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　　GS News Update: EVE Developer Closes San Francisco Office, Two Key Execs Leave

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　　In the wake of the cancellation of the World of Darkness MMO and year-over-year financial struggles, developer CCP Games has closed its San Francisco office and parted ways with two senior executives. The Icelandic company announced the news this week in an earnings statement [PDF], which was translated by Gamasutra.

　　For the six-month period ended June 30, CCP Games reported sales of $36.5 million, down marginally compared to last year's $36.7 million. However, the company reported a $22.8 million loss for the period, compared to a profit of $319,000 last year.

　　The downturn was due in part to the cancellation of the World of Darkness MMO in April, which CCP Games said negatively impacted profitability substantially due to "significant severance" expenses, among other things. As part of the game's cancellation, 56 employees were immediately let go.

　　In addition, CCP Games CFO Joe Gallo and CMO David Reid have left the company. A representative for CCP Games told Gamasutra, "the split was an amicable one." Going forward, CCP manager Hilmar Veigar Petursson said the studio will focus on EVE Online to boost profits. The studio is also working on EVE: Valkyrie, a dogfighting game for the Oculus Rift and Project Morpheus virtual reality headsets.

　　It's not been an easy year for CCP Games. Most recently, the developed cut an additional 49 jobs in June as part of a wider restructuring process.