In Cantonese mahjong, a laizi is a special tile, and two laizis can be combined to form a set of tiles, or another set of tiles if used as a single tile. Lai Zi is an important combination of tiles, with which you can win or lose.
In general, the meaning of Mahjong Raiko may vary from region to region and from rule to rule, but they all represent a special kind of tile that plays an important role in the game.