Hacksaw Gaming general information and statistics
Hacksaw Gaming is a Swedish listed supplier with development roots in Stockholm and regulated operations through Malta. Its catalogue is built mainly around online slots, with scratch cards and instant win games forming a much smaller share. The commercial numbers show a lean supplier with unusually broad distribution, but players will notice the volatility before they notice the scale.
| Category | Details |
|---|---|
| Founded | September 2018 |
| Company origin | Sweden |
| Headquarters | Stockholm, Sweden |
| Operating entity | HGMT Ltd, Malta |
| Public listing | Nasdaq Stockholm since 2025 |
| Employees | About 254 across four offices in 2025 |
| Portfolio size | About 290 games at the end of 2025 |
| Main products | Online slots, digital scratch cards and instant win games |
| Revenue composition | 96% slots and 4% scratch cards and instant win products |
| Typical release pace | Four internal games each month, plus external OpenRGS releases |
| Games released in Q4 2025 | 25 |
| Operator reach | More than 3,000 casino brands |
| Player reach | About 9 million players |
| Regulated reach | More than 35 markets |
| Key licences | Malta, United Kingdom, Sweden, Denmark, Greece, Romania, Ontario and Isle of Man |
| United States approvals | West Virginia, Michigan, Pennsylvania and New Jersey |
| Malta licence | MGA Critical Supply Licence MGA/CRP/501/2018 |
| United Kingdom licence | UK Gambling Commission account 54059 |
| Platform | Proprietary Remote Gaming Server and OpenRGS |
| Operator integration | Reported onboarding in less than one day |
| External studios | Eleven studios developing through OpenRGS by May 2026 |
| Typical RTP profiles | Common configurations near 96%, 94%, 92% and 88% |
| Typical volatility | Mostly high or very high |
| Common maximum win range | Often 10,000× to 12,500× stake, with some games reaching 25,000× |
| Core design approach | Portrait focused mobile play, compact interfaces and direct bonus access |
| Notable mechanic | DuelReels™ |
| Information security | ISO 27001 certification achieved in 2019 |
| Reported 2025 margins | 86% EBITDA margin and 84% operating margin |
| Long term financial targets | Annual revenue growth above 30% and EBIT margin above 80% |
| Shareholder return target | More than 75% of net profit through dividends or share buybacks |
The scale does not make Hacksaw feel broad in the way an older provider catalogue does. Its identity remains concentrated. Most sessions involve compact grids, sharp sound cues, scarce bonuses and a large advertised ceiling hanging over every spin. RTP configuration matters heavily here. Dropping from roughly 96% to 92% or 88% adds further pressure to games that already produce long dead stretches and abrupt balance loss.
Hacksaw began with mobile digital scratch cards before Pocketz became its first slot in 2019. Slots later grew to generate 96% of company revenue.
History, games and evolution of Hacksaw Gaming
Hacksaw Gaming entered the online casino industry in 2018, initially developing digital scratch cards before expanding into online slots the following year. Rather than competing through the size of its catalogue, the Swedish supplier focused on high-volatility mathematics, compact mobile-first design, and distinctive mechanics that quickly separated it from more traditional studios. Today, Hacksaw distributes its games across hundreds of online casinos through licences in multiple regulated markets and the launch of its OpenRGS platform has allowed third-party studios to build games using Hacksaw's technology.
Why Hacksaw Gaming Stands Out
Hacksaw built its reputation around volatility rather than volume. Instead of producing hundreds of similar slots, the studio focuses on games with aggressive mathematics, distinctive bonus mechanics, and maximum win ceilings that regularly reach 10,000x, 12,500x, or even 25,000x the stake.
Some of the provider's most recognisable releases include:
- Wanted Dead or a Wild — DuelReels™, sticky wilds and a 12,500x maximum win.
- Chaos Crew — Multiplier collection mechanics with a 10,000x maximum payout.
- Le Bandit — Cluster pays, expanding golden squares and up to 25,000x the stake.
