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What will the wine world look like a year from now? Will our assessment of 2021 be good, bad, or ugly? Last week’s Wine Economist column briefly explored a “Roaring Twenties” scenario that is making the rounds both for wine and for the economy generally.
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January 26, 2021 - 5:05 am January 26, 2021 - 5:05 am Billionaire Las Vegas casino developer Steve Wynn put his ultra-luxury Southern California mega-mansion on the market for $110 million. New Jersey's casinos and horse tracks won $2.88 billion in 2020, a decrease of nearly 17% from 2019, according to figures released Wednesday, Jan. 13, 2021, by the New Jersey Division of Gaming.
The Roaring Twenties theory holds that the pandemic has created pent-up demand for all the things that we’ve had to sacrifice in the last year but that will soon become available again. Parties and celebrations. Gatherings in bars and restaurants. Travel and tourism. They won’t all necessarily come roaring back at once, but the rebound will be substantial and be fueled by a corresponding rebound in economic activity.
The Roaring Twenties scenario is what I call a “ceteris paribus” (holding all else constant) theory. That is, it assumes that pretty much everything remains the same except that the covid vaccine lets people come out and play. With interest rates pegged near zero, fiscal stimulus doubling-down, and financial markets soaring, the good times will surely roll, or at least that’s what some hope and others firmly believe.
- Container lines are boosting capacity, adding approximately 20% more slot space compared with the previous year through the fourth quarter and into early 2021, as the import spike is likely to last until the Chinese New Year, the traditional lull.
- (2021) ᐉ Like many other sectors, the online gambling industry also took a major financial hit in the early days of the coronavirus pandemic.
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The Wheel’s Still in Spin
But it is important to keep in mind that a lot of positive events have to line up all at once for this to happen. I was reminded of this by the cover of The Economist newspaper’s The World in 2021 issue, which features a casino slot machine device (and not a crystal ball) as its symbol. The future isn’t written and waiting to be perceived is the message here. There is a lot of risk and uncertainty ahead.
The future, whatever it turns out to be, won’t be just one thing. It will be the combination of what happens on the politics wheel, the economics wheel, the public health wheel, the environment wheel, and so on. Our experience in 2020 shows that these wheels can sometimes align in terrible ways — think pandemic, recession, wildfires, and social and political unrest. There is even the chance of problems in one area cascading through the system in a vicious cycle.
We might feel we deserve the happy flip-side of things in 2021, but the odds of a golden Goldilocks outcome are longer than we’d like. We should anticipate problems as well as potential good times. Not trying to be unnecessarily gloomy — just realistic.
To simplify, let’s imagine that 2021 depends on four variables or spinning wheels: public health, economy, politics, and the possibility of “black swan” wild card events Clearly there are many different possibilities for public health. The hope for very fast roll out of vaccines is no longer realistic, although there is a sense that officials are learning quickly about troublesome bottlenecks. Fingers crossed …
Attention is focused on vaccines, but the virus surge continues in many regions with record case counts and deaths. It isn’t clear how quickly vaccination can overcome community spread and whether this third infection round is the last or will be followed by more surges or echoes of this one into the future.
Spinning the Economic Wheel
Clearly a lot is riding on where the public health wheel settles, especially for the travel and hospitality sectors, which are economically important both in general and for the wine industry. Then there is the economy wheel. to consider.
The relatively strong economic recovery in the United States is built on heroic levels of government support, which will end at some point, but when? Will monetary authorities hold their nerve and keep the spigots open as the economy begins to open? Will fiscal stimulus continue to preserve incomes and employment? What about the high levels of debt that corporations and governments have taken on?
This will depend to a certain extent on politics. Each of the major economies is currently experiencing its own unique brand of political instability or crisis. It is easy to imagine scenarios where political crisis in one country creates contagious economic or social problems elsewhere. Here in the United States there is widespread disagreement about what a good political result would look like. Many observers, for example, were happy when it looked like Republicans would control the Senate and gridlock would prevail. Gridlock, to this way of thinking, would mean that only the most moderate policy actions would prevail.
The Curse of the Black Swan
Now, with Democrats in the White House and majorities in the House and Senate, more aggressive policies are possible, at least in theory. Is this good or bad? Opinions vary according to political persuasion and the particular programs considered. So you can see that ceteris is unlikely to be paribus in 2021. And that doesn’t take into account any “black swan” wild cards that might be on the deck.
A Black Swan event is something with very low (but not zero) probability, but very high impact. The covid pandemic of 2020 is a good example of a Black Swan event. The possibility of a global pandemic, originating in Asia and spreading through international travel vectors has been known for some time. Indeed several of my university students studied the situation in the aftermath of earlier Asian pandemics and a number of government- and non-government agencies worked on detailed response plans.
