UPDATED: GAME customers gift card uncertainty

Law firm Thrings LLP has warned GAME customers that they may never be able to redeem any outstanding gift cards they have from the retailer. This is despite the reinstatement of both the GAME Reward Card and Gamestation Elite Card yesterday. "In essence, the administrator cannot honour a liability on …

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More PlayStation Orbis evidence revealed

Further evidence has come to light suggesting that PlayStation Orbis is indeed the current codename for Sony’s PS3 successor. Kotaku spotted images on the website of design agency Coque Design. These were labelled "Illustrations & Sketches for new PlayStation Orbis features". The showed an EyeToy like device mounted on top …

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Sega to downsize, axe certain games

Sega is expecting a loss of 54m (7.1bn) as it restructures its US and European operations. Parent company Sega Sammy Holdings has today said it will carry out a ‘structural reform’ of Sega’s consumer business. It said it will ‘streamline’ its US and European video game operations and create a …

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Best Buy losses lead to 50 store closures

Continued profit declines have led US technology retailer Best Buy to close 50 of its big box stores. The chain reported losses of $1.7bn for the three months ended December 31st, 2011 – a staggering decline from the $651m in profits it reports in the same period last year, according …

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