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New Zealand, The Land Where the Casino Kingdom Thrives

Mon, 02/12/2024 - 15:32
New Zealand, The Land Where the Casino Kingdom Thrives

Situated in the southwestern part of the Pacific Ocean lies a country composed of two main islands, New Zealand. More than its picturesque landscapes and its rich mix of Maori and British customs, New Zealand has a thriving economy, which is propelled by various sectors like agriculture, technology, and tourism. Another sector that is silently becoming one of the core components of the nation’s economic stability is the gaming industry, with the rise of the casino kingdom in New Zealand.

A Brief History of New Zealand's Gaming Industry

New Zealand's passion for gambling stretches back to the 19th century, where horse race betting was prevalent. With the 1908 Gambling Act, bookmaking became illegal, but this did not staunch the local's love for betting. Casinos only entered the scene in the latter years of the 20th century, with illegal gaming houses flourishing. The government promptly took action by passing the 1990 Casino Control Act to regulate these arenas.

The Emergence of the Casino Kingdom

1994 heralded a new era in New Zealand’s gambling history as the doors of the country’s first legal casino, Christchurch, swung open. Today, with six major casinos across the country, the modern casino scene in New Zealand has become more vibrant. The integration of traditional 'brick and mortar' casinos with online platforms have created a varied and exciting 'casino kingdom in New Zealand'.

Joining The Kingdom

For many, partaking in this 'kingdom' is not just about the potential financial reward, but also the thrill and enjoyment that come with the games. Both locals and tourists have been drawn to this sector, demonstrating its wide appeal. Casino games, either played physically or online, have become an integral leisure activity in New Zealand's culture, contributing significantly to their tourism and economy. It is at this point that transitioning into the digital sphere has become pivotal in the growth of the casino kingdom in New Zealand. These online platforms started to gain traction in the latter part of the 1990s and have been evolving ever since. Online casinos have been recognized for their accessibility, comfort, and an extensive range of games. Among the widely sought-after platforms is Kingdom Casino.

Kingdom Casino: A Mainstay in the Online Casino Landscape

Kingdom Casino, a trusted online gaming platform, has exhibited a deep understanding of what gamblers want - a vast collection of games, secure transactions, friendly interface, and commendable customer service. It’s no surprise that many consider this platform when speaking of the thriving casino kingdom in New Zealand.

The Online Surge Amid The Pandemic

The COVID-19 pandemic that has gripped the world spotlighted the importance of online platforms. New Zealand's gambling industry was not exempt from this surge, largely accounting for the profit of the sector amidst health restrictions thwarting physical casinos.

The Future of New Zealand's Casino Kingdom

The modernization of New Zealand's gambling law to cater to the evolving casino scene, particularly in the online sector, is underway. The country is conscious about the potential drawbacks of such a thriving industry and hence is taking steps to minimize problem gambling. It continues to walk the fine line of maintaining an efficient and enjoyable casino sector while ensuring the welfare of its gamblers and the population as a whole. In conclusion, from its humble beginnings with racehorse betting to the plush casinos glittering in Auckland and Queenstown, New Zealand's gambling industry has come a long way. The integration of traditional gaming with online platforms has given birth to what we now know as the casino kingdom in New Zealand, and one that continues to expand and innovate. As this kingdom flourishes, so do the possibilities for its future.

Region: New ZealandGeneral: TNMFeaturedCasinos

Ruff Cycles’ new Lil’Buddy Edge e-bike is both playful and stylish

Thu, 01/25/2024 - 13:28
Ruff Cycles’ new Lil’Buddy Edge e-bike is both playful and stylish

Ruff Cycles, a prominent German electric bicycle (e-bike) manufacturer, has unveiled its latest addition to the e-bike market – the Lil’Buddy Edge, which boasts a playful design with unprecedented affordability. Positioning itself as the German brand’s most economical model to date, the Lil’Buddy Edge is available with a price tag of just €1,999 (approx. $2,200). This moto-inspired e-bike reflects a growing trend in the industry, where battery-powered bicycles resembling motorcycles are increasingly gaining popularity, offering a unique and stylish alternative for biking enthusiasts.

The new e-bike stands out with its vibrant colors and graffiti-inspired motif, clearly drawing inspiration from the dynamic street scene. Petar “Pero” Desnica, Managing Director of Ruff Cycles, expressed the brand’s strategic move towards the entry-level price bracket, aiming to broaden its consumer base.

