Fazi Company: regulation country by country and demos from the Serbian maker

Key facts about Fazi Company and its online casinos

• CASINO button: just below the title, it only lists the online casinos that are legal in the country you connect from and that offer Fazi games.
• Where online casinos are banned or held by a state monopoly, that list stays empty.
• Founded in 1991 according to the B2B platform SOFTSWISS, Fazi Company trades as FAZI DOO from Belgrade and keeps a second site in Niš.
• Its press releases from 2023 to 2026 announce licensed operators in ten countries, including Belgium, Switzerland, Romania and Brazil.
• Only authorisation found in a public register: the Class II ONJN licence held by its Romanian subsidiary, valid since 1 August 2020.
• No Fazi entity appears in the MGA register, even though a 2022 press release credited it with a Maltese licence.
• Its showcase lists 116 online game pages as of 3 November 2026, a long way from the more than 600 games claimed on its homepage.
• Of these 116 titles, 83 date from 2025 or 2026.
• RTP: from 94.50% to 97.30%, with an average of 96.36% and a median of 96.50%.
• Its portfolio rests on classic fruit machines that Fazi spins off into its Crown, Clover and Hot series.
• Ranked by Fazi among its most played games, Golden Crown runs on a 5x3 grid with 10 fixed lines and tops out at 1,538 times the stake.
• Its demos start without an account or a deposit and run on virtual credits, smartphones included.

Fazi: from Serbian cabinets to licensed operators

Founded in 1991, Serbian manufacturer Fazi Company now places its online slots with licensed operators from Romania to Brazil. To find out where you can play them legally, check the CASINO button just below the title of this page first. It sorts things out country by country for you.

Before its first online games, Fazi was already building electronics and equipment. That industrial culture still shows in its slots, which are plain and built to last like its cabinets.

A page about a studio also has to say what its games are worth once the reels start turning. Behind the GAMES button, you will find playable demos with virtual credits that I add to week after week. Further down, thirteen detailed reviews help you choose where to start.

Which Fazi online casinos does the CASINO button show?

On Kynox Casino, the CASINO button applies two successive filters based on your IP address. It first removes any casino that is illegal in your country, then any casino that offers no Fazi game. An empty list is therefore not a bug. It means that no operator gets through both filters where you are connecting from. Month after month, the list grows as I approve new casinos.

I judge every casino from the outside, without opening an account or making a deposit. I start by checking that its licence is valid. Then I hunt for abusive clauses in its bonus terms, fake games in its catalogue and fabricated player reviews. Kynox is paid only through revenue share by its partner operators, meaning a commission on the net revenue that the players it sends generate for them.

A VPN changes the list on your screen, not the law of the country you are in. Use a Belgian IP address from a country that bans online casinos and this page will show you the Belgian list. Yet the offer does not become legal where you actually are.

Country by country: what the CASINO button can show

This table sums up the situation on 3 November 2026 in Belgium, Switzerland and Quebec, along with what Fazi has announced in each.

Elsewhere, Fazi's announcements target licensed operators in Romania, Serbia, Austria, the Netherlands, Portugal, Bulgaria, Brazil and Colombia.

Where online casinos are banned: why the list stays empty

Some countries ban online casinos outright, while others reserve them for a state monopoly. In those markets, a foreign licence changes nothing for the player. A site licensed in Malta or Curaçao is still operating without authorisation there, and the CASINO button applies that rule before showing anything.

A site that offers you Golden Crown for real money in such a country is selling you something the local law forbids. When I catch one with fake games or abusive terms, it goes into my list of casinos to avoid and never comes out. I would rather show an empty list than a misleading one.

Belgium and Switzerland: the licences to check

In Belgium, a legal online casino holds an A+ licence linked to a land-based casino. For online gaming arcades, it is the B+ licence. According to a Fazi press release dated 26 March 2026, a major Romanian operator distributes its games in Belgium, Romania, Serbia and Brazil. On its homepage, Fazi also shows the logo of a Liège-based online gaming group among its partners, which is not the same as a licence. For a Belgian player, only the licence of the site itself counts.

For suppliers of games of chance, Belgium issues a Class E licence. As of 30 October 2026, none of its 163 holders is called Fazi.

In Switzerland, only casinos holding a federal concession may run online casino games, under the supervision of the Federal Gaming Board. In June 2024, Fazi celebrated the first year of its partnership with the online platform of a casino in Valais. A Swiss connection will therefore only show operators that are legal in Switzerland and carry Fazi games.