It seemed pretty clear that there would be a problem eventually, but the particular path and specific consequences were not clear. Looking back it appears that countries that had previously experienced such a pandemic took the possibility more seriously and acted more decisively than others did. In any case, the low-probability event happened and the cost has been very high.
Black Swan Inflation
Inflation is the Black Swan event I most worry about for 2021. (Although I am not sure which kind of inflation — see Neil Irwin’s recent New York Times column.) Most economists acknowledge that there is a chance of an inflation spike is 2021 or 2022, but most assign a very low probability to the threat. Nothing to worry about. And probably they are right. However …
Literally trillions of dollars (and other currencies) have been pumped into the global economy recently and so far inflation in general has remained very low Governments and businesses have borrowed enormous sums at the resulting low or even negative interest rates. A resurgence of inflation would push interest rates higher and alter dramatically the economic landscape.
In a way, an inflationary surge would make the covid pandemic crisis a bit like the oil crisis of the 1970s. The initial impact of the oil crisis was harshly disruptive, but the long term effects, including both high inflation and the draconian policies needed to contain it, were challenging, too, and cast a long shadow over global events.
Good, Bad, or Ugly?
So you can see that the Roaring Twenties is just one of many possible economic scenarios and, even if it comes to pass as many hope, there are still many possible pathways and denouements. Good, bad, or ugly? Too soon to tell.
I know that some people believe that wine is immune to economic cycles, but wine businesses are businesses with debts, interest payments, counter-party risks, and so on. What happens to the economy happens to all of us in one way or another and it is wise to think about the possibilities.
Times are changing and perhaps that’s as much as we can confidently predict. This kind reminds me of an old Bob Dylan song. Listen up!
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Slot game | Ozzy Osbourne |
Software developer | NetEnt |
Theme | Ozzy Osbourne |
Reels | 5 |
Bet lines | 20 |
Real money play | Yes |
Free play | Yes |
Ozzy Osbourne Slot Review
Ozzy Osbourne, the proclaimed Prince of Darkness, is one of the biggest names in hard metal rock music. The English singer and songwriter has quite the profile attached to his name, which goes as far back as the seventies when he first rose to fame. Even for the non-metal fans, the name Ozzy does rings familiar, and to brick and mortar casino enthusiasts, he is the face of Metal Casino. This famous emblem of rock culture also gets a showcase in the slots realm in the slot game Ozzy Osbourne.
Ozzy Osbourne video slot is the product of the popular gaming software provider NetEnt. The man may appear in a branded slot game of his own, but the game stands among several other rock-themed titles including Guns N' Roses and Jimi Hendrix. Even without any knowledge of the man, punters are likely to get a kick out of this game considering its stunning development that rings true to NetEnt's style.
Dark, gloomy, and sinister are some of the best words that can be used to describe what welcomes players in the Ozzy Osbourne online slot once it is launched. The splash screen of this 96.67% RTP slot that comes up introduces gamers to the Prince of Darkness seated on his throne with the hit number Mr Crowley belting in the background. Two massive demon statues flank each side of the grid, and the pillars they guard hold the Osbourne logo at the top. By pressing continue, gamers move past Ozzy on his throne and into the darkroom that contains the five by three grid of the game. The playtable is built to have players seemingly looking up as the icons rain down from above.
Treasures of the Lair
Ozzy Osbourne video slot machine impresses with more than just outstanding mechanics and a solid foundation. The game features a unique line-up of bonus features that are just as weird as the man the game is based on. These bonuses are tied to the symbols that make up the clear grid of the game, and they spell even more darkness than the game's background.
On the reels, players are treated to four different images of Ozzy in his death-like makeup, each one weirder than the next. In one, the rock legend can be seen showing off his golden rings while in another, he beckons at the player with a devilish grin on his face. However, none of them beats the red image of him with a dead bat in hand that he appears to be feeding on as blood streams from his eyes and mouth.
Even with the sinister images used for icons, the genius that is free Ozzy Osbourne video slot bonuses cannot be denied. These offers are lined up as follows:
- Wild
The crazy adventures of Ozzy Osbourne Slot spiral further down the diabolical hole with a skeleton-like bat figure for a wild. The icon, which is placed on a red backdrop, can land anywhere on the screen to help complete the combinations of others. The bat wild cannot create combos of its own.
- Scatter
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This standard casino bonus would not blend into the theme of the Ozzy Osbourne Slot without strange development of its own, and it delivers on this front. The character is presented as the front of a red charging train with a devilish grin on its face coupled by two pointy horns at the top. When two of these special symbols land on the grid, a respin bonus is activated. If three come into sight at the same time, the free spins incentive is activated.
