More Delays in 38 Studios Lobbying Hearings

July 30, 2014 - GamePolitics Staff

The Providence Journal reports that a hearing looking into 38 Studios' lobbying activities prior to securing the now-infamous $75 million loan from the state of Rhode Island, has been delayed to late-August.

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RI Judge Approves First Settlement in 38 Studios Lawsuit

July 24, 2014 - GamePolitics Staff

A Rhode Island judge has approved the first settlement in the lawsuit brought by the state’s economic development corp. against individuals and companies involved in brokering a $75 million bond to fund former Red Sox pitcher Curt Schilling's 38 Studios.

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RI Politician Backs Online Petition Pushing for Independent 38 Studios Investigation

July 23, 2014 - GamePolitics Staff

Rhode Island lieutenant governor candidate Dan McKee (D) has vowed to launch an online petition later this week calling for an independent counsel to review at "arm's length" the failed 38 Studios deal.

The current Cumberland, Rhode Island mayor says this particular effort is an attempt to pressure elected officials to do more to get answers. McKee has been highly critical of current elected officials over their handling of the 38 Studios deal and subsequent investigations into it.

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Hearing on 38 Studios Lobbying Activities Pushed to August

July 18, 2014 - GamePolitics Staff

A hearing related to the failed $75 million loan deal for former Red Sox pitcher Curt Schilling's video game company 38 Studios that was supposed to take place yesterday (July 17) has been rescheduled for early August. Some of the key players in the deal were asked to attend, including Curt Schilling, Michael Corso - who represented the company as its legal counsel - and Thomas Zaccagnino, one of the company’s board members.

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Judge Hears Arguments in 38 Studios Settlement Case

July 8, 2014 - GamePolitics Staff

Rhode Island Superior Court judge Michael A. Silverstein listened to arguments today on a proposed settlement by two of the defendants in the state’s lawsuit against 14 individuals involved in the failed 38 Studios loan deal. The judge did not issue a ruling on the matter.

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RI Lieutenant Gov. Candidate Asks Secretary of State to Step Away from 38 Studios Investigation

July 2, 2014 - GamePolitics Staff

Cumberland, Rhode Island Mayor Dan McKee showed a flair for the dramatic this week when he brought a letter to the race for lieutenant governor, according to the Providence Journal. Mollis showed up at the State House to personally hand-deliver a letter to his democratic primary opponent, current Secretary of State A. Ralph Mollis.

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First Defendant in 38 Studios Lawsuit Settles for $4.4 Million

June 30, 2014 - GamePolitics Staff

The state of Rhode Island has settled with one of the law firms it sued as part of the lawsuit against 38 Studios and other principles for a failed $75 million loan deal. The law firm, Moses Afonso Ryan, has admitted no wrong-doing, but has agreed to pay $4.4 million to the state because it wants to put the matter behind them. The settlement agreement was filed with Superior Court Judge Michael Silverstein on Friday. A hearing on the matter will take place July 7.

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RI AG Candidate Calls On Current AG To Recuse Himself From 38 Studios Investigation

June 24, 2014 - GamePolitics Staff

You can probably chalk this up to "positioning in a political year against a tough opponent," but Republican attorney general candidate Dawson Hodgson says it is time for the incumbent Rhode Island Attorney General Peter Kilmartin to admit that he may be a "potential witness" in the state police’s 38 Studios investigation that he needs to "stand aside" because "the appearance of a conflict of interest … is just too strong."

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Despite a Contentious Debate, Rhode Island House Passes 2014-2015 Budget

June 13, 2014 - GamePolitics Staff

The Rhode Island House passed the $8.7-billion budget early Friday morning after a lengthy and contentious floor debate. The majority of arguments were about allocating a little over $12 million to make a payment on the bonds that funded the $75 million loan to now bankrupt developer 38 Studios. Despite the lengthy debate that kept lawmakers in the chamber after midnight, the budget passed by a vote of 63-12. The budget bill will now go to the Senate for what is expected to be quick approval.

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Rhode Island Expected to Vote on Budget Today

June 12, 2014 - GamePolitics Staff

The Rhode Island House is close to voting on an $8.7 billion budget plan that cuts corporate and estate tax, gets rid of the toll on the Sakonnet Bridge (a four-lane bridge spanning the Sakonnet River in eastern Rhode Island), and allocates millions to make the next payment on the 38 Studios bond debt.

