hacksawgaming.com
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Hacksaw Gaming is a business-to-business (B2B) games studio that designs and supplies online slots and instant-win titles to licensed casino operators. It does not run a casino of its own and does not hold player funds. When you play a Hacksaw title, your account, deposits and withdrawals sit with the casino operator; Hacksaw supplies the game software that runs inside that operator's site. This distinction matters for how you should review the company: a player's experience of Hacksaw is about game design, volatility, transparency and fairness, not about payout speed or customer support, which are the operator's responsibility.
The studio was founded in September 2018 by Marcus Cordes and Kamil Guclu, and is headquartered in Malta. It began with a narrow focus on reinventing the online scratchcard before expanding into the high-volatility slots that now define its catalogue. The corporate parent, Hacksaw AB, listed on Nasdaq Stockholm on 25 June 2025 under the ticker HACK following an oversubscribed initial public offering that valued the group at roughly two billion euros. That public listing is relevant for players because a stock-exchange-listed company is subject to continuous financial disclosure and audit obligations, which adds a layer of transparency that privately held studios do not face.
By the company's own account it works with several thousand operator brands and distributes across more than 35 regulated markets. Its catalogue runs to a few hundred titles, a smaller and more curated library than the largest legacy suppliers, reflecting a strategy built around a steady stream of distinctive releases rather than sheer volume.
As a games supplier rather than a casino, Hacksaw is regulated through B2B supplier licences and software certification rather than a consumer gambling licence. Publicly available information indicates the studio holds a Malta Gaming Authority (MGA) B2B licence and a UK Gambling Commission (UKGC) licence permitting it to supply games to UK-licensed operators, alongside approvals in other regulated jurisdictions such as Ontario, Denmark, Romania and Greece. We have not independently verified every individual jurisdiction listed by the company, and where a specific licence number or approval is required, you should confirm it on the relevant regulator's public register rather than relying on a marketing claim. To understand what these licences cover, see our guide on casino licences explained.
The core fairness question for any slot studio is whether its random number generator (RNG) and stated return-to-player (RTP) figures have been independently tested. In regulated markets such as the United Kingdom and Malta, suppliers are required to have game maths and RNG output verified by an accredited independent test house before a title can go live, and to keep that certification current. Hacksaw's presence in these markets means its games are subject to that mandatory testing regime. We are not able to independently confirm from public sources which specific laboratory certifies each Hacksaw title, so we describe the certification as regulator-mandated independent testing rather than naming a lab we cannot verify. The major accredited test houses in this space include eCOGRA, iTech Labs, GLI and BMM Testlabs; a certificate from any of these, where published by an operator alongside a game, is a genuine fairness signal worth checking.
One point deserves particular attention because it affects what you actually receive when you play. Like most modern slot suppliers, Hacksaw builds many of its games to run at more than one RTP setting, and the operator chooses which setting to deploy. Industry reporting indicates Hacksaw titles can be configured at several levels, commonly cited as 96, 94, 92 and 88 percent for the same game. That means two casinos can offer what looks like the identical Hacksaw slot while paying back materially different amounts over time. This is not unique to Hacksaw and it is not inherently dishonest, but it is easy to miss. The studio does not publish a single portfolio-wide RTP, because RTP is set per game and per operator deployment. Before you play, check the RTP stated inside the specific game's information panel at the specific casino you are using, and treat any headline RTP quoted on a third-party listing as the best-case figure rather than a guarantee. Our explainer on wagering requirements explained covers a related way that the same nominal terms can play very differently in practice.
Hacksaw's reputation among players rests on a recognisable house style: bold cartoon art, mobile-first design, very high volatility and large advertised maximum wins. The flagship title is Wanted Dead or a Wild, a Wild West slot with an advertised maximum win in the region of 12,500 times stake, which is widely credited with establishing the studio's profile. Other frequently played titles include Chaos Crew, Le Bandit, RIP City and The Bowery Boys. The Pocketz scratchcard and instant-win range continues the company's original niche.
From a player-protection standpoint, the most important thing to understand about high-volatility games is variance. A 12,500x maximum win is a ceiling reached by an extremely small fraction of sessions; the typical experience is long stretches without a meaningful return, punctuated by occasional hits. That design is legitimate and clearly disclosed in each game's volatility rating, but it can encourage chasing losses if you are not aware of it. If you find yourself increasing stakes to recover a losing run, that is a recognised warning sign, and our responsible gambling resources explain the tools available to set limits or take a break.
What Hacksaw cannot affect is anything to do with your money once it leaves the game. Deposits, withdrawal processing times, identity verification and bonus terms are all set by the casino operator, not the studio. If a payout is slow or a bonus condition feels unfair, that is an operator matter rather than a Hacksaw one. Our guide to what fast-payout casinos really mean sets out where payout responsibility actually sits.
Hacksaw titles appear across a large number of licensed casinos, distributed both directly and through aggregation platforms. BetVouch lists the casino operators in our directory that carry Hacksaw games, so you can see which of the brands we cover offer them and read the player reviews for each operator. Browse the operators we track on our businesses directory, and remember that the right question for an operator review is how that casino treats you, while the right question for Hacksaw is whether its games are fair and clearly described.
The recurring themes players raise about Hacksaw games are worth knowing in advance. The first is the RTP-variant point above: a player may assume a game pays at its highest advertised RTP when the casino has in fact deployed a lower setting. The fix is to read the in-game information panel at your specific casino. The second is volatility shock, where players accustomed to gentler slots are surprised by how long Hacksaw titles can run cold; this is a design feature, not a malfunction, and is disclosed in the volatility rating. The third is confusion over responsibility, where a complaint about a withdrawal or a bonus is directed at the studio when it can only be resolved by the operator. If you have a dispute, our complaints guide explains how to escalate to the operator and, if needed, to its regulator. Finally, because BetVouch earns no commission from any operator or supplier, nothing here is a recommendation to play; we describe how the company works so you can judge it for yourself, a stance we explain in the affiliate problem in casino reviews.
Editor note (Marijan Karajanov, 11 June 2026). A full hands-on BetVouch assessment of Hacksaw Gaming, conducted under our Editorial Policy and scored against our six-criteria methodology, is scheduled. Until that work is complete the rating shows Not yet rated. The facts above are drawn from public company disclosures, regulator information and industry reporting current as of this date; where a detail could not be independently confirmed we have said so and phrased it conservatively. If you represent Hacksaw Gaming and can supply verifiable certification or licensing documentation, you are welcome to contact our editorial team.
Have you played Hacksaw Gaming titles? Share your experience of the games themselves, their fairness, their volatility and how clearly their RTP and features were presented. Be the first to review Hacksaw Gaming on BetVouch. Honest, first-hand accounts help other players form a realistic picture. Please review the games and the studio, not the casino you played at; operator-specific feedback belongs on that operator's profile in our directory.
