Table of contents
- Hacksaw
- Who Hacksaw Is on Paper
- The Eight Registers That Carry Hacksaw
- Layer One: The Build a Casino Licenses
- Return Versions Hacksaw Publishes, by Title
- Layer Two: Each Purchase Pays Its Own Figure
- Base Return Against the Weakest and Strongest Paid Mode
- How Big the Catalogue Actually Is
- What Hacksaw Does Not Publish
- Key Terms Used on This Page
- What Else Do Readers Ask
Hacksaw
Hacksaw is HGMT Ltd, a Maltese supplier of online slot software licensed in eight jurisdictions. It sets returns in two layers: a build each casino licenses, and a separate published figure for every paid mode inside a game.
Who Hacksaw Is on Paper
Hacksaw is HGMT Ltd, a Maltese company registered as C84111 at 1st Floor Suite 3, Central Business Centre, Mdina Road, Zebbug ZBG9015. One more company sits beside it: HGIM Ltd holds the Isle of Man supply licence, so a lobby in one market and a lobby in another can be served by different legal entities under the same brand.
That matters more than a company number usually does. A supplier licence is the one claim about a studio a reader can check alone, in a public register, in a couple of minutes, and the number is what makes the check possible.
The Eight Registers That Carry Hacksaw
| Regulator | Licence holder | Number | Valid to |
|---|---|---|---|
| Malta Gaming Authority | HGMT Ltd | MGA/CRP/501/2018 | |
| UK Gambling Commission | HGMT Ltd | 000-054059-R-331396-002 | no expiry published |
| Hellenic Gaming Commission | HGMT Ltd | HGC-000055-MN | |
| ONJN Romania | HGMT Ltd | L2223924Y001379 | no expiry published |
| AGCO Ontario | HGMT Ltd | GRSM1241574 | |
| Spelinspektionen, Sweden | HGMT Ltd | B2B gaming software licensee | |
| Spillemyndigheden, Denmark | HGMT Ltd | 24-432338 | |
| Isle of Man GSC | HGIM Ltd | software supply licensee |
Figures current as of ; the operator's live terms prevail.
Every row above was read in the register that issues it rather than taken from the studio's own page. Two of the eight publish no expiry date, and we print that instead of inventing one.
Layer One: The Build a Casino Licenses
The studio ships many titles in several return configurations and lets the operator choose. Eight of the seventeen Le titles publish more than one; the other nine carry a single figure each.
Return Versions Hacksaw Publishes, by Title
| Title | Versions | Published figures | Best-to-worst spread |
|---|---|---|---|
| Le Prechaun | 5 | 97.52% / 96.28% / 94.29% / 92.28% / 86.31% | 11.21 points |
| Le Vampire | 5 | 97% / 96% / 94% / 92% / 86% | 11.00 points |
| Le Bandit Hold & Win | 4 | 96.27% / 94.29% / 92.23% / 86.28% | 9.99 points |
| Le Sortudo | 4 | 96.27% / 94.29% / 92.23% / 86.28% | 9.99 points |
| Le Bandit | 4 | 96.34% / 94.23% / 92.17% / 88.36% | 7.98 points |
| Le Clubber | 3 | 96.34% / 94.23% / 92.17% | 4.17 points |
| Le Hooligan | 3 | 96.34% / 94.23% / 92.17% | 4.17 points |
| Le Football Fan | 3 | 96.41% / 94.29% / 92.30% | 4.11 points |
The Le Vampire row carries the studio's own rounding rather than ours. Its data feed reports 96.36% as the default, while its game page lists all five versions in whole percentages.
The last column is the part a player cannot see. Between the best and worst Le Prechaun build sits 11.21 percentage points, and nothing in a lobby says which one it licensed. The rules screen does print a return figure for the client you are in, and that is the closest thing to an answer. We cannot show it follows a licensed build: the demo serves the default configuration and rejects a request for any other, so we have never seen the screen under a 94% or an 86% build.
We tested whether the data feed would serve the lower builds on request. It refuses: asking for anything other than the default returns an error, so a public demo can only ever show you the default configuration, which is not always the best one.
Layer Two: Each Purchase Pays Its Own Figure
Inside a game, every paid mode carries its own published return, and paying is not a route to a better one. On fourteen of the seventeen titles at least one paid mode pays back less than the base game.
Base Return Against the Weakest and Strongest Paid Mode
| Title | Base | Weakest paid mode | Strongest paid mode |
|---|---|---|---|
| Le Bandit | 96.34% | 96.28% | 96.40% |
| Le Bandit Hold & Win | 96.27% | 96.28% | 96.29% |
| Le Bunny | 96.14% | 96.13% | 96.36% |
| Le Clubber | 96.34% | 96.28% | 96.40% |
| Le Cowboy | 96.28% | 96.10% | 96.33% |
| Le Digger | 96.26% | 96.22% | 96.33% |
| Le Fisherman | 96.33% | 96.14% | 96.33% |
| Le Football Fan | 96.41% | 96.21% | 96.35% |
| Le Hooligan | 96.34% | 96.28% | 96.40% |
| Le King | 96.14% | 96.13% | 96.36% |
| Le Pharaoh | 96.21% | 96.26% | 96.35% |
| Le Prechaun | 96.28% | 96.25% | 96.31% |
| Le Santa | 96.14% | 96.13% | 96.36% |
| Le Sortudo | 96.27% | 96.28% | 96.29% |
| Le Vampire | 96.36% | 96.12% | 96.36% |
| Le Viking | 96.32% | 96.27% | 96.35% |
| Le Zeus | 96.26% | 96.10% | 96.33% |
Three titles break the pattern, and two of them break it for the same reason. Le Sortudo and Le Bandit Hold & Win sell no bonus purchase at all: their panel charges a price for every spin instead, under a Feature Spins button, and both of those modes sit a hundredth of a point above the base game. Le Pharaoh is the one title where the cheapest thing you can pay for still returns more than the base.
On eight of the fourteen the weakest figure belongs to BonusHunt FeatureSpins, which is also the cheapest thing on the panel. Le Cowboy and Le Digger go furthest in sheer count, printing thirteen figures each because a gamble step inside a round changes the number. Le Pharaoh goes furthest in routes, with nine figures that depend on how the bonus started and which of four rounds a player picked.
How Big the Catalogue Actually Is
The studio's own listings disagree with each other. We scrolled both to the end on 5 October: the general games listing ended at 153 unique titles, the slots listing at 141. Both returned exactly sixteen names beginning with "Le ".
The seventeenth we found by probing. Le Clubber has a game page and a full data block, but no listing entry, because it had not launched yet. We tried 228 candidate addresses of the same shape and that was the only hidden hit; two invented names returned 404, which is how we know the probe meant anything.
A studio this precise about percentages being imprecise about its own catalogue size is worth noticing. It is also the reason this site counts seventeen Le titles and says where the number came from.
What Hacksaw Does Not Publish
Three things are missing, and a page claiming otherwise is quoting something that does not exist.
Hit frequency and the odds of reaching the maximum win are not published anywhere: the data feed returns zeroes for both and the rules screen prints neither. There is no public certificate for an individual title either, so a page showing a certificate number for one Le game is pointing at a register that holds no such entry.
Release dates are a partial case rather than a missing one. The GAME DATA block appears on titles released from June onward, and six of the seventeen carry an official date there. Ten take their date from affiliate catalogues, which this site marks as secondary, and one carries no date at all.
Readers who want to check any of this themselves can follow our guide to the studio demo client.
