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Submitted by Tyler Durden.
Back in June we noted that for luxury car manufacturers, the Chinese cash cow is dying. “The enormous growth rates luxury-car makers like us have seen in China in recent years won’t continue,” Porsche CFO Lutz Meschke warned at an event in Atlanta in May and needless to say, the picture has not brightened since then.
The dramatic bursting of China’s equity bubble along with nervousness around the botched attempt to transition smoothly towards a new currency regime has left the country on edge, and although the Tianjin explosion did wonders to vaporize a bit of excess auto inventory, it didn’t do much to calm the country’s frayed nerves. Xi’s anti-corruption campaign hasn’t done anything for the luxury space either.
Here’s what Barclays had to say Monday on the way to slashing GDP growth forecasts for China: “The stock market crash and rising CNY depreciation expectations are also hurting investor and consumer confidence, adding downward pressure to growth in the coming quarters. Looking into 2016, we believe the three major headwinds highlighted in the medium term – excess capacity in many industries, oversupply in the housing market and high debt burdens (especially among local governments) – together with anti-corruption and policy uncertainties will continue to weigh on growth.”
As Reuters reports, with economic growth decelerating at a rapid pace (as telegraphed by the yuan deval) and with trillions in paper gains having vanished from the SHCOMP and Shenzhen, luxury automakers are cutting costs and production for their China ventures. Here’s more:
Volkswagen and other major carmakers have begun reining in Chinese output, wages and other costs, industry sources told Reuters, as executives at the Frankfurt auto show put a brave face on a sharp slowdown in the world’s biggest vehicle market.
The German car giant’s Chinese joint venture, FAW-VW, is cancelling staff bonuses and cutting shifts at its plants near Changchun, northeastern China, people with knowledge of the matter said. The bonuses being scrapped typically account for more than half of the assembly-line workers’ take-home pay.
Volkswagen’s high-end Audi brand also said it had cut output at its Chinese plants, trimming the working week to five days from seven in response to lower demand for models such as the A6 saloon.
And German rival BMW said on Tuesday it had reduced output of its locally produced 3 and 5 series models. “We reacted relatively fast,” Chief Financial Officer Friedrich Eichiner told journalists. “We are not stockpiling.”
Car sales in China, until recently the profit engine for automakers around the world, have been hit by a cooling economy and a plunging stock market. Demand was flat in the first eight months of the year and could drop in 2015 for the first time since the market took off in the late 1990s.
But some analysts said the Chinese slowdown was coming at a time when carmakers are still opening factories in the country — creating an excess of capacity that could weigh on profits.
Leading research group IHS Automotive expects carmakers’ capacity utilization rates in China to drop to 65 percent from last year’s 70 percent, a key profitability threshold.
“The mood is very depressed at VW, BMW or GM,” said Clemens Wasner of Austrian automotive consultancy EFS, which advises several German carmakers in Asia.
One person who saw this coming was former BMW chief Norbert Reithofer (who stepped down in May) who said luxury manufacturers “need to get used to single-digit growth in China.”
As for Reithofer’s successor, we wonder, based on the following clip, whether BMW’s new chief knows something everyone else doesn’t about how bad things really are in China…
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The wombat says: Gather ye round, gather ye round Wombat fans as we are about to tell you a tale! A folklore tale to be exact. And one that we think we will be very interested in…
Many a legend exists about the leprechauns and their gold. These cheeky fairy people can be traced back to 8th century water spirits who were known as ‘luchorpán’. It was said these mischievous imps dressed in green and merged with household fairies, whence they developed a penchant for heavy drinking and living in people’s cellars. BUT according to some other legends, Leprechaun actually comes from the Irish term ‘leath brogan’ which means shoemaker. So who knows? Only the Leprechauns to be honest.
Find the Pot of Gold
However, what all the legends do agree on is that you will almost certainly find a pot with all the leprechaun’s gold in it at the end of a rainbow… See now you’re interested in these folktales after all! And if you’re interested in why so many people believe there’s a pot of gold at the end of every rainbow (if you could just get to it), well there are Vikings involved (well, there would be wouldn’t there?)
