Ethereal Gaming entered the market in 2023, though its subsidiary, Xin Gaming, has operational roots going back to 2014. The company maintains its headquarters across several European tech hubs, while Xin Gaming operates out of Manila in the Philippines. Co-founded by Iñaki Fernandez and Mathias Larsson, the software provider operates under a tri-brand structure: Ethereal Gaming for Western-style high-volatility slots and crash games, Sport Slots for sports-themed crossover titles, and Xin Gaming for localized Asian-market slots and digital table games.
Advantages
- Wide portfolio with over 90 legacy titles and regular new releases across 3D video slots, cluster-pays, and crash games
- Innovative features like the Multicore system that alters grid geometry during win sequences
- High compatibility with mobile devices, directly supported by their proprietary Game Development Kit
- Games licensed by MGA (via LuckyStreak), UKGC, and Coljuegos
- Proven track record in fairness, with RNG and mathematical models certified by Gaming Laboratories International (GLI)
Disadvantages
- Smaller presence in live dealer formats compared to competitors focusing exclusively on table games
- Some older titles from the Xin Gaming back-catalog may feel outdated in visual execution
- Variable RTP models mean the payout percentage can drop to 92% depending on the operator's settings
18+ | Terms & conditions apply. Mr Fortune Casino
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply. Wolfy Casino
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply.
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18+ | Terms & conditions apply. Thor Casino
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18+ | Terms & conditions apply. Casino Orca
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Game Portfolio by Ethereal Gaming
Ethereal Gaming categorizes its portfolio into several distinct groups. You will find modern video slots, grid-based cluster-pay games, and crash games. Under their Sport Slots brand, they provide sports-themed casino games. The Xin Gaming arm supplies digital table games like Baccarat and Roulette, alongside culturally tailored Asian slots.
If you want to understand how their math models function without spending real money, I have a page for free slots and demo games where you can play all games for free.
The most prominent title in their current lineup is Flux Rising. This game abandons traditional paylines for a 1024 Ways to Win system. When playing it, I observed the proprietary Multicore mechanic in action. During cascading win chains, the grid physically expands and changes shape. Because it is highly volatile, you can experience long stretches of dead spins before the grid expansion triggers any significant compounding payouts.
The provider typically engineers high-volatility math models. This sacrifices consistent base-game returns to fund the potential for occasional massive payouts.
Bonus Features in Ethereal Gaming Games
Ethereal Gaming uses a few recurring mechanics across its portfolio to trigger bonus rounds and extend play. You will encounter cascading reels, where winning symbols vanish to let new ones fall into place. They also utilize Hold & Win systems, requiring you to land specific cash symbols that lock into place and reset a respin counter.
Because of the high volatility, triggering a bonus round often takes time. The hit frequency for base game wins is lower than the industry average, which is a direct consequence of weighting the mathematical model heavily toward the bonus features.
Popular Bonus Games by Ethereal Gaming
- Dead Man's Depth: This pirate-themed cluster-pays slot relies on “Hero Powers.” During play, specific character avatars modify the grid by destroying non-winning symbols or upgrading values. Triggering a sustained cascade sequence activates compounding reel multipliers. In practice, the modifier triggers are erratic, making the bonus rounds unpredictable.
- Epic Catch Fishing: This medium-to-high volatility slot uses a standard 5×3 grid. The main feature is the Hold & Win mechanic. When you land cash symbols, they lock onto the board and grant three respins. The counter resets with each new symbol. Filling the board takes significant time, and low-value coin clusters are common during shorter bonus rounds.
- Football Crash: Operating without reels, this game forces you to watch an exponentially increasing multiplier tied to a football animation. The entire mechanic relies on player agency. You must hit the cash-out button before the multiplier collapses. The timing of the crash is entirely random, meaning the return is based exclusively on your risk tolerance in the moment.
RTP & Fairness
Ethereal Gaming employs variable RTP configurations across its modern titles. Operators can set a game to run at 96.00%, 94.00%, or 92.00%. The 96% setting is the optimal configuration for players, while the 92% floor setting is generally used in heavily taxed jurisdictions. You need to check the paytable within the game menu at your specific casino to verify which version is active. All math models and hit frequencies are audited by GLI.
Jackpot Mechanics
The provider runs progressive jackpot systems primarily through the Xin Gaming Jackpot Lobby. This localized lobby connects up to 100 progressive machines simultaneously. A game like Shanghai Bund integrates directly into this system. The lobby accommodates micro-stakes and high-rollers, streaming real-time jackpot inflation data. Players can view winning screens from other active users and communicate via an integrated chat function while chasing the jackpot pools.
Flux Rising
Game Information
| Game | Flux Rising |
|---|---|
| RTP | Variable RTP (96%, 94%, 92%) |
| Volatility | High |
| Reels / Rows / Paylines | 1024 Ways to Win (no traditional left-to-right rigid paylines) |
| Bonus Features | Cascading wins and the proprietary “Multicore” mechanic |
| Max Win | Up to 10,000x |
| Theme | Modern Video Slot |
| About the Game | During cascading win sequences, the Multicore system dynamically reshapes the grid's dimensions and geometry, logarithmically compounding the ways to win. |
I started my testing with Flux Rising, allocating a strict €50 budget. The session lasted 25 minutes.
Flux Rising operates on a 5-reel, 4-row grid with 1024 ways to win, abandoning standard paylines entirely. The core mechanic is called “Multicore,” which dynamically alters the grid's geometry during consecutive cascading wins. According to the provider, the game has high volatility and a variable RTP configuration (96%, 94%, or 92%).
