Formula Spin
Formula Spin — provider review
Games weighing around 5 MB that launch in seconds on any phone: that is the main focus of Formula Spin, a studio from Tallinn. The company has been operating since 2024 and is led by CEO Oleg Galushko.
The catalogue is built mainly around classic slots and games with a Hold to Win bonus, and in 2026 the studio also released its first crash game. Formula Spin games are available through aggregators including SOFTSWISS, EveryMatrix and Slotegrator.
💡 Formula Spin by the numbers
- 2024 — year founded
- More than 40 games
- 13 games with a Hold to Win bonus
- Around 5 MB to launch a game
All figures except the year are provided by the company.
History
In two years, the studio has joined more than a dozen aggregators and moved beyond slots. This is our observation, not a statement from the company.
| Date | Event |
|---|---|
| April 2024 | The company is founded in Tallinn |
| June 2024 | Certification of the random number generator |
| November 2024 | Partnership with aggregator Slotegrator |
| April–June 2025 | The studio's games become available through EveryMatrix and SOFTSWISS |
| March 2026 | Release of the first crash game, X-Monkey |
| 2026 | A new game almost every month, from Sky of Olympus to Fortunizer |
Hold to Win games
The studio's main series is games with a Hold to Win bonus. In this bonus, special prize symbols lock in place on the reels while the other positions respin, and each new prize symbol usually extends the bonus. At the end, the prizes from all the symbols are added up.
The studio's website lists 13 such games, including Home of Gold 2: Hold to Win, Hyper Coin Hold to Win, Lion Crown: Hold to Win, Crystal Coins: Hold to Win, Coin Era 2: Hold to Win and Cool Dragon: Hold to Win.
Classic slots and X-Monkey
The second large group is classic slots with fruit and “hot” themes: the Prime Fruits series (from 5 Prime Fruits to 100 Prime Fruits), Sizzling Chilli, Sizzling Love, Full Hot and Fortune 27. The catalogue also includes Book of Maat, Sky of Olympus, Volcanizer, Piggy Fruits and Fortunizer.
In 2026, the studio moved beyond slots. In X-Monkey, a monkey swings from vine to vine, the multiplier rises, and the player decides when to cash out. According to the studio, the game has four difficulty modes — Lite, Standard, Pro and Extreme — an RTP of 95.8% or 93.8%, and a max win of up to 15,000x depending on the mode.
Bonuses and reliability
Formula Spin games include the studio's own promo tool, SCRATCH WIN™: the player completes a challenge, picks and reveals a card, and gets a bonus. Casinos can also give out free rounds and run tournaments and in-game challenges, and for holidays the studio makes themed versions of its games, such as Santa Coin Reel and Halloween 27.
According to partners, the studio's random number generator has been tested by iTech Labs, and the company operates under a Curaçao licence. However, the licence number is not disclosed.
Who Formula Spin suits
Why players love it
- Lightweight games of around 5 MB that load quickly on a phone
- Fruit classics in several versions, from 5 Prime Fruits to 100 Prime Fruits
- The crash game X-Monkey with wins of up to 15,000x
- In-game bonuses: SCRATCH WIN™, challenges and tournaments
What to keep in mind
- The licence number is not disclosed
- RTP is not published for most games
⚡ Verdict
Formula Spin will suit fans of classic slots and Hold to Win bonuses. Start with Home of Gold 2: Hold to Win, choose X-Monkey for quick rounds, and fruit fans will enjoy 100 Prime Fruits.
Where to play Formula Spin games
You can explore the provider's games and choose a casino to play at in the slots and casinos sections on GamblingShot.
FAQ
1
When was Formula Spin founded?
The company was founded in 2024 in Tallinn.
2
Does Formula Spin have a licence?
According to partners, the studio operates under a Curaçao licence, but the licence number is not disclosed.
3
How many games does Formula Spin have?
According to the company, more than 40 games.
4
What are Hold to Win games?
They are slots with a bonus in which prize symbols lock in place on the reels while the other positions respin. See the section above for details.
5
What is SCRATCH WIN™?
It is the studio's own promo tool with challenges and bonuses. See the section above for details.
Where to play Formula Spin slots
Casinos from our catalogue that carry this provider’s games. Always check terms and bonuses on the casino page.
