If you're trying to work out whether Phoenix is worth your time, this hands-on review breaks it down. This is a GMW title, sitting firmly in the a medium high-variance maths model bracket and paying back an RTP of 95.27%. Visually it's built around a phoenix theme, with the action running on 20 paylines across 5 reels. Dating back to 2018, it remains a regular pick. Top wins are capped at 5,000x your stake, a healthy ceiling worth chasing. So does it deliver? Let's get into it.
Written by Emma Roberts · Last updated: March 2026
At its core, Phoenix is a release produced by GMW. Presentation-wise it's wrapped in a phoenix theme, and it leans toward medium high variance at an RTP of 95.27%. Under the hood you'll find 5 reels and 20 paylines.
Where Phoenix earns its keep is the feature set. Look out for scatter symbols that unlock free spins and extra bonus rounds. Its medium high variance balances steady wins with the odd larger payout. Overall it's a well-rounded release that knows what it is.
At 95.27%, the RTP is slightly below the industry average of ~96%. While this is typical for many popular slots, players should be aware of the slightly lower theoretical return.
Medium-high volatility means wins come less frequently but tend to be larger when they hit. Players should be prepared for dry spells between bigger wins, requiring a moderate bankroll.
About 1 in 3 spins results in a win. This is a moderate hit frequency that balances win frequency with payout size.
Phoenix features scatter symbols that can trigger free spins rounds. Landing the required number of scatter symbols anywhere on the reels activates the free spins feature, giving you extra chances to win without additional bets. During free spins, special modifiers may apply to boost your winning potential.
3.0 / 5 — Good
Phoenix by GMW is a solid offering that delivers good entertainment value. The 95.27% RTP combined with medium high volatility creates a well-balanced gaming experience.