African sector, and global expansion underway, RHCO stands out. Anyone watching the OTC for the next major fintech and gaming player should be paying close attention to this one.
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