stocktowatch
2 days ago
$RHCO Readen Holding Corporation (OTC PINK: RHCO), a venture capital specializing in Fintech, Digital Payments, and E-commerce, today announced the successful signing of the final agreement to acquire an 80% controlling stake in Morrich Lottery Limited, a fully licensed lottery operator in Nigeria. This milestone marks RHCO's official entry into the African gaming market — one of the fastest-growing and most promising sectors globally.
With the closing of this acquisition, RHCO now holds active licenses in Nigeria for lottery, sportsbook, and casino operations, unlocking access to an estimated $2.5 billion gaming market projected to grow over 9% annually through 2030. This move positions RHCO to become a major international force in regulated gaming, entertainment, and fintech infrastructure.
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 annually. RHCO will revamp Morrich's offerings with scratch tickets, Keno, and mobile-first innovations, targeting mainstream adoption through retail and digital channels.
Sportsbook: With an estimated 60 million Nigerians engaging in sports betting, the sportsbook segment is projected to hit $1.2 billion in annual revenue. RHCO will launch a full-spectrum betting platform integrated with Readies, offering fast, secure payouts and real-time odds.
Casino: The online casino market is emerging rapidly, with RHCO targeting over $500 million in long-term revenue potential. Regulated online and venue-based gaming operations will be introduced in stages, in full compliance with local authorities.
stocktowatch
3 days ago
$RHCO Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation focused on the Fintech, Online Payment, and E-commerce sectors, today announced its expansion into the Japanese market through a strategic licensing agreement and business alliance with Quantum Solutions Co., Ltd. (TSE Code: 2338) and TGG Ventures Limited.
Under the terms of the agreement, TGG Ventures Limited has obtained an exclusive license from RHCO to promote, market, and distribute the Readies platform in Japan. TGG Ventures has subsequently partnered with Quantum Solutions Co., Ltd., one of Japan�s leading technology firms, to spearhead promotional efforts and business development initiatives in the region.
RHCO�s blockchain-powered Readies platform has continued its transformation into a next-generation digital payment ecosystem, redefining how businesses and consumers transact. Readies is operated under Finexeble S.R.O., a wholly owned subsidiary of RHCO, which holds a cryptocurrency license in the Czech Republic. By seamlessly integrating traditional finance with cryptocurrency payments, Readies delivers faster settlements, lower transaction fees, and enhanced financial flexibility. The platform has undergone significant advancements, including expanded cross-border payment capabilities and state-of-the-art fraud prevention measures. These enhancements further strengthen Readies' position as a leading hybrid payment solution, catering to the evolving needs of a global digital economy. As adoption accelerates, Readies is solidifying RHCO�s role at the forefront of financial innovation.
Quantum Solutions, via its wholly owned subsidiary Quantum Asia, brings deep expertise in Web3 innovation, AI technologies, and digital asset ecosystems. With a proven track record in gaming and tech infrastructure, Quantum will lead efforts to introduce and scale the Readies platform across Japan�s digital economy.
The licensing agreement outlines TGG Ventures� responsibilities in local marketing, customer acquisition, and regulatory compliance. RHCO will support the initiative with access to platform infrastructure, promotional assets, and ongoing technical support. The revenue-sharing structure ensures mutual benefit, incentivizing TGG Ventures and its sublicensee, Quantum, to maximize adoption and transaction volume.
This collaboration reflects RHCO�s broader strategy to internationalize its digital payment ecosystem and leverage local partners� capabilities for market-specific growth. The Japan expansion represents a significant milestone in RHCO�s roadmap to becoming a leading provider of global fintech and payment solutions.
Ridzky Berg, CEO of RHCO, commented: "This partnership marks an exciting chapter for RHCO as we bring the Readies platform to one of the most dynamic and tech-forward markets in the world. Japan�s appetite for innovation makes it the ideal environment to showcase the full potential of our hybrid payment solutions. Through the combined strength of Quantum Solutions and TGG Ventures, we�re confident in our ability to accelerate adoption, deliver tangible value to users, and further our mission of making digital finance more accessible, efficient, and secure on a global scale."
About Quantum Asia
Quantum Solutions Asia Limited is a wholly-owned subsidiary of Quantum Solutions Co., Ltd. (TSE Code: 2338), specializing in AI infrastructure, GPU server sales, AI gaming, and AI-generated content.
About TGG Ventures
TGG Ventures Limited is a blockchain business agent authorized by RHCO. The company specializes in cryptocurrency payments, NFT issuance, and the development of decentralized gaming economies, promoting the adoption of Web3 technology in the gaming industry.
