Hacksaw Gaming develops slots, scratchcards and instant win games. Its catalogue ranges from Western duels and urban cartoons to coin collection and flights with a rising multiplier. Individual titles differ in how they calculate wins, charge for special modes and distribute payouts. A cheerful character or a dark theme tells you little about those differences.
How the company and its game server developed
Founded in 2018, Hacksaw spent its first year building its Remote Gaming Server, or RGS. Its first online scratchcards appeared in 2019, followed by video slots on that platform in 2020. The group has teams in Malta and Sweden.
Hacksaw AB began trading on Nasdaq Stockholm on 25 June 2025. The founders retained influence through Fractional Holding and Lollipop Assets. The listing prospectus projected holdings of 16.4% and 9.9% after the full offering and additional option. Those figures describe the offering scenario; they are not permanent ownership percentages for every later year.
The supplier advertises more than 250 games, over 3,000 operator brands and more than 35 regulated markets. These measures count different things. Several brands can belong to one operator, and a supplier connection does not mean a casino has enabled every title. Regional catalogues can differ too.
RTP builds, volatility and the win ceiling
There is no single RTP or volatility rating for Hacksaw’s whole portfolio. The studio uses a five-point risk scale. Le Bandit and RIP City score three, compared with five for Chaos Crew 2. A lower score suggests less pronounced payout swings; it does not prevent long stretches without a substantial win or reveal the bonus frequency.
| Game | Risk and limit | RTP builds |
|---|---|---|
| Wanted Dead or a Wild | 4/5; 12,500x | 96.38%; 94.55%; 92.33%; 88.42% |
| RIP City | 3/5; 12,500x | 96.22%; 94.27%; 92.32%; 88.02% |
| Le Bandit | 3/5; 10,000x | 96.34%; 94.23%; 92.17%; 88.36% |
| Chaos Crew 2 | 5/5; 20,000x | 96.27%; 94.22%; 92.41%; 88.28% |
| Great Game Serengeti | 3/5; 5,000x | 96.29%; 94.21%; 92.30%; 86.24% |
| Fist of Destruction Megamultiplier | 5/5; 15,000x | 96.23%; 94.29%; 92.28%; 86.28% |
Each percentage belongs to a separate configuration. The return does not move between those levels after a spin. An operator selects an available build, so the highest supplier figure does not necessarily apply to the real-money game launched at a particular casino.
Wanted’s 96.38% and 88.42% configurations differ by 7.96 percentage points. Across 100 units wagered, their mathematical losses are 3.62 and 11.58 units. Turnover includes money returned and wagered again. These are long-run averages, not a promised session outcome. RTP does not count down the spins remaining before a bonus.
The original Chaos Crew has a 10,000x ceiling; Le Pharaoh reaches 15,000x. Joker Bombs is listed with medium 3/5 volatility and a 5,000x maximum. At a 0.20 stake, that limit represents 1,000 currency units. It tells you nothing about the chance of receiving that amount. Two games with the same ceiling can have very different ordinary payouts.
Wanted’s three bonuses and additive multipliers
Wanted Dead or a Wild uses five reels, five rows and 15 paylines. A VS symbol becomes a wild reel if its expanded form contributes to a winning combination. The duel assigns a multiplier to that entire reel.
Several DuelReels sharing a winning line add their values. A 5x reel and a 10x reel produce 15x. If the line’s original payout is 2, the result is 30. This calculation does not multiply five by ten, which would produce a different return.
Great Train Robbery holds landed wilds for the remaining spins. Duel at Dawn increases the chance of several VS symbols appearing and can involve up to five expanded reels. One feature preserves positions; the other changes the appearance of duel symbols.
Dead Man’s Hand has two stages. The first collects wilds and multipliers. During Showdown, the collected wilds are placed at random positions on each spin and the accumulated multiplier applies to all wins. The shared Western setting does not make these three rounds interchangeable.
Chaos Crew’s cats, stored values and Epic Drop
The wild cats in Chaos Crew and its sequel multiply one another on a shared winning payline. Cats worth 5x and 10x make 50x. An original line payout of 2 becomes 100. That calculation applies to the cats on the line; it is not a rule for every number displayed in the bonus.