- Hand of Anubis — Cascading reels combined with progressive multipliers.
Although the themes vary, the mathematical profile remains remarkably consistent. Most Hacksaw slots feature high or very high volatility, extended losing streaks, and bonus rounds that account for a significant share of the game's theoretical return.
RTP, Volatility and Bonus Buys
Default RTP across many Hacksaw slots sits around 96%, although some casinos choose lower configurations such as 94%, 92%, or even 88%. That difference has a greater long-term impact than small RTP variations between individual games, making it worth checking the information panel before playing.
Bonus Buy features have also become a defining part of the Hacksaw catalogue. Instead of waiting hundreds of spins for a feature, players can purchase immediate access to the bonus round. While this removes long waiting periods, it doesn't reduce the underlying volatility. Bonus buys frequently return less than their purchase price, and several unsuccessful buys can exhaust a bankroll far more quickly than standard gameplay. For that reason, we generally recommend treating Bonus Buy features as occasional extras rather than the default way to experience Hacksaw games.
Top 10 best Hacksaw Gaming slots
The strongest Hacksaw slots are not necessarily the easiest on a bankroll. This ranking favours games with a clear identity, bonuses that can genuinely change a session and base play that remains readable after the first hour. Every listed RTP is the usual default profile. Casinos can offer lower configurations, so the figure shown inside the game should always take priority.
| Rank | Name | RTP | Volatility | Max Win |
|---|---|---|---|---|
| 1 | Wanted Dead or a Wild | 96.38% | High | 12,500x |
| 2 | Le Bandit | 96.34% | High | 10,000x |
| 3 | Hand of Anubis | 96.24% | High | 10,000x |
| 4 | Chaos Crew | 96.30% | Very high | 10,000x |
| 5 | Densho | 96.29% | High | 10,000x |
| 6 | Rip City | 96.22% | High | 10,000x |
| 7 | Cursed Seas | 96.27% | High | 12,500x |
| 8 | Keep Em | 96.27% | High | 10,000x |
| 9 | Stack Em | 96.28% | High | 10,000x |
| 10 | SixSixSix | 96.28% | Very high | 10,000x |
Wanted Dead or a Wild remains the clearest expression of the provider because its quiet base game can suddenly turn one wild sequence into the entire session. Le Bandit creates more visible momentum, while Hand of Anubis and Densho make players wait for connected modifiers. Chaos Crew, Rip City and SixSixSix apply heavier pressure through frequent small teases that rarely cover the dead spins surrounding them. None of these games should be judged from ten spins or one purchased bonus.
Hacksaw Gaming slots with highest RTP and payout
RTP is a long term mathematical average rather than a promise for one session. It becomes especially important with Hacksaw because casinos can select profiles near 96%, 94%, 92% or 88%. A game at 96.3% can still destroy a balance through severe variance, but choosing its 88% version adds a permanent mathematical disadvantage before the first spin begins. Joker Bombs currently sits among the highest default RTP choices in the catalogue.
- Joker Bombs RTP 96.43%
- Wanted Dead or a Wild RTP 96.38%
- Le Bandit RTP 96.34%
- Chaos Crew RTP 96.30%
- Densho RTP 96.29%
- Stack Em RTP 96.28%
These are default figures and not universal casino settings. Open the information panel before staking money and leave if the selected profile is substantially lower. The difference between 96.43% and 96.28% is minor beside the effect of volatility during a short session. The difference between 96% and 88% is not minor and should influence whether the game is played at all.
New Hacksaw Gaming slots and releases in 2026
The 2026 release pipeline remains fast, with new games appearing across casinos at different times because certification and local approval schedules vary. Red Rascal, Sand and Ashes, Magic Piggy OG, Le Digger and Dynasty of Death are among the recent names to watch. Their themes change, but the real test is whether the bonus structure creates fresh tension or simply places another skin over familiar dead spin patterns.
