Hacksaw Gaming’s story is worth knowing if you play their slots — and in Australia in 2026, there’s a reasonable chance you do, even if the studio name doesn’t ring an immediate bell. Wanted Dead or a Wild, RIP City, and the “Le” series (Le Bandit, Le Fisherman, Le Bunny) are Hacksaw titles. The studio behind them went public on Nasdaq Stockholm in June 2025 at a €2 billion valuation, making it one of the most significant iGaming IPOs in recent years.
The numbers behind that valuation are real. Revenue grew 44% to approximately €197 million, with an 84% EBIT margin — a profitability figure that places Hacksaw among the most efficient operators in the entire iGaming sector. The catalogue sits at 293 titles as of July 2026, and the studio is releasing roughly one new slot per week. Most recently, Death Becomes You landed at the end of June with a Bonus Buy included, and Nitro Nights released 23 June 2026. What started in Malta in 2018 as a scratchcard developer had, by 2021, produced Wanted Dead or a Wild (96.38% RTP, 12,500x max win), which remains one of the most-played online slots globally five years on.
The less-discussed part of Hacksaw’s catalogue is OpenRGS, a platform the studio launched in 2023 that transformed it from a content studio into a platform operator hosting eight third-party game developers. That’s the reason the total release count keeps climbing even when Hacksaw’s own in-house team couldn’t logically produce that volume alone: third-party studios running through the same technical infrastructure add to the Hacksaw-branded ecosystem. Practically speaking, you’ll find Hacksaw titles at more than 3,000 casino partners worldwide.
One detail worth understanding: Hacksaw builds four configurable RTP tiers into each game — from the standard 96% down to 88%. The published figure you see in reviews reflects the top tier. At 88% RTP, the same game returns meaningfully less over a long session. The actual running RTP at any specific casino is in the in-game paytable, not on the promotional page.
Why this matters for AU punters in 2026
A publicly listed studio with an 84% profit margin and MGA + UKGC dual licensing is a different risk profile to a small offshore studio with a single jurisdiction licence and no public accountability. For AU players, that corporate transparency matters more than it might seem: a studio with that governance structure is unlikely to quietly adjust RTPs without documentation, and their licensing obligations require independent RNG testing and regular audit cycles. That’s not a guarantee of outcomes, but it’s a meaningfully better baseline than an unlicensed provider.
The practical upside is simpler: the release pace of roughly one title per week means the Hacksaw section of any well-stocked casino lobby refreshes frequently. If you haven’t checked it recently, there’s likely a new release worth loading in demo mode before committing real money.
Find casinos carrying the full Hacksaw Gaming library in our casino reviews, or check which platforms have the latest drops in our real money casino guide.
18+ Gamble responsibly. National Gambling Helpline: 1800 858 858.
