Hacksaw Gaming started in 2018 as a scratchcard studio; today its site lists more than 350 games and more than 40 regulated markets. Since June 2025 its parent company has been listed on Nasdaq Stockholm. Its slots are known for named mechanics such as DuelReels™, optional FeatureSpins and game pages that rate volatility on a scale of 1 to 5. We have reviewed three of its games; this page compares them and explains how to read a Hacksaw game sheet.
Last updated: 22 October 2026
Hacksaw slots we have reviewed
| Slot | Released | RTP (lower versions) | Volatility | Main feature | Max win |
|---|---|---|---|---|---|
| Bullets and Bounty | Aug 2025 | 96.27% (94.14%, 92.18%) | Low-medium | DuelReels, three bonus rounds | 20,000× |
| Harvest Wilds | Feb 2022 | 96.35% | High | 7×7 clusters, multiplying sunflower Wilds | 10,000× |
| Born Wild | 2021; re-released 2022 | 93.80% (original) | High (original) / low (2022) | Lion’s Roar respins, sticky Wilds | 2,500× (2022 version) |
Three very different games: a line slot with duels, a cluster slot without free spins and a hold-and-respin slot that exists in two versions.
How to read a Hacksaw game page
- Volatility as “X / 5”. Le Bandit shows 3 / 5, Wanted Dead or a Wild 4 / 5 and Chaos Crew 5 / 5. It is the studio’s own scale, so it compares Hacksaw games with each other, not with other studios — the general picture is in our volatility guide.
- Several RTP versions. Game pages list them openly. Wanted Dead or a Wild, for example, shows 96.38%, 94.55%, 92.33% and 88.42% — a spread of almost 8 percentage points between the versions a casino can choose.
- Max win as a multiple of the bet — 12,500× on Wanted Dead or a Wild, 10,000× on Chaos Crew and Le Bandit.
An 88% version costs three times as much on average as a 96% one: €12 against €4 per €100 staked. With Hacksaw games in particular, check the RTP in the help screen before you play.
Hacksaw’s mechanics and options
- DuelReels™ — a special symbol turns into a full Wild reel and fights a duel for its multiplier; used in Wanted Dead or a Wild, Phoenix DuelReels and Bullets and Bounty.
- FeatureSpins — more expensive spins with better odds or guaranteed features. On Le Bandit, BonusHunt FeatureSpins cost 3× the stake for 5× better odds of triggering a bonus; on Harvest Wilds, FeatureSpins at 5×, 25× or 100× guarantee seeds.
- Bonus buys — offered in most games where local rules allow; not in the UK. What they cost on average is shown in our bonus buy guide.
The company in brief
| Founded | 2018, starting with scratchcards and its own game platform |
| Parent company | Hacksaw AB (publ), domiciled in Stockholm; the games business runs from Malta |
| Listing | Nasdaq Stockholm, ticker HACK, trading since 25 June 2025 (IPO price SEK 77) |
| Licences | Malta Gaming Authority; UK Gambling Commission, account 54059, active since October 2019; plus Greece, Romania, Ontario, Sweden, Denmark, the Isle of Man and several US states |
| Scale | 354 released games and 308 employees at the end of June 2026 |
| Group CEO | Ana Vrabic Verdir, appointed permanently in August 2026 |
Which Hacksaw slot to choose
- Frequent wins, big ceiling: Bullets and Bounty — wins on almost every second spin and still reaches 20,000×.
- No waiting for a bonus: Harvest Wilds, where everything happens in the base game.
- Simple hold-and-respin: Born Wild — but check which version and RTP your casino runs.