Yggdrasil Gaming Review

The Yggdrasil Gaming Company: Founder, Leaders and Offices

Yggdrasil Gaming says it was founded in 2013, and trade press agrees: founder Fredrik Elmqvist, a former chief executive of NetEnt, brought the first demos to the ICE show in February 2013. One Maltese newspaper has given 2012, so you will see both years online. We go with the company’s 2013.

Elmqvist ran the business until April 2022, when trade press reported that he handed the CEO role to Björn Krantz. Krantz stepped down in 2023 and James Curwen, previously Chief Online Officer at OPAP, became CEO on 1 October 2023. In October 2026 the company added David Hopkins, formerly of Flutter and Entain, as Chief Transformation Officer.

The website lists two offices: Level 6, OPUS Penthouse in San Giljan, Malta, and Lubicz 17i in Krakow, Poland. It never labels either one as headquarters. The homepage counts “110+ Yggdrasilians” from more than 20 nationalities and says its games sit with more than 350 operators and 700 online brands.

Who Owns Yggdrasil Gaming?

Yggdrasil Gaming does not name its owner on its own website, but the paper trail is clear enough. In April 2013 trade press reported that Cherry Malta, a subsidiary of the Swedish gaming group Cherry AB, had invested in the young studio. Between 2016 and 2018 trade press described Yggdrasil as a Cherry business unit. In 2018–2019 a consortium led by Bridgepoint bought Cherry AB, and Cherry’s shares left Nasdaq Stockholm in May 2019.

The parent group’s own documents connect the rest. European Entertainment Group AB (publ), or EEG, says it was set up in 2019 by Bridgepoint and minority owners in connection with the take-private of Cherry, and that Bridgepoint is the majority owner. Its 2025 annual report says EEG owns 100% of European Entertainment Intressenter Sweden AB, formerly Cherry AB. The same report lists Yggdrasil Gaming Sweden AB with an 84% shareholding held within the group.

Who holds the other 16% is not stated. EEG’s other companies are ComeOn Group, Highlight Games and Game Lounge. EEG has bonds but no listed shares, and Yggdrasil itself has no stock-market listing. EEG’s chief executive, Itai Frieberger, was named chairman of Yggdrasil’s board in 2023.

Yggdrasil Gaming Limited, Sweden AB and (Gibraltar) Limited Explained

If you have seen “Yggdrasil Gaming Limited” or “Yggdrasil Gaming (Gibraltar) Limited” in a casino’s footer or terms, they are both part of the same group. EEG’s annual report lists eight Yggdrasil companies. We matched them against the regulators’ registers and the developer’s own licence page:

Yggdrasil Gaming Limited (Malta)

Yggdrasil Gaming Limited is the Maltese company most players will meet. It holds the MGA licence, the UK licence most often quoted and the Swedish, Danish and Greek licences, and the developer’s footer says “© 2026 Yggdrasil Gaming Ltd”.

Yggdrasil Gaming Sweden AB

Yggdrasil Gaming Sweden AB, registered in 2017 according to Swedish company data, sits at the top of the group table and holds a UK software licence. Swedish data lists it with no employees, so treat it as a holding and licensing company.

Yggdrasil Gaming (Gibraltar) Limited

Yggdrasil Gaming (Gibraltar) Limited holds the third UK account. The company also lists a Gibraltar licence, RGL No. 094, which appears on a Gibraltar government list from 2016; we could not find a current Gibraltar register to confirm its status today. Our review of Gibraltar’s regulator explains how its licences work.

Where the developer’s licence page and the UKGC register disagree on a licence number, we use the register. The register shows higher version suffixes (-015, -004 and -011) than the developer prints (-013, -003 and -008).

Yggdrasil Gaming Licences Mapped to Regulators

The developer’s regulated markets page says it is certified in more than 20 markets. This is how its licences map to the regulators, and how far we could check each one:

Yggdrasil Games: 450+ or 575?

Yggdrasil’s homepage says it offers more than 450 games. Its own website database, which we read through the site’s public game listing, holds 575 game pages. Both can be right: the database probably also keeps older or retired titles, which would make it bigger than the live “offered” figure.