Four checks before you deposit

Before you trust a casino that offers Fazi with your money, I recommend these four checks.

• Licence: note the number shown in the footer, then look it up in the register of your country's regulator.
• Bonus terms: read the wagering requirement, the withdrawal cap and the validity period before accepting the offer.
• Withdrawals: find out the processing times and the documents required before your first deposit rather than after a win.
• Limits: set your deposit and loss limits as soon as you sign up, while your head is still cool.

Fazi Company: the Niš manufacturer behind the reels

Behind the Fazi Company brand stands FAZI DOO, a company registered in Belgrade under number 20054751. It keeps a second site in Niš, the country's third-largest city. On its page dedicated to Fazi, the B2B platform SOFTSWISS describes it as an electronics and equipment manufacturer founded in 1991. Its online division goes by the name of Fazi Interactive.

In gaming halls, Fazi fields two multi-terminal roulettes called Titan Plus and Optimum Plus. Their MEGA PAY feature offers alternative payouts on a straight-up number. Its King Master multigame cabinet combines Fazi's most popular online games and Novomatic classics on two 27-inch screens, with an optional mystery jackpot. Venue and screen thus come out of the same workshops.

Moving from cabinet to screen is a common journey in the Balkans. From Sofia, a fellow Balkan cabinet maker has travelled the same road. Closer to home, the comparison with its young Belgrade neighbour says more, since that studio made its name with a crash game. Fazi itself sticks to the fruit, bells and red 7s of its cabinets.

Provider ID card

On its homepage, Fazi claims a presence in more than 60 markets, more than 2,500 operator clients and more than 18 certificates and licences worldwide. None of these figures is broken down, either through a list of operators or through licence numbers.

Timeline: from 1991 to the late 2026 releases

From 1991 to December 2026, these dates trace Fazi's journey from electronics to regulated online casinos.

Which licences does Fazi really hold?

Among the public registers I checked on 3 November 2026, only one confirms an authorisation for Fazi: the Romanian Class II licence granted by the ONJN to its subsidiary Fazi Interactive RO SRL. It has covered the distribution of gambling software since 1 August 2020. This table separates what can be verified from what is merely declared.

The sharpest gap concerns Malta. In October 2022, a press release about a deal with the Gamingtec platform credited Fazi with 125 proprietary games, 17 languages and licences in 18 regulated markets including an MGA licence. Four years later, the Maltese register knows of no Fazi entity. A licence may have existed and then lapsed, but nothing today allows anyone to say so.

No certification lab is named on the official website, which does not publish any game certificate either. As for the ISO 9001:2015 and ISO 27001:2022 standards it displays, they cover quality and information security rather than the fairness of game outcomes. For a player, the decisive guarantee is the licence of the casino that hosts the game. That is the one the CASINO button takes into account.

Aggregators and direct deals: how Fazi games reach casinos

Since November 2023, Fazi has also distributed its games through aggregators that plug hundreds of studios into a casino with a single integration. That date matches its arrival on the Cypriot platform REEVO, which has relayed its titles ever since. In Latin America, the Gator solution of an aggregator focused on regulated Brazil has rounded out this network since April 2024. Fazi has also signed a string of direct deals, going as far as joining the only licensed online operator in Austria in February 2026.

116 pages for more than 600 games: where did the difference go?

On 3 November 2026, Fazi's official website presents 116 online game pages, covering 112 released titles and four releases announced up to 26 December. Yet its homepage talks of more than 600 games, a total that most likely adds up technical variants and cabinet content. I went through these 116 pages one by one on the provider's iGaming showcase, and the count paints the portrait of a studio that spins off more than it invents.

In five years, the pace has changed scale. Fazi released seven titles in 2021 and eight in 2022, against 33 in 2025 and already 50 in 2026 once announced releases are counted. Extreme Sticky Clover leads the way on 5 November, followed by Double Gift 5, Wu Kong 5 and Double Gift 10 on 26 December.

Three dominant families and an avalanche of variants

The Crown (18 titles), Clover (17) and Hot (23) families alone make up half of Fazi's 116 online games. On top of them come suffixes that signal a tweak rather than a new game: 21 Booster editions, 15 Extreme versions, five Dice versions, three Hold & Win and three Extralines, plus six seasonal reskins.

