The Rhode Island government is hoping to keep struggling Kingdoms of Amalur: Reckoning developer 38 Studios open.

Rhode Island Governor Lincoln Chafee and the Rhode Island Economic Development Corporation met with 38 Studios for discussions, and hoped to protect the taxpayer dollars invested in the company.

The game studio, founded by pro baseball player Curt Schilling, received a USD $75 million (AUD $75m) loan guarantee from the Rhode Island Economic Development Committee prior to Chafee taking office.

The state hoped its backing would help the company bring hundreds of jobs and millions of dollars of tax revenue to the area.

Chafee criticised the loan guarantee when he ran for office, but now was determined to see the investment succeed.

"It has been a weekend of work on this subject," he said, citing a tight time frame as a problem.

"We're doing everything possible, like I would for any Rhode Island company."

The loan was put in place in 2010 to fund 38 Studios' MMO Copernicus, which is yet to see the light of day.

Meanwhile, the game company released Kingdoms of Amalur earlier this year to mostly positive reviews. By March 10, Kingdoms of Amalur: Reckoning had sold 330,000 copies in the US.