It looks like Borderlands developer Gearbox might announce its next game very soon. The studio posted a teaser image on Twitter on Wednesday that many are taking to be a sign that Borderlands 3 will be announced during a panel at PAX East later this month.

　　[Update: The panel has arrived, and it brought the expected news and more. Gearbox announced Borderlands 3, as well as an upgraded re-release of Borderlands: Game of the Year Edition and new visual enhancements for Borderlands 2 and The Pre-Sequel.]

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　　Now Playing: Borderlands 3? Gearbox Is Teasing Something - GS News Update

　　The teaser image shows a highway sign for Boston, Mass. and date March 28, while the background looks visually similar to the style of the Borderlands series. The top right of the highway sign shows the bottom half of the number three. PAX East takes place in Boston, and the "3" might be a signal that this is all in reference to Borderlands 3.

　　? pic.twitter.com/pGGEpIi0V9

　　— Gearbox Official (@GearboxOfficial) March 12, 2019

　　March 28 is the same day that Gearbox is holding a panel at PAX East's biggest hall. Among other things, the panel promises "never-before-seen reveals, exclusives, and surprises." Fore those who cannot attend, the event will be streamed live.

　　[Update: Gearbox has now teased "another game" to be unveiled at PAX, and in the process confirmed that this first teaser is for PAX as well. The second teaser shows a machine in some kind of laboratory, kicking off speculation regarding what it could mean. A third teaser has also appeared, and it, like the first one, also looks rather like a Borderlands tease.]

　　Gearbox's next title is expected to be published by 2K, whose parent company Take-Two has been talking about a "highly anticipated" sequel for a long time now, despite it never being officially announced. Speculation has suggested that the game may be Borderlands 3, or whatever the next title in the series ends up being called. Regardless, a new Borderlands is known to be in development, as Gearbox's Randy Pitchford has even stated publicly that 90% of the studio is "working on the thing I think most of you guys want us to be working on."

　　Gearbox's latest new game was 2016's Battleborn, which, despite being the company's "biggest investment ever," was not as successful as Take-Two wanted. Gearbox has stopped updating the game, but its servers remain online.