It is very simple, so I think if that is what you were going for, good for you, its not bad.
So as a rating: 7-8/10
Now for the long winded critique:
However, one of the critiques that I have is that if you want simplicity, I'd suggest going all the way. You're too far midway. You could have simplicity like the following logo:
Or you could have a bit complexity with simplicity like this one:
The thing is that one is simple, but reasonably midway. Too complex doesn't go well in logos, especially not in today's world.
If you wanna keep it simple, try to not have it be just that color set. Its painful and unattractive alone. Try layering it atop a emblem type background, so its not just those colors for the logo.
^ The above is mostly for the logo without text.
For the one with text, as @Ender said:
(02-23-2017, 04:42 AM)Ender Wrote: the words make it look like a high school football team logo.
It looks less like a gaming studio and more like a gaming team, much like a sports team. Less work and more play, which even for a laidback game development team, is bad.
In fact, simply adding a new font may be a good idea, or you could just remove the text in general. Logos tend to look better without text (unless they are text, take DICE and McDonalds for example.)