{"id":1397,"date":"2025-04-23T06:22:51","date_gmt":"2025-04-23T09:22:51","guid":{"rendered":"https:\/\/focusgn.com\/africa\/?p=1397"},"modified":"2026-04-19T17:37:23","modified_gmt":"2026-04-19T20:37:23","slug":"readen-holding-to-acquire-80-stake-in-nigerias-morrich-lottery-limited","status":"publish","type":"post","link":"https:\/\/focusgn.com\/africa\/readen-holding-to-acquire-80-stake-in-nigerias-morrich-lottery-limited","title":{"rendered":"Readen Holding to acquire 80% stake in Nigeria’s Morrich Lottery Limited"},"content":{"rendered":"\n

Readen Holding signs deal to supercharge Nigerian lottery operations with blockchain-powered Readies payment platform.<\/p>\n\n\n\n\n\n\n\n

Lagos, Nigeria – In a bold move that fuses fintech firepower with Africa’s fast-growing gaming market, venture-capital giant Readen Holding Corporation (RHCO)<\/strong> has announced a Memorandum of Understanding (MOU)<\/strong> to acquire an 80 per cent stake in Morrich Lottery Limited<\/strong>, a licensed Nigerian lottery operator.<\/p>\n\n\n\n

The deal signals RHCO’s strategic leap into the African continent, aligning with its global fintech ambitions while placing its blockchain-driven Readies payment platform<\/strong> at the heart of a major market expansion.<\/p>\n\n\n\n

Under the agreement, RHCO will lead Morrich’s transformation from a traditional lottery operator into a dynamic, tech-powered player. This includes expanding into Keno and scratch card lotteries<\/strong>, with eyes on casino gaming<\/strong> pending regulatory green lights.<\/p>\n\n\n\n

Hybrid payment system<\/h2>\n\n\n\n

But the real game-changer? The integration of Readies (RHCO’s hybrid payment platform) into every aspect of Morrich Lottery’s operations. Built by RHCO’s Czech subsidiary, Finexeble S.R.O<\/strong>, Readies combines the best of traditional finance with the speed, security and flexibility of cryptocurrency. Its features include lightning-fast cross-border transactions, advanced fraud protection and seamless fiat and crypto support.<\/p>\n\n\n\n

“This partnership not only strengthens our position in the global gaming industry but also brings the Readies platform to a vast and fast-growing consumer base in Africa,” said Ridzky Berg<\/strong>, CEO of RHCO.<\/p>\n\n\n\n

“By embedding Readies into all of Morrich’s lottery operations, we’re creating a robust digital payment ecosystem that supports financial inclusion, enhances user experience and reinforces our long-term fintech strategy.”<\/p>\n\n\n\n

Due diligence period<\/h2>\n\n\n\n

The MOU kicks off a six-week due diligence period, during which RHCO will dig deep into Morrich’s financials and operations. An exclusivity clause ensures Morrich Lottery won’t entertain offers from other suitors during this window. If all goes well, the partnership could be finalised within weeks.<\/p>\n\n\n\n

The move also highlights Nigeria’s role as a gateway into Africa’s broader digital economy. Morrich, already licensed to operate nationwide, is ideally positioned to scale its offerings with the backing of RHCO’s tech and capital muscle.<\/p>\n\n\n\n

With over 30 years of operational experience and a growing portfolio of fintech, e-commerce and digital payments, RHCO continues to build out its global footprint. Its Readies<\/strong> platform is already redefining payment standards across Europe and Asia – now it has set its sights on the untapped potential of Africa.<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t<\/p>\n

\n\t\t\t\t\tSee also:<\/span> African card payment method Verve expands, giving card holders access to global platforms<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

Readen Holding signs deal to supercharge Nigerian lottery operations with blockchain-powered Readies payment platform.<\/p>\n","protected":false},"author":2396,"featured_media":1415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Readen Holding Corporation (RHCO) has executed a Memorandum of Understanding to acquire an 80% equity stake in Morrich Lottery Limited, a licensed Nigerian operator. This strategic M&A facilitates the integration of RHCO's blockchain-powered Readies payment platform into Morrich's operations, targeting expansion into additional gaming verticals and leveraging Nigeria as a pivotal market entry point into the broader African digital economy. The initiative aligns with RHCO's global fintech and iGaming expansion objectives.","focusai_entities":"Readen Holding Corporation, RHCO, Morrich Lottery Limited, Finexeble S.R.O, Ridzky Berg","focusai_location":"Nigeria, Lagos, Africa, Europe, Asia","focusai_target_profile":"ceo_executive (1.0), regulator (0.9), compliance_legal (0.9), operator_casino (0.9), affiliate_publisher (0.7), product_ux (0.9), tech_data (1.0), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Compliance Challenges?","query":"What specific regulatory compliance challenges does RHCO anticipate in integrating a blockchain-powered payment platform for B2C iGaming in Nigeria, particularly concerning AML\/KYC for potential casino verticals?"},{"label":"Market Penetration & GGR?","query":"How will RHCO's Readies platform differentiate Morrich Lottery in the competitive Nigerian market, and what are the projected GGR\/NGR impacts from this technological integration and vertical expansion?"}],"footnotes":""},"categories":[60022,60012],"tags":[74],"class_list":["post-1397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-west-africa","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/1397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/users\/2396"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/comments?post=1397"}],"version-history":[{"count":6,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/1397\/revisions"}],"predecessor-version":[{"id":1429,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/posts\/1397\/revisions\/1429"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/media\/1415"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/media?parent=1397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/categories?post=1397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/africa\/wp-json\/wp\/v2\/tags?post=1397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}