Max Payne 3 is the third main game in the series and takes place a good few years after the events of the previous entries. Following his work as a DEA agent and a New York City Police Department detective, protagonist Max Payne moves from Hoboken, New Jersey to São Paulo, Brazil. Looking for a new life and to leave his past behind, he works in a private security detail for Rodrigo Branco. When Branco's wife Fabiana is captured by a street gang during a rooftop party, Payne sets out to save her but the events quickly spiral out of control.
The game is played as a third-person shooter where Payne is often outnumbered by enemies. To survive, the series' prime bullet time mechanic is essential. Activating it slows down time and allows him to jump, dodge, shoot, and lock onto multiple enemies in succession to take them out.
The gameplay incorporates a cover mechanic where cover can be sought near virtually any object. From that safe position, it's possible to aim and shoot, or jump out. To survive, cover needs to be used constantly and specific body parts such as head shots are often required to dispose of enemies quickly. Health is shown through an outlined figure on the right. As Max gets shot, it fills up red. To avoid dying, he has to pick up and swallow painkillers that come in small supplies.
Certain objects in the environment can be examined for clues and flashing buttons can be shot to open doors and gates. For cinematic effect, there is a bullet camera that follows the projectile until impact. The player can manually slow down the camera and rotate, and then continue shooting. Not all of the story is told in chronological order. Some parts are played from flashbacks.
Multiplayer is entirely new to the series. It has a Gang Wars team mode based around gaining experience, using perks, defining custom loadouts, etc. The games include variants of capture-and-hold and capture-the-flag. It also incorporates the bullet time mechanic where activating it affects every opponent in the character's line-of-sight.
Max Payne 3 was released on September 6th, 2012 for the Xbox 360 console.