The more important split is who made them. Only 159 of the 575 are credited to the Yggdrasil Gaming studio itself. The other 416, about 72%, come from 28 partner studios, led by Reel Play (78 titles), Reflex Gaming (46) and SpinOn (36). So when a casino advertises “Yggdrasil games”, a large share of its lobby may be partner titles distributed by Yggdrasil rather than built in-house.

Almost all Yggdrasil slot games are video slots. The database tags 244 titles as Buy Bonus, 24 as Jackpot and 39 as Collections, and lists 371 line games, 139 ways games and 21 cluster games. Every game page also lists 33 language options.

YGG Masters and YGG Champions: The Partner Programmes

YGG Masters is how the partner titles get there. The company says it curates content from independent studios and covers licensing, infrastructure, compliance, certification, translations and integrations, while the studio keeps its intellectual property. The homepage says there are 21 Masters partners, though its own releases have described one joiner as the 20th (December 2025) and a later one as the 24th, so the count moves.

YGG Champions launched on 23 June 2026 as a “house of brands” for studios that keep their own identity, starting with Suits & Royals, Slightly Edgy and Fish & Chips; 24Karot joined in August 2026. The company says these are not sub-brands of Yggdrasil, and that Masters and Champions together contribute more than 120 games a year.

Megaways, Jackpots and Bonus Buy in Yggdrasil Slots

• Megaways: the catalogue has five Megaways slots, such as Atlantis Megaways and Castle Cash Megaways, but all five come from partner studios (four from Reel Play, one from Jelly). We found no Megaways slot from Yggdrasil’s own studio and no statement that it holds a Megaways licence.
• Jackpots: 24 titles carry the Jackpot tag (14 of them from Yggdrasil’s own studio), from Joker Millions (2015) to 2025 releases such as Dick the Farmer. The company says FastPot5 puts five jackpots in one game and that Atlantean GigaRise has five progressive jackpots. We found no networked jackpot shared across casinos.
• Bonus Buy: 49 own-studio titles and 195 partner titles are tagged Buy Bonus, including Raptor 2 and 3 Piggies of Bank. The company does not say in which markets the feature is switched off, so it may not appear at every casino.

GigaBlox, DoubleMax and Yggdrasil's Other Game Mechanics

Yggdrasil calls its in-house mechanics Game Engagement Mechanics, or GEMs, and puts their names in the game titles. The descriptions below paraphrase the company’s own technology page. Partner studios can use the mechanics too, which is why the counts include some partner games.

GigaBlox Slots: The Oversized-Symbol Games Compared

GigaBlox is the mechanic Yggdrasil uses most: 53 games in its database carry it. Block sizes differ by game, from up to 4×4 in Gator Gold GigaBlox to up to 6×6 in Hades. These are the GigaBlox games we checked on the official pages. Euro max wins are as printed; the pages do not state the stake they are based on.

Best Yggdrasil Slots: Top Yggdrasil Online Slots Compared

Our pick of the best Yggdrasil slots starts with the developer’s own “Top games” list and adds the classics that casino lobbies still feature, so you can compare the best Yggdrasil online slots side by side. It is a comparison of well-known titles, not a ranked list.

Release dates, RTP, volatility and max win come from each official game page. Older titles have one fixed RTP; newer ones list several versions, so we show the full range. Euro max wins are as printed and the pages do not say which stake they assume.

Highest Max Win and Highest RTP Among Yggdrasil Slots

We did not check every title in the catalogue, so these are the highest figures among the official pages we read on 17 October 2026, not a claim about the whole range.

Vikings Go Series: Every Game, RTP and Release Date

Vikings Go is Yggdrasil’s longest-running slot series. We read each game’s official page on 17 October 2026. The max win column is the euro figure printed on the page, which does not state the stake it is based on; where the page also gives a multiplier we show it.