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Documents Reveal Who Bought 38 Studios Bonds in 2010

June 11, 2014 - GamePolitics Staff

Six or so of the missing 38 Studios investor letters have surfaced, according to the Providence Journal. The documents provide new information about all of the different companies and organizations that backed the bonds that funded the $75 million loan to 38 Studios.

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RI GOP Gubernatorial Candidate Urges Lawmaker to Withhold Payment on 38 Studios Debt

June 11, 2014 - GamePolitics Staff

Cranston, Rhode Island Mayor and GOP gubernatorial candidate Allan Fung is urging state lawmakers in Providence to pass two bills to prohibit the state from making payment on the failed 38 Studios investment.

During a State House press conference earlier in the week, Fung said that no payments should be made until there is a "thorough investigation" of the issue, including an allegation by one-time GOP congressional candidate Michael Riley that insider trading occurred.

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RI Bill Prohibiting 38 Studios Bond Payment Finally Gets a Committee Hearing

June 9, 2014 - GamePolitics Staff

Legislation proposed earlier this year that would prevent Rhode Island from repaying the 38 Studios bonds is finally being taken up by a House committee. House Oversight Chairwoman Karen MacBeth last week blasted Speaker Nicholas Mattiello in a vote for not letting the bill have a proper hearing.

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Former Rhode Island Lawmaker Says He Was Used to Legitimatize Bill That Funded 38 Studios Deal

June 9, 2014 - GamePolitics Staff

Jon Brien was surprised when Steven Costantino, the chairman of the Rhode Island House Finance Committee asked him on the House floor to if he wanted to co-sponsor a big jobs bill in 2010. Brien, who was a state representative at the time, was on the outs with leadership after voting against House Majority Leader Gordon D. Fox in the mid-session election of a new speaker that year. He was on talk radio often, lambasting House Democratic leaders and their allies for alleged "political shenanigans."

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Former Allies Spar Over Bill Related to 38 Studios Loan Deal

June 5, 2014 - GamePolitics Staff

Earlier this year, it seemed like the new Rhode Island House Speaker Nicholas Mattiello and new House Oversight Committee Chairwoman Karen MacBeth were on the same page when it came to investigating went happened with the failed $75 million 38 Studios loan deal.

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Business Organizations Urge RI Speaker to Repay 38 Studios Loan Debt

June 4, 2014 - GamePolitics Staff

House Speaker Nicholas Mattiello received a letter from Rhode Island business organizations urging the General Assembly to budget taxpayer money to repay the roughly $90 million owed to bond holders in the 38 Studios deal. The letter was signed by ten organizations, including a number of chambers of commerce and business groups.

2 comments | Read more

Protestors Tell RI Lawmakers: Don't Bail Out 38 Studios

June 3, 2014 - GamePolitics Staff

At a recent State House rally, a small group of protesters urged lawmakers and the Governor not to bail out 38 Studios.

"It’s a scam. It’s a rip-off. We shouldn’t pay it back," said one protestor - as reported by the Providence Journal.

2 comments | Read more

RI Legal Battle Against 38 Studios Could Cost Taxpayers 'Millions'

May 29, 2014 - GamePolitics Staff

According to this GoLocal Providence report, the legal battle against 38 Studios has already cost the state $840,000 in legal fees and related costs, and could cost taxpayers "millions" by the time it comes to a close. Only a fraction of the total amount ($156,000) has gone to the firm representing the state, Wistow & Barylick, Inc.

1 comment | Read more

38 Studios Loan Deal Serves as Political Fodder in RI Attorney General Race

May 28, 2014 - GamePolitics Staff

The fallout from the $75 million loan given to 38 Studios is continuing to be a hot-button issue in the state of Rhode Island. In the race for Rhode Island Attorney General, one candidate is using the deal in his attack ads against incumbent Attorney General Peter Kilmartin. In a new 60 second attack ad airing on radio in the state, Republican state senator and attorney general candidate Dawson Hodgson's campaign highlights Peter Kilmartin’s 2010 vote for the legislation that allowed the 38 Studios loan guarantee.