The original stores bonus values above the reels, with Epic symbols boosting the bonus values. At the round’s end, the accumulated total is multiplied by the stake. Its introductory description says 15 paylines while its separate game-data block says 19. The line map in the running game determines a particular combination; those conflicting counts cannot be combined into one rule.
Chaos Crew 2 has a five-by-five grid and 19 paylines. Epic Drop can appear randomly in the base game and place at least five multiplier symbols. After their values are revealed, ordinary play resumes. It is a separate feature rather than the compulsory opening of every bonus.
Three scatters trigger the regular bonus with refilling lives. Four open the Super Bonus, which begins with an Epic Drop guaranteeing seven or more special symbols. The round pays through the values collected above the reels. Its ending conditions differ from a fixed allocation of ordinary free spins.
Le Bandit and Le Pharaoh: retained positions
Le Bandit uses a six-by-five grid and cascades. A win removes the contributing ordinary paying symbols and all other visible symbols of the same type. Replacements fall into the empty cells, and the sequence continues while new wins form.
Winning positions become Golden Squares. A Rainbow activates Golden Riches there: bronze coins pay 0.2–4 stakes, silver coins 5–20, and gold coins up to 500. Values appear first. Clovers then multiply adjacent cells, including pots, by 2–10. Finally, pots collect coins and the values of other pots.
Collection runs from top to bottom and left to right. Several pots can collect one another’s values. After the last collection, the golden positions activate again. The result therefore depends on the arrangement of clovers and collectors as well as on the size of an individual coin.
| Le Bandit round | What changes |
|---|---|
| Luck of the Bandit: 3 FS | Golden Squares remain until a Rainbow. An additional 2/3 FS symbols add 2/3 spins. |
| All That Glitters Is Gold: 4 FS | 12 free spins; squares remain throughout and can activate repeatedly. The same retrigger applies. |
| Treasure at the End of the Rainbow: 5 FS | 12 free spins, a Rainbow on every spin and retained squares throughout. This Epic round cannot be purchased. |
Four FS symbols during Luck of the Bandit upgrade it to All That Glitters. Remaining spins carry over, with four more added. This switches the bonus rules rather than merely increasing the spin counter.
Le Pharaoh takes a different approach. Winning symbols remain during re-drops, and replacements can extend existing combinations. Wins are paid after the sequence ends. A Rainbow present at that point activates Golden Riches. Green clovers multiply adjacent coins and pots; golden clovers affect the whole grid. Possible values are 2x, 3x, 4x, 5x, 10x and 20x.
Lost Treasures contains no ordinary paying symbols. Coins and pots remain until collected or until the round ends. Each spin uses a life; landing and activating a non-dead symbol refills the count to three. Three spins without a refill end the feature. Filling the grid with coins, pots or tablets ends it too.
RIP City: expanding cats and activated reels
RIP City has a five-by-five grid and 19 paylines. A Wild Cat expands downwards, potentially covering the whole reel. An ordinary wild in its path turns into a multiplier that the cat swallows and applies to the expanded symbol.
Ro$$ Bonus makes cats more likely to appear. Maxx Bonus instead activates reels: the first cat enables its reel, allowing new cats to appear there across the remaining free spins. That is different from holding one symbol in Great Train Robbery.
Wild Cat FeatureSpins guarantees two or three special symbols in a paid spin, depending on the selected price. The guarantee concerns symbols. It does not establish a positive cash result or replace the payline calculation.
Serengeti and Fist of Destruction Megamultiplier
Great Game Serengeti was released on 10 September 2026. Hunting Season fires five shots at targets above the reels. One-, two- and three-star animals on hit reels turn into coins. A four-star animal becomes a trap worth at least ten stakes. It collects other coins and traps and adds their values to its own.
Stampede Reveal guarantees Hunting Season and excludes low-paying symbols from that reveal. Wilds on hit reels can multiply one to five coins and traps by up to 20x. Three FS symbols award eight Khaki Quest spins; four award ten Roaring Reign spins with a progressive Lion Bar. Five open ten Zebrawl spins, with a Hunt guaranteed on every spin.
