Game database:   #ABCDEFGHIJKLMNOPQRSTUVWXYZ         ALL     Xbox One     PS4     360     PS3     WiiU     Wii     PC     3DS     DS     PS Vita     PSP     iOS     Android


GAME not quite dead yet but it's definitely looking pale


2:00 AM on 03.20.2012
GAME not quite dead yet but it's definitely looking pale photo



GAME, the failing UK videogame retailer, has not been having a good year so far. A string of major releases never appeared on the shop's shelves, preoders were cancelled and things were looking gloomy. The GAME Group needed £180 million or it would go into administration. I went to a couple of my local shops last week to see if they'd gone post apocalyptic yet. They had. They were slashing prices everywhere, but the deals still weren't particularly good compared to their online competition and lots of the most popular games were absent entirely. 

Things started to actually look up for the retailer, yesterday. The private investment firm OpCapita was rumored to be providing the necessary funds. It now seems that OpCapita do indeed have the funds ready. They also have a management team poised to start repairing the damage and making the chain profitable again. Unfortunately the chief money lender, The Royal Bank of Scotland, is holding up negotiations. 

With £21 million in rent due this Sunday and £12 million in wages due at the end of the month, GAME will be desperate to get these negotiations moving again. If the shop does go into administration 10,000 more people will be without jobs across the UK. However, if the negotiations end favorably the influence of OpCapita may end up extending GAME's life by quite a bit. Another of the firm's acquisitions, large electronic goods chain Comet, had its most successful month in two years this February.

Of course, GAME is a bit more niche than Comet and boxed videogames took a 13% hit last year. With Amazon, Play and digital distribution platforms like Steam all offering better deals and greater convenience, this rescue might be just putting the retailer on life support.  

RBS urged to act before GAME slips into oblivion [MCV]






Comments not appearing? Anti-virus apps like Avast or some browser extensions can cause this.
Easy fix: Add   [*].disqus.com   to your software's white list. Tada! Happy comments time again.

Did you know? You can now get daily or weekly email notifications when humans reply to your comments.



New Banjo-Kazooie shown at SXSW photo
New Banjo-Kazooie shown at SXSW
1:30 PM on 03.15.2015






News

9:00 PM on 03.15.2015
Cancelled Kingdom Hearts concept art with Frozen, Wreck-It Ralph, Star Wars

[Update: As pointed out by Drake in the comments, there is some debate as to whether these are real or not, although no concrete evidence has been shown either way. So take the following with a grain of salt and I'll update i...more



1:30 PM on 03.15.2015
New Banjo-Kazooie shown at SXSW

Are you ready to have a sad? The SXSW Gaming Awards had Banjo and Kazooie on screen being flown through the air via audience participation with the use of motion controls. No new game has been announced from Rare just yet, th...more



4:00 PM on 02.24.2015
We asked the least cynical man alive about Kanye's new videogame

Kanye West is working on a videogame. Weirder still, this is not Mr. West's first foray into the world of gaming. He is also a playable character in a game called I Won about throwing gold chains at women and turning them in...more



View all News






Back to Top




All content is yours to recycle through our Creative Commons License permitting non-commercial sharing requiring attribution. Our communities are obsessed with videoGames, movies, anime, and toys.

Living the dream since March 16, 2006

Advertising on destructoid is available: Please contact them to learn more