- Bonus Bet
Players can activate the bonus bet function by playing with 40 coins per bet level instead of 20. This feature gives more chances at activating the free spins feature, which awards five freebies instead of the usual four.
- Symbol Charge Up
Before the respin or free spins bonus is played, the Symbol Charge Up is activated. During the feature, the two Osbourne logos on top of the skeleton statues start spinning. The first logo reveals a character, and the second one defines the bonus that is applied to the landed item if it appears in the bonus rounds. Any of the standard symbols can be landed except the wild and scatter. The features that can apply to the characters include;
Bonus | Function |
Coin Win | Any appearance of the chosen character results in a payout similar to that of a three-icon combination according to the bet level used. |
Symbol Multiplier | All winnings collected by the character are multiplied by the selected value. When the base bet is used, the awarded multiplier can be either two or three. If the bonus bet is used, the values increase to five and seven times. If one character lands two multiplier values in the course of the free spins, the values are added up. |
Wild | The chosen symbol turns wild anytime it lands on the grid. |
Upgrade | The landed icon turns into the next more valuable one on the paytable. Any bonuses attached to the character are applied to the next one. This bonus can be chained if it appears more than once in the free spins bonus. |
Game Playability
There is nothing too complicated when you play Ozzy Osbourne video slot online, and the procedure is conducted using the UI panel at the bottom of the screen. Coin denominations of 0.01 to 0.50 credits are accommodated, and each of the twenty win lines can hold as many as twenty. The Bonus Bet feature allows as many as forty. When the rounds are activated, whether manually or automatically, the goal becomes to land a winning combination using the game symbols.
Ozzy Osbourne video slots may be a strange sight, but they are still slots at heart when it comes to the formation of character combinations. The symbols that land on the reels to create these combos are entirely influenced by the theme, even those that are not images of Ozzy. Each of these symbols pays when three to five of them land on one of the twenty set bet lines from left to right. Players can have a look at the values of each combo in the paytable section. The displayed winnings are shown according to bet level one and are later adjusted when being awarded. The game wins are as follows:
Icon | Wins for Three | For Four | For Five |
Blue rose | 10 | 30 | 100 |
Green cross | 10 | 30 | 100 |
Crowned skull | 15 | 50 | 150 |
Black and red raven | 15 | 50 | 150 |
Blue Ozzy | 20 | 60 | 250 |
Green Ozzy | 30 | 100 | 300 |
Yellow Ozzy | 40 | 120 | 400 |
Red Ozzy | 100 | 300 | 1000 |
Free and Real Money Gameplay
Punters can choose whether to play Ozzy Osbourne video slot online for free or real money. Both game versions are similar in every aspect aside from the use of cash to place bets in the latter, and the same is granted in payouts.
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Mobile Compatibility
NetEnt is a leader in the world of mobile gambling, so it goes without saying that Ozzy Osbourne video slot game is accessible on smartphones. The mobile version of the game is provided in a no download mode that runs entirely online, even without the need for a flash player.
The Bottom Line
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Ozzy Osbourne slot machine is a testament of the Prince of Darkness' resilience, which will resonate with fans of his music. Beyond that, it gives gamblers a lot to explore from unique bonuses to a wide bet range that accommodates both small and big spenders.
📌 Is Ozzy Osbourne online slot available in free play mode?
Yes, it is. Gamblers can play free Ozzy Osbourne video slots in a wide range of NetEnt online casinos. This version of the game includes fun credits that facilitate gameplay. This version is similar to the real money option to the tee with the only difference being that payouts can only be reused as stakes without a withdrawal option.
📌 Does Ozzy Osbourne Slot feature bonus features?
Ozzy Osbourne is among the free slots with bonus additions, but they are used as the central element that sets it apart from all other titles. The list of game features mainly includes the respin and free spin offers, both of which have other offers built into them. The online slot includes a Bonus Bet feature that lets punters pay more for higher chances at landing bigger bonuses.
📌 Is Ozzy Osbourne slot machine available on mobile?
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Yes, it is. NetEnt is one of the many game developers that are intent on serving the smartphone users demographics by making all its releases mobile compatible. Ozzy Osbourne free slot machine is built with affinity to almost all operating systems, including Android, Windows, and iOS. The mobile version runs in instant play mode like the PC option, and not even a flash player installation is required.
📌 Can I win real money in Ozzy Osbourne Slot?
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Ozzy Osbourne does offer the chance to win real money when bets of the same kind are used. Ozzy Osbourne real money slot is found in NetEnt casinos only, and it can is launched after account creation and the depositing of cash. The slot game can also offer real money when it is played using casino bonuses and promotions.