Red Rascal
Red Rascal enters the 2026 slate with the compact presentation expected from Hacksaw. The important question is how often its modifiers create useful movement rather than visual activity with little balance impact.
- Release window 2026
- Game type Online video slot
- Session watchpoint Modifier frequency and the cost of waiting for the main bonus
- RTP check Confirm the active profile inside the casino version
Sand and Ashes
Sand and Ashes brings a darker identity to the new release list. Atmosphere matters for the opening minutes, but its long term value depends on whether the feature cycle arrives often enough to stop the base game becoming another expensive waiting room.
- Release window 2026
- Game type Online video slot
- Session watchpoint Dead spin length before meaningful feature progress
- Bankroll approach Use conservative stakes until the natural bonus rhythm is clear
Magic Piggy OG
Magic Piggy OG uses a lighter name, although that should not be confused with gentle mathematics. Hacksaw regularly places severe variance beneath playful art, making the size and frequency of ordinary returns more useful than the tone of the theme.
- Release window 2026
- Game type Online video slot
- Session watchpoint Whether small wins support the balance between bonus rounds
- RTP check Do not assume every operator carries the default profile
Le Digger
Le Digger extends the recognisable Le identity that became prominent with Le Bandit. Familiar branding raises expectations, but its real staying power will come from how golden positions, modifiers and bonus progression interact during a longer session.
- Release window 2026
- Series Le collection
- Session watchpoint Whether visible grid progress converts into paid momentum
- Comparison point Judge its bonus pacing against Le Bandit rather than its artwork
Dynasty of Death
Dynasty of Death closes this group with the sort of severe name that suits Hacksaw variance. The danger is familiar. A dramatic maximum win can dominate attention while most real sessions are decided by the frequency of weak bonuses and the speed of base game losses.
- Release window 2026
- Game type Online video slot
- Session watchpoint Bonus quality rather than the advertised win ceiling
- Bankroll approach Avoid chasing early losses through larger stakes or repeated feature purchases
Can I trust Hacksaw Gaming games?
I trust Hacksaw as a legitimate software supplier, but that does not mean I trust every casino carrying its games. HGMT Ltd holds licences from regulators including the Malta Gaming Authority and UK Gambling Commission, while the business is publicly listed and has held ISO 27001 certification since 2019. Those credentials support the integrity of the platform and its distribution. The harder issue is operator control. Casinos can choose lower RTP profiles, restrict withdrawals and present bonus buys without explaining how quickly they can consume a bankroll. Always confirm the casino licence, active RTP and payment terms before playing.
Hacksaw Gaming and Australian gambling law
Hacksaw Gaming does not hold an Australian online casino licence, and Australia does not license online casinos to offer real money slots to people in the country. Under the Interactive Gambling Act 2001, offshore operators must not provide prohibited online casino services to Australian residents. ACMA can issue warnings, pursue enforcement and request website blocking. Hacksaw licences from Malta or other markets do not override Australian law, so the legality and protection available through an offshore casino should never be assumed from the provider name.
Pokcas verdict on Hacksaw Gaming
Pokcas sees Hacksaw Gaming as a technically credible software provider with some of the harshest session mathematics in modern slots. Its games load quickly, work naturally on mobile and can produce extraordinary multiplier sequences, but most real sessions are defined by dead spins, weak bonuses and balances falling faster than the maximum win marketing suggests. The default RTP near 96% is acceptable, while 92% and 88% versions are difficult to justify under this level of volatility. Our view is simple.
“Hacksaw understands tension better than comfort, and players pay heavily for every chance at the explosive moment.”
We would choose a licensed casino with the highest RTP profile, avoid repeated bonus buys and keep stakes low enough to survive the empty stretches.
FAQ about the best Hacksaw Gaming casino in Australia
These answers cover the checks that matter when comparing a Hacksaw Gaming casino for Australian players, including legality, RTP settings, mobile performance and the real cost of bonus buys.