Hacksaw Gaming Review

Hacksaw Gaming Games: Slots, Scratchcards, Instant Win and Crash

Hacksaw Gaming games cover more formats than most slot studios. Its website splits them into slots, scratchcards, instant-win games and, since September 2026, crash. The homepage still says “more than 250 games”, but the group’s reports give more recent counts, which include titles from third-party studios that use Hacksaw’s platform:

Dare2Win Instant-Win Games: Plinko, Twenty-One and Baccarat

Dare2Win is Hacksaw’s range of quick-result games, including Plinko, Mines, Limbo, Dice, Hi-Lo, Wheel, Baccarat and Twenty-One. These are instant-win formats, not live tables, and several official pages publish more maths than most older Hacksaw slots do:

Signature Mechanics: DuelReels, Golden Squares and FeatureSpins

A few features turn up again and again across Hacksaw Gaming slot games:

• DuelReels: in Wanted Dead or a Wild, a VS symbol that is part of a win expands into a wild reel, and the winning duelist’s multiplier applies to every win through that reel.
• Golden Squares and Super Cascades: Le Bandit marks the position of each winning symbol, and a Rainbow symbol turns the marked squares into coins, clovers and pots of gold.
• BonusHunt FeatureSpins: on Le Bandit you pay 3x your stake per spin for 5x better odds of triggering a bonus, per the game page.
• Epic Drop and Hidden Epic Bonus: Epic Drop appears in Chaos Crew 2 and 3. In Chaos Crew 3, five scatters start the Hidden Epic Bonus.
• Bonus Buy: many titles let you buy straight into a bonus where the market and casino allow it. Some top bonuses, such as Le Bandit’s Treasure at the End of the Rainbow, cannot be bought. In January 2020 the UK Gambling Commission told licensees not to offer feature buy-ins to British customers, as trade press reported at the time, so do not expect the option on UK-licensed sites.

Two official game pages publish their buy prices, which shows how quickly the costs add up:

OpenRGS: Other Studios on Hacksaw's Platform

Hacksaw was founded to build a remote gaming server (RGS), and since 2023 it has offered that platform to other studios as OpenRGS. Eleven partner studios used it by 30 June 2026. The company says its own testing department checks OpenRGS games for compliance. When a casino lobby files a game under Hacksaw, it may be an OpenRGS partner title rather than an in-house one, so check the studio logo on the loading screen.

Hacksaw Gaming Slots on Mobile

In a 2020 company interview the then COO stressed a mobile-first approach. The 2019 Pocketz series was announced as “extremely optimized for mobile devices”. Games load in the browser through Hacksaw’s launcher. We have not run device tests, and how a game feels on a phone also depends on the casino’s site or app.

Best Hacksaw Gaming Slots: Our Shortlist With Official Data

We found no official ranking of the best Hacksaw Gaming slots, and the company does not say which titles make up its top ten. We picked these from its flagship franchises and most-covered releases, plus two 2026 titles with standout maths. Hacksaw publishes volatility (on a 1–5 scale) and max win on many of its game pages, so the figures below are official unless marked otherwise.

Wanted Dead or a Wild Hacksaw Gaming Slot: The Wild West Duel

If one game defines the studio, it is Wanted Dead or a Wild. Hacksaw Gaming lists it as a 5×5 grid with 15 paylines, volatility 4 out of 5 and a 12,500x max win. DuelReels power the base game, and there are three bonus games. In The Great Train Robbery every wild that lands is sticky, Duel at Dawn makes several VS symbols far more likely, and Dead Man’s Hand collects wilds and multipliers before a Showdown phase uses them.

The game page lists four RTP versions: 96.38%, 94.55%, 92.33% and 88.42%. It also offers a Bonus Buy “to skip the wait at the saloon”, where your market allows it.

Hacksaw Gaming Le Bandit: The Cluster-Pays Leprechaun

The Hacksaw Gaming Le Bandit slot arrived in August 2023 and is the best-known title in the studio’s growing “Le” series. It is a 6×5 cluster-pays game rated 3 out of 5 for volatility, with a 10,000x max win. Three, four or five free-spins symbols open increasingly generous bonuses. The top one, Treasure at the End of the Rainbow, guarantees a Rainbow on every spin and cannot be bought.

Its RTP versions are 96.34%, 94.23%, 92.17% and 88.36%. A Hold & Win version with four fixed jackpots and a 2,500x max win followed in September 2026.