More telling still, 51 of the 116 pages show exactly the same published figures as at least one other page (RTP, grid, volatility, max win and number of lines). Golden Crown shares its 95.96% and its max win with five other titles, including its Booster, Halloween and Hold & Win versions. This series logic is common among studios that come from land-based gaming, as my directory of providers checked register by register shows as soon as you browse it by origin. At Fazi, more than four game pages in ten have an exact twin.

On the Booster editions, the Wild Booster option guarantees an expanding wild on the next spin. Extreme versions often raise the max win and sometimes the RTP. Golden Crown Extreme reaches 96.53% and 3,076 times the stake.

In the tradition of dice slots, the Dice versions take an existing game and turn its symbols into dice. Wild 27 Dice keeps the 96.24% RTP and the max win of Wild 27, which is 108 times the bet. They belong among the dice variants playable in demo mode that I gather on Kynox. A Sofia-based fruit machine rival also releases part of its titles in a Dice version. Seasonal reskins follow the same pattern, since Santa's Presents and Eggspanding Rush share a 96.50% RTP, high volatility and a max win of 4,614 times the stake.

RTP and volatility: cautious settings and very uneven ceilings

As published by Fazi, RTPs range from 94.50% for Double Gift 5 (due on 12 November) to 97.30% for On Demand Roulette. Across the 116 pages, the average stands at 96.36% and the median at 96.50%.

An RTP of 96.50% means the game pays back €96.50 on average for every €100 wagered, over millions of spins. Over an evening of a few hundred spins, the gap with that average can be huge in either direction. This caveat applies to all the slots from other studios in demo mode you will come across here, because a demo shows a game's rhythm and not its return. So I advise you not to judge a title on a single session, whether you win or lose.

With 54 titles, the medium volatility profile comes first, ahead of 36 high-volatility games and 26 low-volatility ones. Low volatility promises frequent but modest wins, high volatility rarer and bigger ones. Leaving roulette aside, max wins range from 100 times the stake for Wild 5 to 25,000 times for Fruity Force 40.

A few pages betray a rushed proofread. One RTP is displayed as "96.47&", a 5-line version announces 20 lines, two demo buttons launch a different game and two pages have no demo at all. Nothing serious for the player, but the care given to the showcase takes a hit.

Detailed reviews: thirteen Fazi games to play in demo mode

From Book of Spells in 2017 to On Demand Roulette in 2026, thirteen Fazi games are covered in detail here. Each one launches from the GAMES button in demo mode. A mobile version exists too. For a first taste, play Wild Hot 40 and then Fruity Force 40: in two sessions you will have seen both faces of Fazi.

Data taken from the official pages on 3 November 2026.

The Crown line: a crown cut in every metal

Of the 18 titles in the Crown family, ten carry the Golden Crown name, counting the original.

Golden Crown and Golden Crown Hold & Win

Since 1 March 2021, Golden Crown has served as the template for the whole line. Fruit, bells and 7s compete for ten fixed lines on a 5x3 grid. Your bet covers all of them on every spin, since their number cannot be adjusted.

Its strong point is the expanding wild, which covers its whole reel as soon as it lands and completes the lines running through it. With a €1 bet, the max win of 1,538 times the stake comes to €1,538, in line with its medium volatility.

On the official Golden Crown demo, two mystery jackpots called Diamond and Gold appear alongside the history of the last win. Since 14 April 2026, Golden Crown Hold & Win has pushed the concept further with locked symbols and three jackpots (Mini, Major and Grand). This version sits among the tiered jackpot slots you can play for free here. I would recommend it to anyone who finds the 2021 version too tame.

Bonus Epic Crown

Since 28 March 2024, Bonus Epic Crown has pushed the same 5x3 grid towards high variance, with a max win of 20,108 times the stake. That is thirteen times Golden Crown's ceiling. According to the page of its Dice version released on 31 March 2026, three or more Bonus symbols trigger a round loaded with expanding wilds and extra lines. Between two bonuses, long stretches of dull spins are part of the price to pay.

Crown of Secret

Crown of Secret marks the moment in April 2025 when Fazi finally tinkered with the geometry of its grid. Three Bonus symbols award a free spin with a guaranteed win. With five symbols, the MAXGRID feature merges the reels to drop giant symbols. Only reels 2, 3 and 4 can host the expanding wild, which concentrates the action in the centre of the screen. Of the whole line, it is the game I would launch first.

