Fantasma Games slots

Fantasma Games slots come from a Stockholm studio founded in 2016, whose flagship series is Gold Pigger and whose first releases in 2017 were Samurai Ken, Spooky 5000 and Super Sumo. It took a Megaways licence in 2019 and was bought by EveryMatrix in 2024. This page covers its history, the takeover, and how to judge one of its games at a UK casino.

Key takeaways

  • Fantasma Games was founded in Stockholm in 2016 and released its first three slots in 2017.
  • It licensed the Megaways mechanic in 2019, and its flagship series is Gold Pigger.
  • EveryMatrix bought the studio in 2024 after an offer of SEK59 a share that valued it at about SEK209.8m; 95.2% of shareholders accepted.
  • We hold no checked RTP or max win figures for Fantasma games, so the help screen at your casino is the place to look.
Founded
2016
Based
Stockholm, Sweden
Owner
EveryMatrix (since 2024)
First releases
Samurai Ken, Spooky 5000, Super Sumo (2017)
Megaways licence
2019
Flagship series
Gold Pigger

Who makes Fantasma Games slots?

Fantasma Games is a Swedish slot studio founded in Stockholm in 2016. Its founder, Fredrik Johansson, was also its chief executive at the time of the 2024 takeover. Like most online studios it does not take bets itself: it designs games and supplies them to licensed casinos, which run the accounts, payments and safer gambling tools. That division is explained in our answer to what is a slot provider.

Fantasma is a small studio compared with the names at the top of our online slot providers list, but by September 2024 its games were integrated with more than 250 operators across 50 countries. That reach comes largely through distribution platforms, which is why the 2024 sale to EveryMatrix, itself a games distributor, made sense for both sides.

Fantasma Games history and timeline

The studio’s first three games arrived together in 2017: Samurai Ken, Spooky 5000 and Super Sumo. Two years later it signed a licence to use Megaways, the random-reel-height mechanic created by Big Time Gaming, joining a group of studios that built their own games on the format. Over time the Gold Pigger series became its flagship.

Fantasma Games timeline
DateEvent
2016Studio founded in Stockholm
2017First releases: Samurai Ken, Spooky 5000, Super Sumo
2019Megaways licence taken
18 September 2024EveryMatrix offer of SEK59 a share announced
19 September to 10 October 2024Acceptance period for shareholders
October 202495.2% acceptance reported, above the 90% condition

For the background to the format Fantasma licensed, see our history of Megaways and our guide to how Megaways slot machines work.

The EveryMatrix takeover of Fantasma Games

Before the sale, Fantasma was listed on Nasdaq First North Growth Market Sweden. In September 2024 EveryMatrix offered SEK59 in cash for each share, valuing the company at about SEK209.8m, or roughly £15.6m at the time. The price was 40% above the previous day’s closing price of SEK48.60. Shareholders owning 50.79% had agreed in advance to sell, and the offer needed at least 90% acceptance; by the end of the period on 10 October 2024, 95.2% had accepted.

EveryMatrix offer for Fantasma Games: key figures
ItemFigure
Offer per shareSEK59 in cash
Implied valueAbout SEK209.8m (about £15.6m)
Premium to previous close40% (close was SEK48.60)
Pre-agreed acceptances50.79% of shares
Minimum acceptance condition90%
Final acceptance reported95.2%

EveryMatrix said the deal would strengthen its games output alongside its SlotMatrix aggregation platform and its in-house Armadillo Studios. In practice that means Fantasma’s games now sit inside a group that also runs a distribution platform, a model explained in our page on what a slot aggregator is.

Does a takeover change how Fantasma slots pay?

No. A change of owner does not change the maths of games already released. Each game’s reel strips, paytable and RTP settings were fixed when it was certified, and any new version would need its own testing before release to UK casinos. What can change is distribution: which casinos carry the games, how quickly new titles reach lobbies, and which RTP versions are offered. The RTP variants page explains why the same game can appear with different settings.