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Report: Michael Corso Stood to Gain Millions from 38 Studios Loan Deal Getting Approved

May 23, 2014 - GamePolitics Staff

Another day, another dozen stories coming out of Rhode Island about 38 Studios and how it is affecting several political races this year. The most prominent story today (from the Providence Journal) highlights the revelation that Michael Corso, the Rhode Island lawyer, tax-credit broker, and long-time friend of former House Speaker Gordon D.

6 comments | Read more

Former 38 Studios Execs Fight To Keep Private Documents Out of Court Case

May 22, 2014 - GamePolitics Staff

Four former top executives at 38 Studios are fighting in federal court to keep more than a half-million documents tied to the bankrupt video-game company 38 Studios. The former executives are being sued in state court by the EDC and the state of Rhode Island. Company founder Curt Schilling, former CEO Jennifer MacLean, former CFO Richard Wester, and 38 Studios board director Thomas Zaccagnino claim that "privileged communications between 38 Studios and its attorneys had been released to the [R.I.

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Candidate for RI Treasurer Criticizes State for Hiring Advisor it is Currently Suing

May 21, 2014 - GamePolitics Staff

Former Rhode Island State Treasurer Frank Caprio (D) is calling on the Gov. Chafee's administration to cancel the state’s new financial advisor contract with a company the state is apparently suing in connection with the $75 million 38 Studios loan deal.

A new two-year contract had been awarded to First Southwest this week, but this deal has not been formally signed according to a spokeswoman for current State Treasurer Gina Raimondo - who is also running for governor. Caprio is running for his old job this year.

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Former RI Speaker: Complying with 38 Studios Case Subpoena Violates Fifth Amendment Rights

May 21, 2014 - GamePolitics Staff

Former Rhode Island House Speaker Gordon Fox said on Tuesday in court (through his attorney) that he was resisting a court order to comply with a subpoena in the state’s 38 Studios lawsuit. His attorney argued on Tuesday that providing the information requested from the state could put him in legal jeopardy.

4 comments | Read more

38 Studios Board Member Encouraged Company to Hide Financials From Rhode Island Prior to $75 Million Loan

May 20, 2014 - GamePolitics Staff

A top board member of 38 Studios urged company executives in 2010 not to highlight its shaky financial condition when it was negotiating with Rhode Island leaders for a $75 million loan guarantee, according to newly released court documents in the ongoing lawsuit between the state of Rhode Island and various individuals related to the deal.

2 comments | Read more

RI Gubernatorial Candidate Has Three Questions for Gov. Chafee About 38 Studios

May 16, 2014 - GamePolitics Staff

Cranston, Rhode Island Mayor Allan Fung has challenged Governor Chafee to answer "three important questions" related to his stance that the state must avoid defaulting on the bonds that financed 38 Studios. Fung, who is a Republican candidate for Governor, is skeptical that defaulting on future debt payments will damage the state's reputation and ability to secure credit for future endeavors. He put the following questions to Chafee:

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Former RI Speaker Seeks to Kill Subpoena in 38 Studios Case

May 15, 2014 - GamePolitics Staff

The lawyer representing Former Rhode Island speaker of the House Gordon Fox will be in court today to fight against a subpoena in the 38 Studios case filed by the Economic Development Corp. on behalf of the state.

1 comment | Read more

RI Gov. Chafee: The State Must Pay Down 38 Studios Loan Debt

May 14, 2014 - GamePolitics Staff

Even as an analyst appointed by Rhode Island Gov. Lincoln Chafee prepared to brief lawmakers on its findings about what would happen if the state fails to make payment on the 38 Studios loan debt, the Governor is taking his case to the public airways. Speaking to WPRI, Chafee reiterated his position on defaulting on the 38 Studios loan deal bonds.

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Standard & Poor's Puts Rhode Island on 'Negative Watch' Over 38 Studios Loan Payment Uncertainty

May 13, 2014 - GamePolitics Staff

If lawmakers in the state of Rhode Island decide sometime in the future not to pay down the debt associated with the 38 Studios loan, the entire state could end up getting a bad credit rating, which in turn could affect its ability to borrow for important projects.

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Rhode Island Gubernatorial Candidate Urges Lawmakers to Stop Paying 38 Studios Loan Debt

May 13, 2014 - GamePolitics Staff

Rhode Island Republican Gubernatorial candidate Ken Block is telling the state's legislative leaders to "reject calls to repay the 38 Studios bonds."

"The latest version of the debate is once again boiling down to who deserves to be protected—38 Studios bondholders or the taxpayers of Rhode Island," Block said Monday.