New Yggdrasil Slot Games and Release Pace

Yggdrasil’s own studio released 20 games dated 2025 on its site, roughly one every two to three weeks, and 10 between January and mid-October 2026. Partner studios added about 126 titles dated 2025 and about 66 so far in 2026. The own-studio pace has slowed in 2026, while partner output fills the release calendar. These are the newest own-studio releases:

Yggdrasil Mobile Casino: Playing Yggdrasil Slots on a Phone

Yggdrasil does not run a casino of its own, so a “Yggdrasil mobile casino” is simply a licensed casino whose mobile site or app carries its games. Official game pages list the supported platforms as desktop, Apple and Android, and older pages also carry a Mobile field (“Optimised” or “Yes”) and a 16:9 game resolution.

We have not run our own device tests, and how a slot feels on a small screen also depends on the casino’s site or app. Try a demo on your phone first, and check the stake range in the game before you play for real money.

Yggdrasil Gaming RTP: Why One Slot Has Up to Four Versions

RTP (return to player) is the share of all stakes a slot is designed to pay back over a very large number of spins. Yggdrasil Gaming shows RTP on most of its game pages, and for newer games it lists every version. A recent page, for example, headlines “94.0% and more” and then lists “94.0%, 90.5%” in the game details.

The numbers behind its RTP versions are striking. Of the 575 titles in its database, 298 carry two or more RTP values (117 with two, 137 with three and 44 with four). The most common values are 94% (295 titles) and 90.5% (284 titles), followed by 96% (167). The first multi-RTP game in the database was created in October 2023, and since then multiple versions have become the norm.

The pages list the versions but do not say who picks one. Where a developer offers several versions, the casino generally chooses which one it runs, so the same Yggdrasil slot can return less at one site than at another. Be careful with the headline figure too: it is not always the highest. Turbo Gold Deluxe GigaBlox leads with 90.5% even though 96% is also listed.

Yggdrasil Gaming Demo: How to Try the Slots Safely

Every game review on FAQsino includes a free demo where the studio allows it, so the place to try Yggdrasil slots for free is our game reviews. A Yggdrasil Gaming demo uses play money: nothing you win has any cash value, and nothing can be withdrawn or moved to a real-money account.

• 18+ only. UK-licensed casinos must verify your age before letting you play free demos, so expect to register first if you try one at a casino.
• The RTP may differ. A demo may not run the version your casino uses. Check the real game’s rules as shown above.
• Demos do not predict results. A lucky streak in play money says nothing about your next real-money spin.

A demo is the best way to learn how DoubleMax multipliers or GigaBlox symbols behave before you stake anything. If free play starts to make you want to chase real-money wins, our Responsible Gambling page lists tools and free support.

Is Yggdrasil Gaming Safe? Reputation and Regulatory Record

The core licensing picture is solid: three Active UK accounts with no recorded regulatory actions, an MGA licence, and Swedish and Danish supplier licences that both appear on the regulators’ own lists. The company displays Malta’s Responsible Gaming Foundation on its site, says it contributes to GambleAware every year and has belonged to the Swedish trade body SPER since 2020.

We found one sanction in the sources we checked. In March 2024, trade press including iGaming Business reported that Sweden’s Spelinspektionen gave Yggdrasil a warning and a SEK 300,000 sanction fee (about €26,000) for supplying game software to an operator that had no Swedish licence.

According to those reports, the investigation began on 16 January 2024, and Yggdrasil said it fixed the issue on 23 January and put it down to a breach of contract with a retailer. The regulator chose a fee rather than revoking the licence. We could not find the decision on the regulator’s own site.

Restructuring, Leadership Changes and Finances

In October 2023 an official Yggdrasil release confirmed “a strategic restructuring, resulting in a necessary reduction of roles” and thanked departing senior leaders, without giving numbers. Turnover continued: trade press reported that chief product officer Mark McGinley left in April 2024 and CTO Maciej Smolarek stepped down in May 2024. In October 2024 iGaming Business, citing Reuters, reported that Cherry had tried to sell Yggdrasil before without receiving satisfactory offers.

Yggdrasil’s own revenue is not published. EEG reports it in a Game Development segment with Highlight Games, which earned €55.3 million in 2025, up from €49.7 million. EEG’s Q2 2026 report describes Yggdrasil as “in transition”, and its annual report names Yggdrasil as the business with the lowest goodwill headroom in the group. David Hopkins’ October 2026 appointment comes with a mandate to simplify how the company operates.

