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What is Land Of The Free?
Many top gaming stocks have underperformed relative to the broader market in recent years, and most of the M&A activity has been facilitated by private equity and other institutions that can more readily capitalise on depressed valuations. There had been hope that rates would start to fall and help alleviate those pressures.
“Publicly traded valuations are a reflection of the current interest rate environment,” Chad Beynon, lead gaming analyst for Macquarie, told iGB. “Whether it’s a long-term financial model on a growth company, you’re going to discount that back at a higher rate, or if it’s just a standard four-wall business, the cash flows in a higher interest rate environment are worth less.”
According to data from Yahoo Finance, the resort and casino sector is -41% over the last five years, and the overall gambling sector, which includes major sportsbooks and online operators, is +7%; the benchmark S&P 500 index, by comparison, is +71% during that span.
How to play Land Of The Free
For operators, the value is a slot that carries a well-trodden theme but a more flexible bonus proposition than most buffalo-style games, giving players several routes into the feature set. Triple Beasts of Fortune is out now.
Whether the layered-feature concept is enough to lift the release above the many similar animal-themed slots already in the market will depend on how players respond to a collection-driven structure without a buy option. Still, the combinable-bonus design is the clearest sign of where Play’n GO is putting its differentiation effort.
The post Play’n GO Launches Triple Beasts of Fortune With Three Simultaneous Free Spins Features appeared first on Vegas Slots Online News.
How to play Land Of The Free
The New Zealand Department of Internal Affairs (DIA) has recovered NZ$11.5 million (US$6.6 million) in an investigation into compliance across the pokies sector.
The regulator of gambling in New Zealand announced on Friday that the funds returned by operators will be directed towards community organisations.
Under Section 106 of New Zealand’s Gambling Act 2003, a class 4 licence holder, also known as a “corporate society” by the regulator, “must apply or distribute the net proceeds from class 4 gambling only to or for an authorised purpose specified in the corporate society’s licence”.