This marks RHCO's official entry into the African gaming market.
With the closing of this acquisition, RHCO now holds active licences in Nigeria for lottery, sportsbook and casino operations, unlocking access to an estimated US$2.5bn gaming market projected to grow over nine per cent annually through 2030.
Venture capital company Readen Holding (RHCO) has acquired an 80 per cent controlling stake in Nigerian lottery operator Morrich Lottery.
Churchill Downs (CDI) has reported a record high net revenue for the company for the quarter ending March 31, 2025, at US$642.6m.
Swedish gaming operator Aktiebolaget Trav och Galopp (ATG) said a “weak economy” and “sharply increased gaming tax costs” made Q1 2025 a “challenging quarter,” as net gaming revenue fell eight per cent year-on-year to SEK1.2bn (£93.5m).
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