Awards Yggdrasil Lists

The homepage claims 15 industry awards, and the about page lists 14 of them by year. According to that page, they include Innovator of the Year in 2023 and 2020, RNG Casino Provider of the Year and Platform Supplier of the Year in 2022, Slot Provider of the Year in 2021, and older wins going back to a 2015 Software Rising Star.

Links beside several entries point to the International Gaming Awards and EGR, but we could not confirm the wins on the organisers’ sites. The page lists nothing after 2023.

Best Yggdrasil Online Casinos: How to Choose Yggdrasil Casinos

Yggdrasil Gaming says it supplies more than 350 operators, so the logo alone tells you little. The operator holds your money, picks the RTP version and handles withdrawals. The best Yggdrasil online casinos are the ones that pass these checks:

1. A licence where you live. In the UK that means the UKGC; in Sweden, Spelinspektionen; in Denmark, Spillemyndigheden. UK players are better protected on UKGC-licensed sites.
2. The RTP version. Open two or three newer Yggdrasil slots and read the rules. A casino running the top version gives you more back over time than one running 90.5% or lower.
3. Payout terms. Look for clear withdrawal limits, timescales and verification rules.
4. Safer-gambling tools. Deposit limits, time-outs, reality checks and self-exclusion should be easy to find.
5. Bonus terms. Free spins are often tied to specific slots. Read the wagering rules before you accept.

Find Yggdrasil Casinos Near You

We do not hand-pick names. Every casino we have reviewed that carries the studio’s games appears in the “Casinos with Yggdrasil Gaming Games” section at the bottom of this page, ranked by FAQsino Trust Score and filtered to your location, so you only see Yggdrasil casinos relevant to where you are.

How to Recognise a Yggdrasil Slot

• Mechanic names in the title: GigaBlox, DoubleMax, MultiMax, WildEnergy, RushingWilds, OnlyWins or BoltLock tacked onto a game name are Yggdrasil signatures.
• Familiar series: Vikings Go, Valley of the Gods, Raptor and MexoMax keep returning as sequels.
• Partner names: Reel Play, Reflex Gaming, Jelly or Peter and Sons titles in a “Yggdrasil” lobby section usually come through YGG Masters.
• A buy feature: many recent titles are tagged Buy Bonus, where the market and casino allow it.
• Several RTPs: if the official page lists more than one RTP, it is most likely a late-2023-or-later release.

Yggdrasil Gaming vs Play'n GO, NetEnt and Games Global

How the Yggdrasil provider compares with other studios we review, using only what each publishes:

What We Could Not Verify

As of 17 October 2026 we could not confirm:

• Who holds the remaining 16% of Yggdrasil Gaming Sweden AB, or when and for how much Cherry first took a stake.
• Several licences on the regulators’ own registers: Romania, Belgium and Buenos Aires, plus the current status of Gibraltar RGL No. 094. These come from the developer’s page.
• Test laboratory names. The company names none publicly.
• Who chooses the RTP version, and how the in-game rules display it, from an official Yggdrasil statement.
• Why the database lists 575 titles against 450+ offered; retired titles are our best explanation, not the company’s.
• The Swedish decision document behind the 2024 fine; our account relies on trade press.
• Award wins on the organisers’ own sites.
• Claims on some third-party sites that another company bought Yggdrasil. We found no support for them.

Our Verdict on Yggdrasil Gaming

Yggdrasil Gaming has earned its place: Vikings Go Berzerk, Valley of the Gods and Raptor DoubleMax still hold up, its GEMs give its games a recognisable identity, and its UK, Maltese, Swedish, Danish and Isle of Man licences check out on the regulators’ registers. It is also refreshingly open about RTP, printing every version on its newer game pages.

That openness reveals the weak spot. Most newer Yggdrasil slots come in versions as low as 90.5%, some partner titles go to 86%, and most of the catalogue now comes from partner studios. Learn the features in a demo, compare Yggdrasil casinos on the RTP version they run, and set a deposit limit before you stake real money.