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Posts Tagged ‘video games’
Gadgets, Gaming, News - Monday, May 14, 2012 11:56 - 10 Comments
GAME Australia goes into administration
news The Australian division of embattled video game retail chain GAME Group has gone into administration, video game media outlet Kotaku reported this morning.
GAME has been struggling internationally for some time. Earlier this year, a number of major video game manufacturers began refusing to supply the company with stock because of a perceived ability for the company to be unable to pay its debts. In its home market in the UK, GAME went into administration several months ago and was purchased by investment firm Opcapita. In Australia, the company operates some 95 stores and staff numbers variously reported to be between 500 and 900, as one of the major local outlets for video games, alongside rivals like JB Hi-Fi and EBGames. Kotaku reported this morning:
“final confirmation came this morning when all GAME stores were sent an email stating GAME had gone into administration. GAME’s Marketing Manager also confirmed this to Kotaku Australia, but declined to give further details.”
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