The rules on testing are set by the Gambling Commission. Games offered in Great Britain must meet its technical standard on random outcome generation (opens in a new tab) and present their rules accurately under the standard on game descriptions and the likelihood of winning (opens in a new tab). For a plain-English summary, see how machines are tested.

Best-known Fantasma Games slots

Fantasma’s flagship series is Gold Pigger, and its first three titles were Samurai Ken, Spooky 5000 and Super Sumo. We have not independently confirmed RTP, volatility, layout or max win figures for any Fantasma game, so we do not print them here. Figures quoted on third-party sites may refer to a different version from the one your casino runs.

Fantasma Games titles named in our checked data
Game or seriesReleasedWhat we can confirmWhere to find the figures
Samurai Ken2017One of the studio’s first three releasesGame help screen
Spooky 50002017One of the studio’s first three releasesGame help screen
Super Sumo2017One of the studio’s first three releasesGame help screen
Gold Pigger seriesCheck the casino lobbyThe studio’s flagship seriesGame help screen

How to judge a Fantasma Games slot before you play

Because published figures for smaller studios are patchy, the most useful thing you can do is read the game’s own information. It takes a couple of minutes.

  1. Open the game and find the information or help menu.
  2. Note the RTP shown; this is the version the casino is running.
  3. Look for a volatility indicator or a description of how often features trigger.
  4. Read the paytable for the top symbol award and any stated maximum win.
  5. Check how the bonus is triggered, since the UK version will not offer a feature buy.
  6. Decide your stake and session budget, and keep within the UK stake limit.

What RTP and stake limits mean for Fantasma slots

Whatever figure the help screen shows, the arithmetic is the same. The house edge is 100% minus the RTP, and the long-run average cost is the total staked multiplied by the house edge. The table uses a 96% RTP purely as an illustration; substitute the real figure from the game. Over a single session, results vary widely around these averages, as our RTP explainer shows.

Illustration: long-run average cost at 96% RTP
Stake per spinSpinsTotal stakedAverage cost
20p100£2080p
£1100£100£4
£2 (18–24 limit)100£200£8
£5 (25+ limit)100£500£20

The two rows marked as limits reflect the UK caps: £5 for over-25s since 9 April 2025 and £2 for 18–24s since 21 May 2025, per the Commission’s stake limit guidance (opens in a new tab). A max win quoted as a multiple is worth that multiple of your stake, so a 5,000× top prize would be £25,000 at £5 or £10,000 at £2; such outcomes are rare. Our stake limit for 18 to 24-year-olds page covers how casinos apply the lower limit.

UK rules on Fantasma Games slots

Every Fantasma game at a UK-licensed casino runs under the online slot design rules in force since 31 October 2021: no autoplay, at least 2.5 seconds per spin, no turbo or slam-stop, no win celebrations when the return is equal to or below the stake, and a constant display of your balance and net position. Slots at UK-licensed casinos are not supplied with a bonus buy (see bonus buy in the UK), and free demo play is available only after age verification. The slot game design rules page explains the reasons behind each rule.

Are Fantasma Games slots worth playing?

Advantages

  • Independent-minded studio with its own flagship series.
  • Megaways licence since 2019 adds games on a familiar format.
  • Now part of a larger group with wide distribution.
  • UK versions follow the same design and stake rules as every other slot.

Drawbacks

  • Few published figures we can confirm; you must rely on the help screen.
  • Smaller catalogue than the biggest studios.
  • Availability varies more between casinos.
  • As with any slot, the house edge means losses are likely over time.

Fantasma suits players who enjoy trying smaller studios and are happy to read the rules first. If you prefer games with widely published figures, our guide to choosing a slot machine suggests where to start.

