Gold of Mermaid

Gold of Mermaid Slot Review — Amigo Gaming

Gold of Mermaid is a 5×3 video slot from Amigo Gaming, released on 28 May 2023 (amigogaming.com & clashofslots.com, May 2023). The game runs on 25 fixed paylines and pairs a mermaid-and-shipwreck theme with a Hold and Win bonus round, which is where most of the payout structure sits rather than in the base game.

Core Gameplay Experience

Built on an HTML5, mobile-first platform, the 5×3 reel layout with 25 paylines keeps the base game compact, and spins resolve quickly without the extended reel sets seen in Megaways-style titles. Betting runs from 0.25 to 100.00 per spin, which gives a wide practical range for adjusting stake to bankroll.

Visually, the slot sits inside the underwater and mermaid theme: deep blue backdrops, pearls, treasure chests, an octopus and a turtle populate the reels alongside the mermaid symbol itself, and the overall presentation leans on the classic sunken-treasure fantasy setting rather than a modern reskin. Readers who prefer this aesthetic can browse the wider Fantasy & Magic themed slots catalogue for comparable settings.

Because the base game pays modestly between bonus triggers, the practical rhythm of Gold of Mermaid is defined less by frequent small wins and more by the wait for the Hold and Win trigger, which is the section where the game’s real variance lives.

Features and Mechanics

Gold of Mermaid combines wilds, stacked wilds, scatter symbols and a dedicated bonus game built around Hold and Win mechanics, alongside a reel set change that activates once the bonus round is entered. Stacked wilds increase the odds of forming multiple paylines on a single spin, while the bonus symbols are the trigger for the game’s main feature: landing enough of them on the grid switches the reel set into a locked coin-style board, a mechanic the provider documents as a “PIN WIN” bonus that opens once six bonus symbols land, according to Amigo Gaming’s own game description. Once triggered, respins continue as long as new bonus symbols keep appearing on the locked board, and the round pays out based on the values collected across the closed reel set rather than through standard paylines. Free spins and the wild symbol operate as supporting mechanics around this core bonus rather than as a separate primary feature. The listing also includes a bonus game mechanic tied into this structure, so most of the slot’s volatility is concentrated in that single feature rather than spread evenly through the base game.

RTP, Volatility and Payout Model

Gold of Mermaid runs on a 96% RTP (amigogaming.com, May 2023) with a high volatility rating, which means the game is built to swing between long stretches of small returns and occasional larger payouts concentrated in the Hold and Win round. A 96% RTP places this title in the 45th percentile of the 4,445 slots in our catalog with a published RTP, where the catalog median also sits at 96% (bottom quartile ≤95.21%, top quartile ≥96.32%) — so it sits close to the middle of the pack rather than standing out in either direction. High volatility itself is a common profile choice, shared by 62% (2,959 of 4,737) of the slots tracked in our catalog. The x1200 max win (amigogaming.com, May 2023) sits in the 33rd percentile of the 3,436 slots in our catalog with a published max win figure, against a catalog median of x2,500, meaning the payout ceiling here is on the lower side relative to other high-volatility titles rather than a rare outlier.

Similar Amigo Gaming Slots — Comparison

Across Amigo Gaming’s high-volatility catalog, RTP clusters tightly around 96%, so the real differentiator between these titles is paylines and max win rather than the return figure itself; Regal Fruits 1000 offers a considerably higher ceiling at x3000 for players chasing bigger single hits, while Gold of Mermaid’s tighter payline count keeps the base game simpler. Within the broader group of high-volatility slots offering between 11 and 50 paylines, Gold of Mermaid ranks 25th of 25 titles by RTP in our catalog, placing it at the lower end of that specific comparison set rather than mid-table.

Similar Hold and Win Slots from Other Studios

Among these Hold and Win titles from other studios, 4 Deals With The Devil carries the highest RTP of this group at 96.5%, while the three Booming Games titles sit slightly below Gold of Mermaid’s 96%. Players comparing Hold and Win mechanics across studios can use RTP here as the main differentiator, since all four titles share the same high-volatility profile.

How to Play Gold of Mermaid Online

Demo mode is the practical way to learn the pacing of the Hold and Win round before wagering real money, since the trigger frequency and respin behaviour are hard to judge from a paytable alone. Amigo Gaming titles run at 61 casinos in our catalog as of 2026, including Fortune Play, ViciBet and Spinjo, though listing there does not amount to a recommendation for this specific slot. Before playing for real stakes, note that Amigo Gaming holds GLI RNG and ISO/IEC 27001:2022 certifications, and check licensing and stake limits directly with the operator, and use the broader slots demo catalogue or the dedicated Slots category to compare Gold of Mermaid against other high-volatility titles first.

Verdict on Gold of Mermaid

“Gold of Mermaid is a straightforward Hold and Win slot that trades frequent small wins for one concentrated bonus round, and it plays best for high-volatility players who accept a moderate x1200 ceiling.” — Search-Casino Editorial Team

Overall, Gold of Mermaid delivers a familiar Hold and Win structure with a 96% RTP that sits at the catalog median and a max win that ranks below average for its volatility class. It is a reasonable pick for players who specifically enjoy the locked-reel bonus format and are comfortable with the variance that comes with it, but not the title to choose if a higher payout ceiling or steadier base-game returns matter more.