Fist of Destruction Megamultiplier was released on 17 September 2026 and uses five reels and four rows. A Fist expands into a wild reel when it creates a win, gaining multipliers by punching through fighters or wilds. Multiple multipliers are added and applied to affected wins.
Three FS symbols award ten Throwdown spins; four award ten Ultimate Throwdown spins. Three victory points from punches trigger Epic Drop, with four Fists in the Ultimate version. One Megamultiplier alongside three or four FS symbols opens an upgraded round, multiplying its combined wins by a global Megamultiplier. Three Megamultiplier symbols together immediately award the maximum win.
Paying for Bonus Buy and FeatureSpins
Bonus Buy starts the chosen round immediately. FeatureSpins pays for an individual spin with altered conditions: a greater bonus chance or guaranteed symbols. Available options and prices depend on the title, operator and features allowed in the market.
Le Bandit BonusHunt raises the bonus chance fivefold for three stakes per spin. Chaos Crew 2 raises it tenfold for five stakes. With a selected 0.20 stake, those attempts cost 0.60 and 1.00 respectively. Ten attempts cost 6 and 10 currency units. A greater entry chance is not an equivalent improvement in the chance of covering the expense.
The entry price and the win ceiling are separate parameters. Buying the regular feature does not automatically open a hidden Epic round. The mode name and full amount charged matter before confirmation, rather than the base stake alone.
OpenRGS, scratchcards and Moneyplane
Since 2023, OpenRGS has allowed other studios to create and distribute games on Hacksaw’s platform. A partner can use its own maths and backend or a Hacksaw solution. The platform supports testing, certification, translations and operator integration. A shared server does not merge the developers or impose one RTP on every game.
Scratchcards and instant win games are distinct from payline slots. Scratchcards reveal areas of a ticket, while instant games resolve according to their chosen format. Their presence in the supplier’s catalogue does not mean every connected casino offers all of them.
On 7 September 2026, Hacksaw introduced its first crash game, Moneyplane, using Bail2Win. Bets are placed before take-off, then the multiplier rises during a flight shared by participants. A payout requires cashing out before the crash. A bet still aboard when it crashes loses.
Moneyplane offers five RTP configurations from 92% to 98% and a 10,000x maximum. Several panels contain separate bets but share one flight. Cashing out early on the first panel does not rescue a second bet left aboard. Auto Cash Out sets an automatic exit threshold, which the flight may never reach. Autoplay controls subsequent bets and serves a different purpose.
Supplier licences and casino access
Malta-based HGMT Limited, company registration C84111, is a subsidiary of Hacksaw AB. MGA/CRP/501/2018 covers B2B critical gaming supply. British register account 54059 lists active Gambling Software and Game Host (Casino) activities from 2 October 2019. Its current number is 054059-R-331396-007.
| Jurisdiction | Supplier permission |
|---|---|
| Malta | MGA/CRP/501/2018; B2B Critical Supply. |
| Greece | HGC-000055-MN; Manufacturer Suitability. |
| Romania | L2223924Y001379; Class 2 software distribution. |
| Ontario | GRSM1241574; Gaming Related Supplier Registration. |
| Sweden / Denmark | 23Si638 / 24-432338; gaming software permissions. |
| Isle of Man | HGIM Ltd; Software Supply OGRA, a separate company. |
The group also lists separate permissions for New Jersey, Pennsylvania, Michigan, West Virginia and Connecticut. Ontario and Alberta have separate entries, while LOTBA concerns the City of Buenos Aires. An approval for one territory does not extend to the whole country. A Russian or English interface does not change the player’s residence.
The casino handles registration, identity documents, bonus balances and withdrawals. A supplier authorises its game in the relevant system; it does not set one deposit amount, payout time or welcome offer for every brand. A promotion’s exact title, wagering contribution, bonus-buy permission and maximum stake all matter.
Demo play and mobile controls
The slots support mobile devices. A free version helps explain collection order, wild positions and bonus differences. Virtual credits cannot be withdrawn, and a successful demonstration round does not determine a later real-money session.
Changing the stake or FeatureSpins mode changes the next action’s cost. The full price matters because an enhanced mode may remain enabled. The game help separately identifies its lines, payout ceiling, active RTP and special-round ending conditions. A sequel’s name does not transfer the original’s parameters to it.
