Realtime Worlds, the computer games company founded by the creator of Lemmings and Grand Theft Auto, has gone into administration.
As a result, around 200 jobs at the Dundee-based company are believed to be at risk. Realtime made 60 staff redundant on Friday.
Paul Dounis, partner at Realtime Worlds’ administrators Begbies Traynor, said: “We are currently involved in a consultative process with the 200 staff employed in Dundee.”
Dounis added that the administrators aim to continue trading Realtime while it tries to find a buyer for the company.
The announcement comes after the government, in its emergency Budget in June, decided to scrap tax breaks that had been promised to the UK games industry.
Realtimes released its latest title, online role-playing action game APB (All Points Bulletin), two months ago, after five years in the making. However, the game has reportedly received “lacklustre” demand.
The company’s main development division is in Dundee, while its parent company’s head office and online operations are based in Colorado.
Dave Jones, creative director at Realtime, founded the company in 2002.