Chaos Crew 3 and the Chaos Crew Series

The Chaos Crew 3 Hacksaw Gaming slot launched in September 2025 and brings back the crew with a Cranky Cat wild multiplier and the Epic Drop feature. Three, four and five scatters trigger CTRL + ALT + CHAOS, The Korrupted K9 and the Hidden Epic Bonus, each with three refilling lives.

Its official page shows no RTP, volatility or max win. Third-party slot sites commonly list a top RTP of 96.18% and a 30,000x maximum win, but Hacksaw’s own page shows neither, so treat them as unconfirmed and check the paytable at your casino before relying on any figure quoted elsewhere.

Chaos Crew 2 is officially 5 out of 5 volatility with a 20,000x max win. The original, released in September 2020, is listed at 10,000x with three RTP versions.

RIP City, Densho, Drop'em and Eye of the Panda

RIP City is a 19-payline slot rated 3 out of 5 for volatility with a 12,500x max win. Densho is a 10-payline game rated 4 out of 5 with a 10,000x cap. Drop’em uses 7,776 ways, is rated 4 out of 5 and also tops out at 10,000x.

Eye of the Panda is one of the calmer options on our list: 27 paylines, 3 out of 5, a 10,000x max win, Super Cascades and Wild Panda multipliers from x2 to x10. All four list four RTP versions on their official pages, each starting at about 96.2–96.4%.

Hacksaw Gaming New Slot Releases in 2026

Looking for the latest Hacksaw Gaming new slot? Official release dates are printed on the game pages for 2026 titles. These are the most recent we found, newest first:

Hacksaw Gaming RTP: Four Versions of the Same Slot

RTP (theoretical return to player) is the share of all stakes a game is designed to pay back over millions of spins. For some games, Hacksaw Gaming RTP figures are unusually easy to find: the official page has a “game data” block that lists every RTP version. Roughly 40 of the 139 slot pages on its site publish such a list. Most publish none.

Where versions are listed, most pages show four: roughly 96%, 94%, 92% and 88% (or 86% on many newer titles). Players sometimes call these RTP variants or RTP settings. A few pages list three, and a few list five, including a version above 97%. The pages do not say who picks the version. Across the industry it is normally the casino that chooses which version it runs, so the same Hacksaw slot can pay back less at one site than at another.

Highest RTP and Biggest Max Win on the Official Pages

Across the 139 official slot pages, Le Prechaun lists the highest top version at 97.52%, and Le Vampire also offers a 97% version. Outside slots, the Plinko instant-win game lists seven versions from 98.98% down to 88.20%. The biggest slot max win is 50,000x on Epic Ze Zeus, ahead of Arizona James and the Lost Relics at 25,000x and Chaos Crew 2 at 20,000x. Remember that many older games publish no RTP or max win, so this ranking covers only the pages that do.

Are Hacksaw Slots High Volatility? RTP vs Volatility Explained

Not as uniformly as their reputation suggests. Of the 38 official slot pages that show a volatility rating, 21 are rated 3 out of 5, two are rated 2, ten are rated 4 and five are rated 5. The headline games skew higher: Wanted Dead or a Wild is 4, and Chaos Crew 2 and Epic Ze Zeus are 5.

RTP decides how much you lose on average; volatility decides how bumpy the ride is. A 5 out of 5 game can go a long time without a meaningful win, because much of its return sits in rare, large features.

At £1 a spin, 100 spins on the top Wanted Dead or a Wild version has a theoretical cost of about £3.62. On the 88.42% version it is about £11.58, more than three times as much. Real results swing far more than that. Spins are independent, so a game is never “due” a win. Set a budget and a deposit limit before you start.

Hacksaw Demo Guide: How Hacksaw Gaming Demo Slots and Free Play Work

Every game review on FAQsino includes a free demo where the studio allows it, so the place to try a Hacksaw demo is our game reviews. Hacksaw Gaming free play uses play money: nothing you win has any cash value, and nothing can be withdrawn or moved to a real-money account. People who search for a demo Hacksaw Gaming slot usually want to test the mechanics without risking money, which is what play-money mode is for.

• Age checks apply. UK-licensed casinos must verify your age before they let you play free demos.
• The RTP may differ. A Hacksaw Gaming slots demo may not run the same RTP version as the casino where you later play for real money.
• Bonus Buy is free only in a demo. Buying a bonus with play money costs nothing. Where real-money bonus buys are offered, they are priced as a multiple of your bet, so one priced at 100x costs €100 at a €1 stake.
• Demos do not predict results. A lucky demo run says nothing about the next real spin.