The Hot series: fruit that burns without surprises

With 23 titles, the Hot series is the largest of Fazi's three families.

Wild Hot 40

Among the three titles Fazi mentions most often in its press releases is Wild Hot 40, released on 2 November 2020. Its grid of five reels and four rows carries 40 fixed lines. Its low volatility produces frequent but rarely spectacular wins. Its max win stops at 1,000 times the stake. Three cousins (Fruity Win 40, Turbo Hot 40 and Wild Hot 40 Deluxe) show exactly the same figures.

Very Hot 5

Launched on 12 August 2021, Very Hot 5 takes the fruit machine back to basics with five fixed lines on a 5x3 grid. Two scatter symbols and expanding wilds complete a very bare picture. A scatter pays wherever it lands on the reels, without needing a line. Each spin relies on few combinations, hence medium volatility despite the tame look. Three spin-offs derive from it, from the Booster version to the Christmas edition. Winning Clover 5 even copies all its figures.

Four games that shake up Fazi's habits

Four titles released in 2025 and 2026 depart from the fixed lines and expanding wild pairing that makes up Fazi's usual fare.

Fruity Force 40

Since 27 March 2025, Fruity Force 40 has held the highest max win in the catalogue, at 25,000 times the stake. Its Level Pay mechanic moves the player up five levels according to the number of spins played. As you progress, the wild multiplier climbs from x1 to x25. At the top level, a wild that completes a line paying €2 turns it into a €50 win. This system rewards long sessions, one more reason to settle on an entertainment budget fixed in advance before switching to real money. The demo lets you test this progression without any risk.

Special Fruits

In Special Fruits, released on 23 January 2025, the number of active lines is drawn at random on every spin thanks to the MysticPay mechanic. The draw picks 5, 10, 15, 20, 30 or 40 lines. From one game to the next, the number of possible combinations therefore changes. Its low volatility makes it a comfortable entry point for beginners.

Macaco da Fortuna

Dated 11 December 2025, Macaco da Fortuna opens a family devoted to a lucky monkey. On a small 3x3 grid with five lines, the Fortune Monkey chooses between three special spins (random wilds, a multiplier of up to x50 or a symbol whose every appearance pushes the multiplier up). Fazi presented it at ICE Barcelona in January 2026 before launching it as an exclusive with an operator in Brazil in March. Fortune of Wu Kong has used the same template since 18 June 2026, with a multiplier capped at x20. Wu Kong 5 will follow on 19 November 2026.

XSpins

XSpins is not a slot, and Fazi has said so since its release on 2 June 2026. At each step of a wheel of increasing wins, you choose to cash out, pass or risk your win to try to double it. If that doubling follows fair odds, it does not make the game more generous in the long run and only makes each round more volatile. Its page announces 10 paylines, one more inconsistency for a game without reels.

Themed reels and big multipliers

Three high-volatility titles leave the fruit universe for more narrative themes, with max wins from 5,512 to 24,000 times the bet.

Book of Spells

Book of Spells carries the oldest date in Fazi's online showcase, 1 January 2017. It follows the formula popularised by Book of Ra, where three books award 12 free spins with a special symbol that expands across its whole reel. It belongs with free spins video slots more than with fruit machines, and its volatility is high. A budget that is too tight runs out fast during dry spells.

Age of Rome

Three Bonus symbols are enough for Age of Rome, released on 22 April 2025, to trigger 10 free spins with sticky wins. These wins stay frozen on screen during the following spins. New series of 10 spins can be added during the bonus, and the wilds carry multipliers, for a max win of 14,000 times the bet.

Niš was called Naissus under the Roman Empire, and Emperor Constantine was born there in the 3rd century. I have no idea whether Fazi's designers had this in mind, but this game pays an unintended tribute to one of the maker's two cities.

Taxi Rush

Since 27 November 2025, Taxi Rush has taken the player around a city at night, on a 5x4 grid with 20 fixed lines. Three Taxi symbols open the bonus game, where a dispatcher can call a passenger carrying an instant multiplier of up to x25. Along the way, the taxi also drops multiplier wilds for a max win of 24,000 times the stake. With a €0.20 bet, that comes to €4,800. You still have to accept a high volatility that will make you wait for the bonus.