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;
https://www.otcmarkets.com/stock/rhco/news/READEN-HOLDING-CORPORATION-OTC-PINK-RHCO-EXPANDS-INTO-JAPAN-THROUGH-STRATEGIC-PARTNERSHIP-WITH-QUANTUM-SOLUTIONS-AND-TGG?id=473195
stocktowatch
5 days ago
8220 strategic collaboration with TGG and Iqiyi (Netflix of China) https://www1.hkexnews.hk/listedco/listconews/gem/2024/0901/2024090100029.pdf
The deal will comprise 1.5 billion hkd of investment by iqiyi. Movies made by Stephen Chow (Jim Carey of Asia) has historically generated 20x invested amount.
Meaning: 1.5b x 20 = 30 b hkd of box office! As IP owner re Bingo (8220), let’s take a margin of 30%, that’s a 9bln return for 8220. That’s close to a 30x return on stock px today, at 3.7$ per share. Target projected return is 100$ per share over 3 years.
2. Bingo, in collaboration with TGG, and Kaixing (https://www1.hkexnews.hk/listedco/listconews/gem/2025/0213/2025021300422.pdf) will start adoption of AI and gaming by building a web 3 portfolio using its original contents and TGG’s access and expertise to AI, blockchain technology and Readies stable coins (https://www.readenholdingcorp.com) designed for gaming companies and solutions.
stocktowatch
5 days ago
$RHCO News! READEN HOLDING CORPORATION (OTC PINK: RHCO) SIGNS MOU TO ACQUIRE 80% STAKE IN MORRICH LOTTERY LIMITED, BRINGING THE READIES PAYMENT PLATFORM TO THE AFRICAN GAMING MARKET
PR Newswire
HONG KONG, April 21, 2025
HONG KONG, April 21, 2025 /PRNewswire/ -- Readen Holding Corporation (OTC PINK: RHCO), a Venture Capital Corporation focused on the Fintech, Online Payment, and E-commerce sectors, today announced the signing of a Memorandum of Understanding (MOU) for the acquisition of an 80% equity stake in Morrich Lottery Limited, a licensed lottery operator in Nigeria.
The acquisition will enable RHCO to oversee the expansion of Morrich Lottery's services to include Keno and scratch lottery games, with a future roadmap to potentially incorporate casino offerings, subject to regulatory approval. Morrich Lottery Limited currently holds licensing capabilities that allow for operational expansion under Nigeria's regulatory framework.
A significant aspect of this agreement is the integration of RHCO's flagship digital payment solution, Readies, into all Morrich Lottery operations. This marks a major milestone for the Readies platform, as it makes its first official entry into the African market. Readies will be utilized as a core payment infrastructure across all Morrich Lottery channels, offering users a seamless, secure, and efficient way to engage with lottery services using both fiat and crypto transactions.
Readies is a blockchain-powered hybrid payment platform operated under Finexeble S.R.O., RHCO's licensed subsidiary in the Czech Republic. It integrates traditional finance with cryptocurrency, delivering faster settlements, lower transaction fees, and enhanced financial flexibility. The platform features cross-border payment capabilities and state-of-the-art fraud prevention—making it an ideal solution for gaming and digital transactions in emerging markets.
Under the terms of the MOU, RHCO will conduct a six-week due diligence process, during which Morrich Lottery will provide access to all necessary business and financial documentation. During this period, the Seller has agreed to an exclusivity clause, refraining from any negotiations with third parties. The transaction remains subject to the successful outcome of due diligence and the negotiation of definitive agreements.
This expansion into Nigeria not only signals RHCO's entry into the African market but also aligns with its broader vision to drive financial innovation globally by leveraging strategic partnerships and scalable technology.
Ridzky Berg, CEO of RHCO, commented: "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. 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."
About Morrich Lottery Limited
Morrich Lottery Limited is a registered lottery operator in Nigeria, licensed to operate and expand into various lottery and gaming segments. The company is poised for rapid growth as it aligns with strategic international partners to scale its services and offerings.
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:
www.okepay.biz
OkePay VPOS:
www.okepay.biz/vpos
Oke Partners / OkeApp:
www.okepartners.com
Oke Travel Club:
www.oketravelclub.com
OkToken:
oktoken.biz
Readies:
www.readies.biz
Neckermann Direct:
www.neckermanndirect.eu
Two Percent:
www.twopercent.hk
Finexeble:
www.finexeble.com
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 Europe and Asia.
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.
Readen Holding Corp., RHCO announcement
View original content:https://www.prnewswire.com/news-releases/readen-holding-corporation-otc-pink-rhco-signs-mou-to-acquire-80-stake-in-morrich-lottery-limited-bringing-the-readies-payment-platform-to-the-african-gaming-market-302433147.html
SOURCE Readen Holding Corp.
https://www.morningstar.com/news/pr-newswire/20250421cg68517/readen-holding-corporation-otc-pink-rhco-signs-mou-to-acquire-80-stake-in-morrich-lottery-limited-bringing-the-readies-payment-platform-to-the-african-gaming-market
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