Hacksaw Gaming demo slots are a good way to learn how DuelReels or Golden Squares work before you risk anything. If free play starts making you want to chase real-money wins, our Responsible Gambling page lists tools and free support.

Is There a Hacksaw Gaming Fun Website or Player Community?

Searches for a “Hacksaw Gaming fun website player community” usually come from players who want free demos or somewhere to talk about the games.

We found no official Hacksaw Gaming fun website or player community. Hacksaw’s own site is aimed at casino operators and investors, and its community links are standard social media accounts and a merchandise shop. We did find a site on a “.fun” domain that carries the Hacksaw name, but it is a casino promotion page that Hacksaw’s official sites do not link to or mention, so do not treat it as official.

For demos, use our game reviews. To talk about Hacksaw slots with other players, join the discussion in our forum, linked further down this page.

Who Owns Hacksaw Gaming? Parent Company and Shareholders

Hacksaw Gaming belongs to Hacksaw AB (publ), a Swedish holding company registered in Stockholm. Its shares started trading on Nasdaq Stockholm under the ticker HACK on 25 June 2025, at an offer price of SEK 77, which valued the group at about SEK 22bn. Existing shareholders sold about 15% of the shares in the offering, so the company itself raised no new money.

No single shareholder controls the group. The Annual Report 2025 lists the ten largest holders at 31 December 2025, with data from Modular Finance. Together they held 60.8% of the shares, and votes equal capital.

Hacksaw Gaming CEO and Management in 2026

The Hacksaw Gaming CEO question has two answers, because the group uses two CEO titles. Ana Vrabic Verdir is Group CEO of Hacksaw AB. She is a former M&A lawyer who joined the board in 2024. On 30 April 2026 the board released Christoffer Källberg from his duties as Group CEO and made her interim CEO with immediate effect. On 20 August 2026 the company appointed her permanent Group CEO, also with immediate effect.

Marcus Cordes is Operational CEO of Hacksaw Gaming, the game business. Company news called him COO in 2019 and CEO of Hacksaw Gaming from 2022, which is why some databases still list him as “the CEO”. The rest of the management team is Mikael Rahm (Group CFO since 1 January 2026) and Philippa Gregory (Chief Compliance Officer). Patrick Svensk, formerly chair of Betsson, chairs the board.

Hacksaw Gaming Ltd, HGMT Ltd and the Other Group Companies

People searching for “Hacksaw Gaming Ltd” often assume it holds the licences. It does not. Hacksaw Gaming Ltd is a real Maltese company and the group’s main operating business, and its name appears in the copyright line on the brand website. The annual report says strategic decisions are made at Hacksaw Gaming Ltd in Malta, refers to it as a sub-group, and lists the licence holders as indirect subsidiaries of Hacksaw AB.

The gambling licences, however, are held mainly by two other group companies, HGMT Ltd and HGIM Ltd. Sweden’s licence register also lists Hacksaw Studios AB and Hacksaw Operations Ltd as game-software permit holders:

Hacksaw Financial Results: What the Group Reports

Hacksaw earns a share of the gross gaming revenue that operators make on its games, and it uses the same model for third-party games on its platform. As a listed company it publishes its numbers, which few slot studios do:

• 2024: revenue EUR 137.1m and adjusted EBIT EUR 116.1m, an 85% margin.
• 2025: revenue EUR 197.5m (+44%), adjusted EBIT EUR 161.4m (an 82% margin), profit EUR 142.8m and a dividend of EUR 0.40 per share.
• First half of 2026: revenue EUR 116.9m (+29%), with an 82% adjusted EBIT margin.
• Third quarter of 2026 (preliminary, 12 October): revenue of about EUR 57.5–58.5m against EUR 52.0m a year earlier. The company said growth was more moderate, citing softer market conditions and weaker game performance than in recent periods. The full report is scheduled for 3 November 2026.

Its top ten games produced 49% of gross gaming revenue in the second quarter of 2026. These are reported facts, not a view on the shares, and nothing here is investment advice.

Hacksaw Gaming Licences and Regulators

The group publishes its licences on a licences page with 18 entries, and repeats the main ones in the footer of every game page. These are the details it gives, with the companies that hold them:

Regulatory Record: Sweden and California

Sweden. On 23 May 2024 Spelinspektionen gave Hacksaw Studios AB a warning and a SEK 2.6m fee. According to the court’s summary, the company had supplied software to two operators without a Swedish licence. Hacksaw appealed. On 10 April 2025 the Administrative Court in Linköping cut the fee to SEK 20,000 but upheld the warning.

