Steve Chiang’s Fortis is a new game company backed by Las Vegas Sands
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Fortis, a new video game company started by former Warner Bros. gaming leader Steve Chiang, is debuting today with backing from Las Vegas Sands.
The San Francisco company has already acquired three game studios and has more than 150 people, and it is headed by president Chiang, the former executive vice president of worldwide studios for WB Games.
Chiang’s decision to start fresh at a new game studio is a sign of the times, where veterans of gaming are opting for freedom and a fresh supply of funds from investors who now see the power of games. In this case, the money comes from Las Vegas Sands, a company started by Sheldon Adelson (now deceased) and known as the creator of the Venetian Hotel on the Las Vegas Strip. Last year, the Las Vegas Sands sold the Venetian resort for $6.25 billion, and it is now diversifying into new kinds of investments like games.
In an interview with GamesBeat, Chiang said he was happy with the partner because it isn’t focused on niche games like social casino games or gambling apps. Rather, he said Las Vegas Sands wants Fortis to go after the broader gaming market and invest heavily in high-quality titles.
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As part of its long-term strategy, Fortis has been building its team through acquisitions and hiring globally. The company has recently acquired three development teams: Doppio Games, in Portugal; Oktagon Games in Brazil, and Metagame in Romania.
“At Sands, we believe interactive entertainment is the world’s most accessible medium to provide people with fun and rewarding social experiences, and we see video games as becoming a core pillar as we diversify our
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