By embracing a simplified design and more basic components, the manufacturer has successfully managed to keep the cost of the Lil’Buddy Edge comparatively low, making it an attractive option for those seeking an affordable yet stylish e-biking experience. Key to achieving the affordable price point, the manufacturer used a Bafang-branded rear hub motor instead of a mid-drive motor.

Additionally, the e-bike foregoes any type of suspension, relying on chunky tires and a comfortable seat to absorb the impact of uneven terrain. While this may result in a less classy ride compared to higher-end models, it aligns with the company’s goal of offering an economical entry point into the e-biking lifestyle.

Highlighting Ruff Cycles’ commitment to ensuring that the Lil’Buddy Edge maintains top-notch quality in spite of its affordable pricing, Desnica said that the company intended to provide a larger audience with the opportunity to experience the joy of Ruff Cycles e-bikes, fostering a sense of inclusivity.

While performance-related data and detailed specifications are yet to be fully revealed by Ruff Cycles, it is anticipated that the Lil’Buddy Edge, which has specifically been designed keeping the European market in mind, will feature a nominal power output of 250 watts, allowing for pedal assistance of up to 15 miles per hour. The inclusion of a derailleur drivetrain complements the electric two-wheeler’s functionality, allowing riders to flawlessly pedal alongside the electric motor.

In conclusion, as the demand for moto-inspired e-bikes continues to rise, Ruff Cycles’ Lil’Buddy Edge e-bike stands out as a stylish and accessible option for individuals seeking an e-biking experience without the associated costs of traditional motorcycles.

Region: GermanyCompany: Ruff CyclesGeneral: TNMFeaturedProduct Launch

Tesla EV price cuts could lead to ‘bloodbath’: Stellantis CEO

Thu, 01/25/2024 - 13:25
 Stellantis CEO

In the ever-evolving landscape of electric vehicles (EVs), Stellantis CEO Carlos Tavares has warned that engaging in a price war with Tesla could lead to severe repercussions. Cautioning against the potential for a "bloodbath," CEO Tavares expressed serious concern over the impact of aggressive price cuts on manufacturers’ profitability. Emphasizing the importance of maintaining a sustainable pricing strategy amid Tesla’s continuous price cuts, the top executive affirmed that his company wouldn’t follow suit.

Following the recent unveiling of the automotive group’s second EV-dedicated platform for next-generation vehicles, set to underpin the inaugural Jeep and Dodge electric models in the U.S. market, the top executive stressed that the company needed to resist succumbing to price pressures that could jeopardize profits. Citing the hazardous consequences of ignoring the true costs of production, the seasoned executive voiced concerns that unchecked price cuts could make several manufacturers vulnerable to takeovers.

Specifically, Tavares targeted Tesla, highlighting the potential pitfalls of aggressively slashing prices without considering the impact on overall profitability. The caution comes at a time when the Elon Musk-led EV giant continues to consistently reducing prices across its lineup, making strategic adjustments to boost its sales in the global market.

Speaking on the topic, Tavares said, “If you go and cut pricing disregarding the reality of your costs, you will have a bloodbath. I know a company that has brutally cut pricing and their profitability has brutally collapsed.”

Stellantis, an automobile group born out of the merger between Fiat Chrysler and PSA Group in the year of 2021, is one of the largest sellers of EVs in Europe. As it is preparing to introduce its first all-electric models in the U.S. market, including the Jeep Wagoneer S and the Dodge Charger EV, the top executive’s emphasis on maintaining profitability becomes crucial. With the planned launch of electric models under the Dodge, Jeep, and Ram brands, the group is all set to double its all-electric lineup.

While the electric shift is gaining momentum, Stellantis aims to avoid the pitfalls of an undiscerning price war and concentrate on delivering high-quality, innovative EVs. Tavares' comments underline the importance of maintaining a gentle balance between market competitiveness and guaranteeing a robust bottom line.

By prioritizing responsible pricing strategies over short-term sales, the Amsterdam, Netherlands-headquartered automaker has underscored its dedication to long-term success in the dynamic world of EVs.

Business: Auto SectorRegion: ItalyCompany: StellantisTesla MotorsGeneral: TNMFeatured