Where to play Fantasma Games slots in the UK

Fantasma games are not in every UK casino lobby, and listings change, so search the lobby for the title first; we do not claim any partner below carries them. New players aged 18+ at Coral receive 100 free spins after depositing and betting £10 on slots; the spins are 10p each on selected games, must be accepted within 48 hours, expire after 7 days and have no wagering on winnings. New customers aged 18+ at Ladbrokes who deposit and spend £10 on slots get 50 free spins a day for 10 days, up to 500, at 10p each on selected games and without wagering. Coral and Ladbrokes are run by the same company, so check whether you can open both.

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Frequently asked questions

Who owns Fantasma Games?

Fantasma Games has been owned by EveryMatrix since 2024. EveryMatrix offered SEK59 in cash per share in September 2024, valuing the Stockholm studio at about SEK209.8m, and 95.2% of shareholders accepted by the close of the offer on 10 October 2024. Before that, Fantasma was listed on Nasdaq First North Growth Market Sweden. EveryMatrix also runs the SlotMatrix distribution platform; our glossary entry on the aggregator explains what such platforms do.

What is Gold Pigger?

Gold Pigger is Fantasma Games’ flagship slot series. We have not independently confirmed the RTP, volatility, layout or max win of the Gold Pigger games, so check the help screen at your casino for the version you are playing. Series games often share symbols and features while changing the maths between instalments, so one title’s figures should not be assumed for another. Our slot sequels guide explains how follow-ups usually differ.

When was Fantasma Games founded?

Fantasma Games was founded in Stockholm, Sweden, in 2016, and its founder Fredrik Johansson was chief executive at the time of the 2024 sale. Its first three slots, Samurai Ken, Spooky 5000 and Super Sumo, were released in 2017. The studio took a Megaways licence in 2019 and was bought by EveryMatrix in 2024. For how small studios usually reach casinos, read our explainer on how new slots are released.

Does Fantasma Games make Megaways slots?

Fantasma Games took a licence to use the Megaways mechanic in 2019, which allows it to build games on Big Time Gaming’s random-reel-height format. On a Megaways slot each reel shows a different number of symbols on every spin, so the ways to win change from spin to spin. Check a specific game’s help screen to confirm whether it uses Megaways. Our guide to Megaways slot machines explains the maths.

What is the RTP of Fantasma Games slots?

No Fantasma RTP has passed our two-source check, so we leave the number to the game itself. The version your casino runs is the one shown in its help screen, and that is the figure to use. Whatever it is, the long-run average cost equals your total stake multiplied by 100% minus the RTP: at 96%, 100 spins at £1 average £4. See what is a good RTP for a slot for context.

Did the EveryMatrix takeover change Fantasma’s games?

A change of owner does not alter the maths of games that are already certified. Their reel strips, paytables and RTP settings stay as tested, and any new version would need fresh testing before UK release. What can change is distribution, such as which casinos carry the games and how quickly new titles arrive. Read about RNG certification to see how games are checked before players see them.

Can I play Fantasma Games slots for free in the UK?

Often yes, provided you first prove you are an adult: UK-licensed casinos have had to age-verify players before any free demo play since May 2019. Demo play uses the same maths as the real game, which makes it a sensible way to see how a Fantasma feature works before staking money. It does not predict what will happen in a real session. Our demo slots guide explains the details.

What is the maximum stake on Fantasma Games slots in the UK?

Fantasma games carry the same caps as any online slot in Britain: £5 per spin from age 25, and £2 per spin for 18 to 24-year-olds. The limits took effect on 9 April 2025 and 21 May 2025 respectively. Any side bet or extra stake option counts towards the total. Lower stakes reduce both the average cost and the size of any prize in proportion. Our page on online slot stake limits explains how casinos apply them.

Are Fantasma Games slots safe to play?

In regulatory terms, yes: a Fantasma game reaching a UK-licensed casino has been tested, its outcomes are random, and its rules must be described accurately. Safe in that sense does not mean low-cost: every slot keeps a house edge, so losses are likely over time. Play only at Commission-licensed casinos, set deposit limits, and use support such as GamCare if play stops being fun. Our guide to slot machine safety tools lists the options.

Sources

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