Tag Archives: Rhode Island

Lawyers for the Rhode Island Economic Development Corporation are suing the architects of the $75 million taxpayer-guaranteed loan granted to bankrupt Kingdoms of Amalur dev 38 Studios in 2010.

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A judge awarded all assets belonging to the now-defunct 38 Studios to the State of Rhode Island and the Bank of New York Mellon Trust Company.

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A Big Huge Games employee, speaking under anonymity with Gamasutra, has said Rhode Island governor Lincoln Chafee is partly to blame for the demise of 38 Studios and Big Huge Games. The source claims the governor, who was opposed to the deal cut with the firms by former governor Donald Carcieri, leaked incomplete information pertaining to the studios and frightened RI residents when saying they would be on the hook should 38 Studios fail.

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Curt Schilling has told The Providence Journal he could end up losing $50 million of his own money due to his studio’s failure, furthermore claiming comments Rhode Island governor Lincoln Chafee made regarding the firm were “devastating,” and “scared off private investors.”

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Author RA Salvatore has responded to the situation facing 38 Studios and Big Huge Games, and while didn’t share insight into whether the firms where shutting down, he offered instead some perspective on where things went wrong with the move to Rhode Island.

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Rhode Island governor Lincoln Chafee said during a press conference today the $1.25 million check 38 Studios handed the Economic Development Corporation has cleared the bank.

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