Irish Themed Slots
That’s right Wombat fans, as you might have guessed Rainbow Riches is an Irish themed slot. Now we’ve all played 1 or 2 of these little beauties before, but how does Rainbow Riches match up to its Emerald Isle online slot rivals like Irish Eyes and Lucky Leprechaun? Well it has 3 bonus features, which is a good start. Let’s take a spin and see….now, would you listen to that little ginger fella’s chuckle?
The Emerald Isle
‘Luck of the Irish’ is a phrase that nearly every wombat fan has has uttered in his or her life at one time or another. The term appears to have been introduced during the silver and gold rushes that characterised much of the 19th century when a ridiculously large number of the Irish and Irish-Americans got lucky and struck it rich.
Nowadays, the phrase is said to symbolise the good luck (and lots of it) of those plucky prospectors – which is something that we can’t get enough of here at Wombat Towers. Add to that Leprechauns and four-leaf clovers and as result, Irish-themed slots are firm faves amongst you slot fans.
Brighter than the Island!
More often than not they’re also brightly coloured and come with a heavy dose of tongue in cheek – which also helps…
Now, I don’t know of I ever told you, but the Emerald Isle was none other than the highly exclusive location of mine and Mrs Wombat’s honeymoon. Ok, we were in a caravan and it rained solidly for 2 weeks. But this was the 70s and things were very gloomy back then – you had to find luxury in weird places, like pineapple and cheese sticks and Noddy from Slade.
About the Developer
This slot was originally created by Barcrest who are now owned by SG Gaming – they also designed the Raging Rhino slot machine which is another classic game and very often to be found on autospin at Wombat Towers. These slot wizards are based in this wombat’s spiritual home Las Vegas and have been in the online slot business since the very beginning which means they really know to make the games that this wombat likes to play…
Back in ye olden days of slots, Rainbow Riches was one of the most-played fruit machine games in the UK, and its ‘Road to Riches’ bonus is still one of the most iconic slot bonus features out there, too.
The original game was available in arcades, bingo halls and bookies shops across the UK before being turned into a slot classic in 2006 – making it a bona fide vintage release.
Look and Feel
OK, let’s be honest here. The design is not as impressive as say the Phantom of the Opera slot or other new-fangled super duper slots – but then again, it’s not trying to be. Instead you’ll find some typical Irish jig music as your soundtrack to accompany those spins, along with some brightly coloured reels framed by some Celtic metalwork and a big old rainbow (of course) in the background.
As far as old school games go it could be worse. Ever played Prime Property slot from Microgaming? Now that’s a ruddy eyesore if ever we’ve see one…
Rainbow Riches slot has 5 reels, 3 rows and 20 pay-lines. Your symbols on the Irish-themed reels are made up of a cheeky leprechaun having a wink, a stone wishing well and the ubiquitous a pot of gold under the magical rainbow, as your high paying standard symbols.
Your low-paying symbols are represented by the usual 10, J, Q, K & A playing cards.
There’s also the game’s Wild which is the chunky gold coin, and the Rainbow Riches logo.
No Free Spins But 3 Bonus Features
FYI Wombat fans: No, your eyes do not deceive you; there are no free spins in Rainbow Riches slot. But what you do have is 3 different bonus rounds on offer that each involve multipliers and lucrative pick ’em features, so there really is no need to panic!
You can play from 0.20 a spin to 500.00 a spin, so there is something for everyone from the cautious slot spinner to the high rollers amongst you.
And now to your control panel… As you’d imagine Spin will set the reels in motion at the current bet, while the Autoplay option is can be clicked on if you want to spin the reels without interruption for a chosen number of times. We’re big fans of this feature, because who doesn’t like to pop the kettle on sometimes and make a cuppa when you’re halfway through a game? The Stake Line button will help you choose the coins denomination, while the lines icon will help you set the number of lines to bet.
