Skip to main content

Red Mile CEO steps down

Board member and owner of finance company funding Sin City developer also leaves business

Red Mile Entertainment's CEO Chester Aldridge has stepped down from his position at the Sin City developer, but will remain on the board of directors.

Kenny Cheung has also resigned from the board, with the company stating his move "did not result from any disagreement with the company relating to our operations, policies or practices," in a SEC filing.

Cheung owns Tiger Paw Capital, the company which financed Red Mile Entertainment with USD 1 million in February.

The developer and publisher had indicated last month that if it does not secure additional funding shortly, it will be forced to close. The studio, which as well as Sin City is working on Heroes Over Europe, hopes to raise USD 10 million to continue operations for the next 24 to 36 months

President of Red Mile, Simon Price, has been promoted to the chief executive officer position with immediate effect.

Read this next

Matt Martin avatar
Matt Martin: Matt Martin joined GamesIndustry in 2006 and was made editor of the site in 2008. With over ten years experience in journalism, he has written for multiple trade, consumer, contract and business-to-business publications in the games, retail and technology sectors.
Related topics