Lucky Phoenix is an extremely volatile internet slot by Fat Panda, which is an in-house studio for Pragmatic Play. The game came out on June 9, 2025, and features the classic 3×3 layout with five fixed paylines, so it combines classic slot gameplay with some newer features.
Lucky Phoenix provides classic, straightforward play with the 3×3 reel set and uncomplicated mechanics. The high volatility of the game ensures that although there are fewer wins, they can be large when they do happen. The progressive multiplier during Free Spins provides excitement as well as the possibility of huge payouts.