The Paytable button will you show you all the possible winning combos on offer, plus your payouts – so it’s always worth taking a look…
Pots of Gold Bonus
This is hardest bonus to land, but when you do it really is worth the wait! You trigger off the Pots of Gold bonus by landing 3x or more pots of gold Scatters (naturally) on the middle 3 reels. Next, the cheeky leprechaun character will pop up on a second screen with several spinning pots around him – each with a multiplier number on it. When the spinning stops, an arrow will point at a pot, and your multiplier prize will be revealed. The maximum on offer is 500x your bet, which is what we call a mind blowing multiplier. It must be the luck of Irish!
Road to Riches Bonus
Yes Wombat fans as you can already see, the lucky ginger fella in this slot packs more bonuses in than most other games including Flux slot machine. And here’s another one for you – yes it’s the mega famous Road to Riches bonus!
Land the Little Fellas
This is set off by landing 3x or more of the Leprechaun symbols anywhere on the reels. Press ‘Start’ to spin the wheel of fortune that will determine the number of steps up the ‘road to riches’ that you will take. Keep on advancing up the road until your luck runs out and you land ‘Collect’ on the wheel, or you reach the end of the path!
You can potentially achieve 500x your stake if you do manage to get to the end, but this does not happen very often, and it’s a hard nut to crack even for this savvy Wombat!!
Win Your Wish Bonus
The Wishing Well bonus is a simple pick ’em type bonus, which will crop up on your reels more regularly than the other 2 features. Set off this little extra by landing 3x or more of the Wishing Well symbols anywhere on the reels.
Next you must choose 1 out of the 3 wishing wells on offer – this will the reveal a hidden multiplier value. You can get 20x your stake if you pick the highest one. Which is not too shabby at all…
Rainbow Riches Jackpot
Leprechaun Riches Slot Demo
There is no progressive jackpot in Rainbow Riches slot, which makes this wombat a little bit sad, but you can really it the big time if you land 5x of the Gold Leprechaun Wild icons. Manage this and you’ll scoop 500 coins straight into your pockets! Result.
Luck of the Irish
Well you wouldn’t want to fire up this little fella without a bit of the luck of the Irish would you? We can’t claim that this is a foolproof method, but we do tend to mutter a bit of Irish slang while we are playing.
So, line yourself up to be a jammy git, hit the reels with a bit of class and you’ll hopefully land yourself some savage wins with the little green fella.
Roughly translated, this means: wear your lucky pants, play Rainbow Riches to the best of your ability and with a bit of luck you’ll hit some nice wins with the small green leprechaun.
Rainbow Riches Slot Variations
As a much-loved and mega popular slot, there are now 3 other variations of this Irish-themed game. Take a look…
Leprechaun Slot Game Free
Rainbow Riches Megaways
If you feel like upping the ante with your spins – have a ‘craic’ at the Megaways version! It comes with 6 reels and a random number of symbols per reel on each spin that gives you a cracking 117,649 ways to win. Very nice, I must say.
This new slot mechanism also comes with cascading reels, a Super Gem Bonus feature that turns all visible gems into matching symbols, and a Free Spins round with an unlimited win multiplier. Sounds too good to be true!
Rainbow Riches Pick N Mix slot
This fruity sounding favourite could also be an option for you Wombat fans. Here, all of the bonus features that you know and love in Rainbow Riches have come together in one game, including the Cash Drop bonus, the Road to Riches, Pots of Gold, and more. All you need to do is select which bonuses you wish to activate when you start the game up – then get spinning! Pick 3 out of 5 before the game starts. You can always change them later if you want to mix things up a bit.
Rainbow Riches Cluster Magic
The latest addition to the Rainbow Riches family takes luck of the Irish to the next level with an expanding grid mechanic and more features than you can shake a leprechaun’s stick at!
