If the path is wrong, correct it. If the key doesn’t exist, right-click in an empty space → New → String Value → Name it GameDirectory → Set the value to your install folder.
from 2010–2012. Modern Windows versions may not include these by default, requiring a manual installation from the game's Dead Island Game X86 RwdiDLL - Facebook Dead Island Cannot Find Script Dll X86 Rwdiexe Fix
Close Registry Editor and launch the game. If the path is wrong, correct it