MCV/DEVELOP News, events, research and jobs from the games industry
Former GAME workers staging sit-in protests at Irish branches are to be updated by administrators PwC today. MCV yesterday published a number of pictures posted by the protestors, who are unhappy with PwC’s demand that they pursue the Government for redundancy pay after being told they would receive nothing from …
Read More »Sainsbury’s eyes up GAME customers in new promotion
GAME’s recent troubles were always going to spark a move from rival retailers to try and grab all those spare gamers – and supermarket Sainsbury’s appears to have made its move. The chain has announced not only that it has increased its video game stock but also that it has …
Read More »Indies grab exclusive Resident Evil DLC
Independent games stores are beaming after receiving exclusive content for the new Resident Evil. Capcom and CentreSoft is providing the in-game Power Weapons and Elite Weapons packs only for indies who order copies of Operation Raccoon City. The game hits stores today (Friday, March 23rd) for Xbox 360, PS3 and …
Read More »PwC "just needs a bit more time to push GAME deal over the line"
Administrator PwC has said that GAME just needs to hold on for a short time longer so it can finalise an acquisition deal. We just need a bit more time to push the deal over the line,” PwC’s Mike Jervis stated. There is a huge amount of complexity in the …
Read More »GAME suspends Reward and Gift Cards
Customers are no longer able to use their Reward Cards in GAME or Gamestation stores. Customers are also no longer able to issue refunds or exchanges. There have also been isolated reports of violence at some stores as customers are stopped from spending their trade-in credit, with some losing three …
Read More »GAME CEO Ian Shepherd steps down, confirms store closures
Ian Shepherd, the CEO of retailer GAME, has resigned from his role. I’ve said a number of times that the administrator, once appointed, takes charge of the business,” an internal GAME memo reads. Having two people try to do that is both confusing and a waste of money. With that …
Read More »GAME: Administration came after period of "careful consideration"
Retailer GAME has issued what may well be its final statement before the process of dismantling the retailer begins. It follows confirmation of its official entry into administration just moments ago. Further to our announcements of March 21st, the Board of GAME has completed its discussions with lenders and third …
Read More »GAME to enter administration, fails to find buyer
As expected, retailer GAME will this morning enter administration. Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain. The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close …
Read More »RBS GAME bid gathers press momentum as store closures loom
Two more national newspapers have reported that The Royal Bank of Scotland is leading a consortium of bidders interested in acquiring The GAME Group. Yesterday MCV reported that a Sunday Times story claiming that the state-owned bank was interested in saving GAME from collapse. This morning The Telegraph reports that …
Read More »HMV exits Channel Islands and returns to UK
HMV will close its Guernsey warehouse and now run its website from the UK. It follows the end of Low Value Consignment Relief (LVCR), which has allowed online retailers to sell goods tax-free into the UK. As of April 1st, there will be no tax advantage to having a warehouse …
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