The former joint COO of Dixons, David Hamid, will become GAME’s new executive chairman, MCV understands. Hamid’s former employers include MFI (chairman), Halfords (CEO), Nationwide Auto Centres (chairman) and Russian retailer Mvideo (deputy chairman). He is also an operating partner of OpCapita’s. OpCapita’s Henry Jackson will also be involved in …

Retailer GAME has announced its exit from administration following a successful bid by Comet owners OpCapita. Private investment firm OpCapita has secured a sale of GAME’s UK assets to Baker Acquisitions Limited. Under the terms of the deal Baker has bought the UK arm of GAME Group out of administration …

Investment firm OpCapita WILL be the new owner of the UK GAME stores, according to the Telegraph. A report this evening from the national newspaper says that discussions this weekend has put the firm back in the lead to be the owner of the chain. OpCapital tabled a bid for …

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 …

Retailer Blockbuster is continuing its revitalised push into the games space with another 4.99 offer on new releases. Customers can today buy either EA’s Tiger Woods PGA Tour 13 or Namco Bandai’s Ridge Racer Unbounded for just 4.99. All they have to do is hand over a copy of one …

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 …

Namco Bandai takes its flagship racing series in a new direction this week in Ridge Racer: Unbounded. The street racing titlefocuses on destruction as players smash their way through city courses and drive their opponents off the road. It also features a track editor, allowing them to create their own …

Administrator PwC has reactivated GAME’s Reward Scheme, effective immediately. The retailer has released the following statement: Your Reward Cards have now been reactivated by the Administrators for redemption against pre-owned stock. This means that points can be earned on all products AND redeemed against pre-owned items as of now.This is …

Buyers of EA’s upcoming SimCity PC game will need a constant internet connection to play it. Developer Maxis also said that players would be able to purchase the SimCity reboot from digital retail stores other than EA Origin. However, those users will still need an Origin account and internet connection …

The first GAME and Gamestation stores to be shut after the chain’s entry into administration have closed their doors. It is estimated that around 300 of the UK’s 609 GAME and Gamestation outlets will cease trading immediately, with the possibility of more to follow if a buyer is not found …