Straight off the bat you’ll see this version is pretty different to its rainbow-coloured predecessor, as it is played using a cluster pays game engine. This means you’ll need to land a cluster of 5x or more matching icons vertically or horizontally to get a win, and there are no pay-lines or reels.
Instead, Rainbow Riches Cluster Magic slot is played out on an 8×8 grid in the bonus round, but to begin with only a 4×4 block in the centre of the grid will be unlocked.
So how do you expand this game play area, then? More on this below, wombat fans…
Land a winning cluster and your symbols will explode and are removed – while a new cascade of icons is then dropped in from above to replace them.
Each winning cascade also unlocks positions on the reels, opening up even more grid spaces for you to make those winning combos on. So basically, the more consecutive wins you make, the bigger the size of the grid that you’ll be able to play with. Cool!
Free Spins Features
Hit 6x consecutive winning cascades in a row and it’s free spins time for you!
And you’ll need to hold on to your hats Wombat fans, because next you must spin a bonus wheel to determine which of the following cool extras you’ll receive along with your 8 Free Spins. And there’s some awesome options:
Between 4x and 16x wild symbols are added to the reels on each free spin, plus, if you hit 6 consecutive cascade wins during the feature, you’ll scoop an extra 4 free spins. Bonza!
2x wild icons are added to the grid every time you land a winning cascade. Which means if you get 6 consecutive wins you could end up with 12 of the blighters!
On any non-win drop, the wilds are removed from game play and the reels go back to the beginning. You can also bag 8 more spins for getting 6 cascading wins in a row.
This will give you +1 free spin on every winning cascade drop, plus an unlimited win multiplier that starts at 1x and increases +1 on each pay out. There’s a maximum of 250 free spins up for grabs, and you’re guaranteed to win at least 10x your stake if you land this feature. Hurrah! And cheers to that generous Leprechaun!
Lastly, if you’re not entirely happy the feature the wheel has offered you, you can spin the cheeky wheel again and get the chance to land another feature… But only the once.
This Wombat is a big fan of the Cluster Magic reboot! The graphics have been given a nice upgrade and the gameplay is bang up to date, too. Well done Barcrest.
This is a classic Irish themed slot and one of the biggest out there! Rainbow Riches slot is hugely popular with its enduring theme, colourful graphics and fun bonuses.
You’ll notice Wombat fans there are a whole load of imitations of this slot from a variety of different games makers (and some of which are pretty decent games themselves), but Rainbow Riches is the original and still the best. But as the old adage goes: if it ain’t broke, then don’t fix it.
The theoretical payout percentage of Rainbow Riches is 95-96%, depending on the variant you are playing, and the game’s bigger wins tend to come from the Pots of Gold Bonus feature which is this wombat’s personal favourite (but is also the hardest to trigger of the 3 extra games). Fans of Irish slots: this is a must play! And for the rest you, dip into a bit of slot history while making some gold why don’t you? Go on go on go on…
Wombat score: 4/5
- How many Rainbow Riches games do you stock at Wombat Casino?
We have 5 versions of the game. The original remains the most popular, but you can also play Rainbow Riches Cluster Magic, Rainbow Riches Free Spins, Rainbow Riches Megaways and Rainbow Riches PicknMix.
- What is the main difference between the variants?
– The original game has a 5×3 layout, 3 bonus games (no free spins) and a maximum win of 500x.
– Cluster Magic has an 8×8 layout and a Cluster mechanic (think Tetris without the spinning icons)
– The Free Spins game has a spins bonus feature instead of the 3 bonus rounds you will find on the original Rainbow Riches game.
– Rainbow Riches Megaways has 6 reels and a free spins round with an “unlimited” progressive multiplier.
– Rainbow Riches PicknMix lets you choose 3 out of of 5 bonus features that you want to trigger in a game session.
- Can I play Rainbow Riches for Free?
Yes, absolutely. You just need to sign up at Wombat Casino and you will have access to all of our demo games. We need to do this step to check that players are over 18.