Lawyer for the state says 38 Studios game is bringing in cash through online service

R.I. has made $700k off Kingdoms of Amalur

Kingdoms of Amalur has earned Rhode Island about $713,000, says a lawyer for the state.

The only game released by the bankrupt 38 Studios, the RPG is now owned by the state that fronted $75 million in loans meant to lure the company to move from neighboring Massachusetts.

Richard Land, the lawyer in charge of the defunct company’s assets, told the Providence Journal that the game has earned the money through an online game service.

This money is in addition to approximately $430,000 brought in through auctions of computers, office furniture, and the rest of the studio’s physical assets.

The figures were revealed while other lawyers battled in court to determine who is responsible for the 38 Studios catastrophe.

Legislators are facing their own crisis over the matter, with Republicans in the State Senate joining a growing faction that argues Rhode Island would be better off if it defaulted on the bonds sold to back 38 Studios.

Rhode Island Governor Lincoln Chafee has said he believes his office has an obligation to see the loans are repaid, but has launched a fact-finding investigation to determine the effect a default would have.

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