Relax Gaming
Malta studio founded 2010, acquired by Kindred Group in 2021. Extreme-volatility specialist behind the Money Train series (MT4 max win 150,000x) and the Dead series. Also operates the Silver Bullet program licensing its distribution to studios like Print Studios, Peter & Sons and Fantasma.
Key features
- ▸Money Train series — MT4 max win 150,000x
- ▸100+ own slots plus Silver Bullet partner catalog
- ▸Silver Bullet distribution program (Print Studios, Peter & Sons, Fantasma)
- ▸MGA + UKGC licensed
- ▸Kindred Group owned (since 2021)
- ▸Extreme volatility catalog with flat-RTP Feature Buys
Our review
Relax Gaming was founded in 2010 but spent nearly a decade as a modest operator-facing platform before Money Train (2019) redefined its trajectory. The original Money Train combined persistent bonus symbols, growing wilds and an aggressive multiplier structure into an Extreme-volatility package that hadn't been done at that scale — the 20,000x max win seemed extreme at release. Money Train 2 (2020) doubled the ceiling to 50,000x; Money Train 3 (2022) pushed to 100,000x; Money Train 4 (2024) topped out at 150,000x. Each release iterated the core mechanic without breaking the identity — a rare achievement in a category dominated by copycats.
The catalog beyond Money Train is deeper than casual players realise. The Dead series (Dead Man's Trail, Dead Canary) applies similar volatility principles to different themes; Iron Bank pushes the vault-heist framing further; Temple Tumble and Snake Arena occupy the studio's more accessible tier. Kindred Group acquired Relax in 2021, giving the studio meaningful operator-side distribution and a stability that many boutique studios lack.
The Silver Bullet distribution program is Relax's second business — a licensing and distribution platform that ships boutique studios (Print Studios, Peter & Sons, Fantasma Games) under the Relax umbrella. Hacksaw Gaming was originally distributed through Silver Bullet before splitting off to run its own distribution. The program is one of the reasons Print Studios and Fantasma Games are commercially viable at all — solo integration into operator platforms is prohibitively expensive for studios this size.
Strengths
- +Money Train is arguably the most-loved Extreme-volatility series in the market
- +Silver Bullet program creates access to boutique studios operators otherwise miss
- +Flat RTP on Feature Buys
- +Strong pipeline — Money Train 4 confirmed a series players stay with
Weaknesses
- −Core studio releases outside the Money Train / Dead series get less attention
- −Extreme volatility means base-game sessions can feel punishing
- −Less established outside the enthusiast segment