The court agreed there had been a serious breach, and found that geoblocking reduced the risk without removing the breach. It also took Hacksaw’s cooperation into account, and accepted that only Swedish turnover counts when setting the maximum fee.

California. Hacksaw AB, Hacksaw Gaming Ltd, HGMT Ltd and HGIM Ltd are named as defendants in a civil suit filed on 28 August 2025 in Los Angeles Superior Court (case 25STCV25304).

The suit was brought on behalf of the People of California against Stake.US and companies the announcement describes as its partners, according to Susman Godfrey, the law firm acting with the Los Angeles City Attorney. It alleges that the defendants operated or aided an illegal gambling enterprise in California. These are allegations, not findings, and as far as we could find the case is unresolved; we found no ruling in the sources we checked.

In September 2025 Hacksaw told the Swedish outlet EFN it had not been formally served. Its 2025 annual report says that during 2025 it stopped, or decided to stop, supplying sweepstakes operators in Louisiana, Montana and California. The UKGC register lists no regulatory actions against HGMT Ltd. We found no other fines or licence actions against Hacksaw companies in the sources we checked, though that search was not exhaustive.

Hacksaw Gaming Timeline, 2018 to 2026

Key dates from the sources used on this page, oldest first:

Hacksaw Gaming Casino Guide: Playing for Real Money

There is no casino run by Hacksaw. Every Hacksaw Gaming casino is a separate operator that holds your money, chooses the RTP version and handles withdrawals. When you play Hacksaw Gaming real money games, the operator matters as much as the game. Check these before you sign up:

1. A licence where you live. In Britain that means the UKGC, whose stake-limit guidance also caps online slot stakes (see the box below). UK players are better protected on UKGC-licensed sites.
2. The RTP version. Open Wanted Dead or a Wild or Le Bandit and read the rules. A casino running the top versions returns more over time.
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. Check wagering rules and whether specific Hacksaw slots are excluded.

Our List of Casinos With Hacksaw Games

The company says its games reach more than 3,000 operator brands, so we do not hand-pick names. The “Casinos with Hacksaw Gaming Games” section at the bottom of this page lists every casino we have reviewed that carries the provider Hacksaw Gaming. It is ranked by FAQsino Trust Score and geo-targeted, so you only see casinos relevant to where you are.

How to Recognise a Hacksaw Slot

Casino lobbies do not always show the developer. These clues give a Hacksaw slot away:

• The “Le” prefix: Le Bandit, Le Prechaun, Le Vampire, Le Digger and Le Football Fan all belong to one growing series. Le Viking, like Le Bandit, ties its bonus games to how many free-spin symbols land, from three up to six.
• Suffixes: Hold & Win, OG and Megamultiplier mark new versions of familiar titles.
• Buy and FeatureSpins buttons next to the spin button, where the market allows them.
• Dare2Win branding on instant-win games such as Plinko and Mines.
• The loading screen shows the Hacksaw logo, or an OpenRGS partner’s logo for third-party games.

Hacksaw Gaming vs Nolimit City, Quickspin and Play'n GO

How Hacksaw compares with other slot studios we review, using what each company publishes:

What We Could Not Verify

As of 18 October 2026 we could not confirm:

• The founders. No primary source names them.
• The owners behind the holding companies on the shareholder list, beyond press reports, or holdings after 31 December 2025.
• Official maths for Chaos Crew 3 and for most older titles, whose pages show no RTP.
• Who chooses the RTP version. The official pages list versions but do not say.
• Hit frequency and bet ranges, which Hacksaw’s game pages do not publish.
• A named test laboratory, or Hacksaw’s licence status in Spain and Germany.
• Award claims on third-party sites, which we could not check with the organisers.
• The outcome of the California suit.

Our Verdict: Hacksaw Gaming Review Summary

Hacksaw Gaming is one of the most open slot studios we have reviewed. It publishes volatility, max win and, for some games, every RTP version on its own pages. Its listed parent reports its owners, results and every group company, and its licence holders are licensed in the UK, Malta, Sweden, Denmark and more. Wanted Dead or a Wild, Le Bandit and the Chaos Crew games earn their reputation, and around five new in-house games a month keep the lobby fresh.

The trade-offs are high volatility on many headline games, RTP versions down to about 86–88% where listed, and a record that includes a Swedish warning and a US lawsuit that, as far as we could find, is unresolved. Learn the games with a free Hacksaw Gaming demo in our game reviews, check the RTP version at your casino and set a deposit limit before you play.