I set my base stake at €1. The pacing felt extremely fast, but the hit frequency in the base game was low. I experienced frequent dry spells of eight to ten spins with zero return. The cascades triggered occasionally, but most ended after the first or second drop.
After 15 minutes, my balance had dropped to €18. To extend my playtime, I lowered my stake to €0.40. Shortly after, I hit a combination that activated the Multicore feature. The grid expanded rapidly as new symbols dropped in, but the compounding sequence collapsed abruptly before generating a large multiplier. The feature paid out 15x my stake. I finished the session with a partial loss, leaving with €23. The high volatility was highly apparent, with base game hits barely maintaining the balance.
Dead Man's Depth
Game Information
| Game | Dead Man's Depth |
|---|---|
| RTP | 92% |
| Volatility | High |
| Reels / Rows / Paylines | 6 Reels / 5 Rows / Cluster-Pays |
| Bonus Features | Free Spins, cascading/avalanche framework, compounding reel multipliers, and RPG-lite “Hero Powers” |
| Max Win | 10,000x |
| Theme | High-seas nautical/pirate adventure |
| About the Game | Developed by Arcane Pixel, this slot features RPG-lite gamification where specific character avatars can trigger modifiers that destroy non-winning symbols, add wilds, or upgrade symbol values. |
For my second test, I loaded Dead Man's Depth with an €80 budget. This session ran for 35 minutes.
This title uses a Cluster-Pays mechanic instead of reels. Wins happen when matching symbols form horizontal or vertical clusters, triggering avalanches that replace winning symbols. It also includes an RPG-lite system called “Hero Powers,” where character avatars apply modifiers to the grid.
I kept my bet at €0.50. This game felt mechanically different from Flux Rising, though it shares the high-volatility label. The avalanches triggered more frequently, creating a steadier pace. However, the compounding reel multipliers took a long time to build up.
At the 20-minute mark, my balance hovered around €65. I hit a sequence where a Hero Power activated, destroying a block of non-winning symbols. This saved what would have been a dead drop and allowed a new cluster of high-value pirate symbols to fall in. This chain reaction pushed my balance up significantly. I ended the session at €105. The volatility felt slightly more manageable than the first slot, largely because the Hero Powers occasionally interrupted losing streaks.
Epic Catch – Fishing
Game Information
| Game | Epic Catch – Fishing |
|---|---|
| RTP | 92% |
| Volatility | Medium-High |
| Reels / Rows / Paylines | 5 Reels / 3 Rows / 25 Paylines |
| Bonus Features | Wilds, Free Spins, Fishing Bonus, and Fishing Fortunes Bonus (anchored by a Hold & Win / Collection mechanic) |
| Max Win | 5,000x |
| Theme | Popular “fishing” genre, combining a relaxing aquatic aesthetic with tense bonus rounds. |
| About the Game | Developed by Fat Cat, this slot triggers a respin feature (usually starting at 3) that resets every time a new cash symbol lands, creating prolonged bonus sequences. |
I transferred a €60 budget to Epic Catch Fishing, playing for just under 30 minutes.
This game runs on a standard 5×3 grid with traditional paylines. The main draw is a Hold & Win collection mechanic. Landing specific coin symbols locks them in place and triggers three respins, which reset whenever a new coin lands.
I played at €0.60 per spin. The volatility here is medium-high, and the base game felt much flatter compared to Dead Man's Depth. I did not see any cascading action, so each spin resolved quickly. It took 22 minutes to trigger the Hold & Win feature.
Once the bonus activated, the board filled very slowly. I landed two sticky cash symbols, resetting the counter, but missed on the third cycle. Comparing it directly to Flux Rising, my overall satisfaction was higher. The collection mechanic felt more predictable and easier to track than the rapid grid-shifting of Flux Rising. However, the payouts were smaller. I ended the session down slightly, with a final balance of €45.
Is Ethereal Gaming legit?
My testing across multiple sessions showed consistent loading times and stable software performance. The game histories updated accurately after each session.
Ethereal Gaming holds recognition notices from the Malta Gaming Authority (MGA) via LuckyStreak’s B2B license. They also operate with compliance for the UK Gambling Commission and hold licensing in Colombia (Coljuegos) and Curacao.
Their random number generators and mathematical models hold certification from Gaming Laboratories International (GLI).
What this means for players:
- GLI certification verifies that the stated hit frequencies and complex cascading math models operate as advertised.
- The variable RTP configurations (96%, 94%, 92%) mean operators choose the payout percentage. You should check the game rules menu at your chosen casino site to verify which RTP version is active.
- MGA and UKGC compliance indicates strict requirements for fund protection and fair play.
These regulatory ties directly influence payment reliability, as tier-one operators partnering with Ethereal Gaming are bound by strict withdrawal and data security regulations.
Operator Partnerships
Ethereal Gaming distributes its portfolio heavily through aggregation networks. Their primary downstream partner is LuckyStreak via the LuckyConnect grid. They use a Universal Provider API to route their games to over 1,000 active casino sites globally.
Another major aggregation partner is REEVO. You can find Ethereal titles live on platforms like Fun88, Luckybet89, and Bullbet. In an upstream capacity, the company acts as an aggregator for other boutique studios, utilizing their Game Development Kit to host content from Arcane Pixel and T-Nexus Studio.
I'm Erik King, an online casino expert and the founder of Zamedia N.V. Over the years, I've created leading casino comparison sites such as Zamsino and BetterBonus, focusing heavily on detailed casino reviews, transparent bonus comparisons, and promoting responsible gambling. My goal is always to help players around the world find trusted casinos and the best bonuses.