1 comment | Read more

Expert Warns RI Lawmakers About Defaulting on 38 Studios Loan

May 9, 2014 - GamePolitics Staff

An independent analyst who looked at the Rhode Island 38 Studios loan repayment plan said that defaulting on the debt related to the $75 million loan plus other penalties and interest would damage Rhode Island's bond rating to junk status and could harm the state's overall business climate.

The report from Minnesota-based SJ Advisors said that defaulting on the loan would bring increased borrowing costs and harm to the state's reputation, and could lead to a "contagion effect impacting other Rhode Island issuers and even taint the business environment."

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PHX CorpI'm going to do a test stream later today, if anyone is intrested07/31/2014 - 2:40pm
Andrew EisenYes, I'm such a big Nintendo dork that I read Nintendo's quarterly financial reports.07/31/2014 - 2:09pm
Andrew EisenCool tidbit - Mario Kart 8 sales account for more than half of total Wii U software sales for the last quarter even though it was only available for the last third.07/31/2014 - 2:09pm
Andrew EisenStill a pretty cool promotion. Unfortunately for me, I'm not interested in purchasing Mario Kart 8 and I already owned or didn't want any of the free games on offer.07/31/2014 - 1:43pm
Andrew EisenInteresting that EU had 10 games to choose from while North America only had four.07/31/2014 - 1:41pm
MaskedPixelanteIt certainly worked, I probably would never have bought Mario Kart 8 if it didn't come with a free copy of Wind Waker HD.07/31/2014 - 1:14pm
Andrew EisenI imagine will see similar promotions like "Buy Mario Kart 8 get a download code for one of these specific games" but almost certainly not for all of its (however you would define) biggest releases.07/31/2014 - 11:24am
MaskedPixelanteI wonder if Nintendo is going to be doing "buy one get one free" promos for all their biggest releases going forward.07/31/2014 - 10:48am
MaskedPixelantehttp://www.mcvuk.com/news/read/special-report-retail-revolt-over-pc-code-strippers/013614007/31/2014 - 8:27am
ZippyDSMleeWouldn't they be able to afford and get done in a timely manner a general gba emluator for the 3DS? It seems to me if they want to make money off sales they need to do it.07/31/2014 - 7:25am
Sora-ChanAmbassador program, that's what I was looking for. Anyway the other games that have been made no longer exclusive to the early adopters got updates in their software. It'll only be a matter of time more than likely for the GBA to get the same treatment.07/31/2014 - 5:35am
Sora-ChanI might be naming it incorrectly when I say "founder" i mean the program for earlier adopters.07/31/2014 - 5:34am
Sora-Chanthe 3DS's GBA emulator was a rush job due to the founder program. No other GBA titles have been released on the 3DS yet. If/When they do get around to it, they'll more than likely update the emulation software.07/31/2014 - 5:32am
Zenemulator...it's not just a slap job that makes "some" work..they do it for each which is why they work so well. I would rather have the quality over just a slap job.07/30/2014 - 5:48pm
ZenMatthew there is a difference between "worked" and "accurate". You play the Nintendo VC titles they play as damn close to the original as possible. The PSP would just run them as best they could, issues and all. And Masked...EACH VC title has their own07/30/2014 - 5:48pm
MaskedPixelanteOnce again, the 3DS already HAS a GBA emulator, it just can't run at the same time as the 3DS OS.07/30/2014 - 4:54pm
Matthew Wilsonyou cant street pass in ds mode ether, and if moders can make a gba emulator that runs very well on the psp as I understand it. you are telling me that Nintendo devs are not as good as moders?07/30/2014 - 4:49pm
Zenperformance. Halo 1 and 2 worked great because they actually did custom work on each of them...just like Nintendo does now lol07/30/2014 - 4:08pm
Zenexisting hardware while the GBA has to be emulated completely. Same reason the 360 couldn't run most Original Xbox games correctly, or had issues because they just did "blanket approach" for their emulation which led to game killing bugs or horrible07/30/2014 - 4:07pm
ZenSora/Matthew: It's not just Miiverse, but the whole idea of streetpass and things like that would be affected if the OS is not running. And just because a 3DS game can be downloaded and run does not mean that GBA can as easily. Those 3DS games use the07/30/2014 - 4:06pm
 

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