Beyond the reels: Fazi's dealer-free roulette

With an RTP of 97.30%, On Demand Roulette has offered the return rate of single-zero European roulette since 11 August 2026. It brings Fazi's know-how online as a solo game, comparable to the electronic roulette tables without a dealer you can try for free. The house keeps 2.70% of stakes over the long run. A straight-up number pays 35 to 1 on top of the stake, hence a max win of 36 times the bet.

My verdict: a fruit-machine craftsman more than an inventor

Fazi is a solid provider for anyone who likes readable fruit machines, but too discreet about its licences to deserve blind trust. Its real finds come down to a handful of titles, from Crown of Secret to Fruity Force 40.

This catalogue suits above all the player who wants to understand every win, with ten fixed lines, a wild that expands and fruit that pays without detours. Anyone looking for mechanics full of twists will find more material at younger studios, in Belgrade itself.

I still hold this manufacturer in high regard. It comes from a world where a roulette must spin for years without a breakdown, and that standard shows in the restraint of its games. My reservation about transparency will only lift once licence numbers are published. In 2024, the Chamber of Commerce and Industry of Serbia gave it an award for excellence.

FAQs:

Is Fazi a reliable game provider?

Yes on the industrial side, with reservations about transparency. Fazi has existed since 1991 and displays the ISO 9001 and ISO 27001 standards, while its Romanian subsidiary holds an ONJN licence. On the other hand, its website publishes neither a licence number nor the name of a certification lab, which leaves you to check the licence of the casino itself.

Where is Fazi's head office?

FAZI DOO has its registered office in Belgrade, at 137B Braće Jerković Street in the Voždovac district. The company has a second site in Niš, in southern Serbia. Its subsidiary holding the Romanian licence is based in Moșnița Nouă, near Timișoara.

Can you play Fazi games for real money in every country?

No. Some countries ban online casinos and others reserve them for a state monopoly, whatever foreign licence a site displays. There, no site can legally offer Fazi slots for real money. The demo versions, played with virtual credits, remain open without an account.

Can you play Fazi for real money in Belgium or Switzerland?

Yes, provided the casino is authorised in the country and offers its games. In Belgium, it must hold an A+ or B+ licence issued by the Gaming Commission. In Switzerland, the legal offer goes through land-based casinos that have extended their concession online. The CASINO button takes your country of connection into account.

Which online casinos offer Fazi games?

It all depends on the country you connect from, and the CASINO button on this page only shows those that are legal there. Fazi has announced partnerships with licensed operators in ten countries, from Serbia to Colombia by way of Belgium and Switzerland. This list keeps growing with each press release.

What is the average RTP of Fazi slots?

The average reaches 96.36% across the whole online catalogue published by Fazi. It ranges from 94.50% for Double Gift 5 to 97.30% for On Demand Roulette, and only 18 titles fall below the 96% mark. This theoretical rate is measured over millions of spins, never over a single evening.

What is Fazi's best-known game?

Golden Crown, spun off into nine variants since its release in March 2021. Fazi presents it with Wild Hot 40 and Very Hot 5 as its top performers. This trio also features in its announcements for Brazil, where it has been presented as certified since April 2024.

Do Fazi games work on mobile?

Yes. Fazi presents its games as compatible with all devices. The official Golden Crown demo does load on a smartphone. You launch games from the phone's browser, with no app to install. Each casino then chooses its own integration, which determines how the game looks.

Are Fazi Interactive and Fazi Company the same company?

Essentially, yes. The name refers to the online business of Fazi Company, whose Serbian legal name is FAZI DOO. The Romanian subsidiary Fazi Interactive RO SRL, for its part, holds the ONJN licence. The games are the same, whatever name the casino uses.

Can you play Fazi games for free?

Yes, in demo mode. You play with virtual credits and without registering, from the GAMES button on this page. No winnings earned in demo mode can be withdrawn, and the pace you see says nothing about a game's long-term return.

Sources:

• Fazi Company: official website homepage
• iGaming catalogue and Fazi game pages
• Terms of use of the official website (FAZI DOO, registration number 20054751)
• Fazi Game Provider, SOFTSWISS
• Gamingtec strikes eye-catching content deal with Fazi, European Gaming, 21 October 2022
• FAZI obtains Greek market license, 2 October 2023
• Fazi Content Now Live on Salsa Gator Platform, 3 April 2024
• Lista licentiati Clasa a II-a (Class II licensees), ONJN
• Licensee Register, Malta Gaming Authority
• E licences as of 30 October 2026, Belgian Gaming Commission