MCV/DEVELOP News, events, research and jobs from the games industry
Shareholders holding out hope that they might yet recoup the value of their losses have received some bad news this afternoon. The GAME Group has today requested its complete removal from the London Stock Exchange. "Further to the announcement of 21 March 2012 and the appointment of PWC LLP as …
Read More »UKIE expresses relief at GAME acquisition
Games industry trade body UKIE has unsurprisingly welcomed the news that GAME has been saved from administration by retail turnaround specialist OpCapita. Baker Acquisitions’ purchase of UKIE member, Game’s UK assets is a very positive move for the UK games industry,” UKIE CEO Dr Jo Twist stated. Not having a …
Read More »GAME: A history in headlines
While GAME’s recent tumult has dominated the headlines, it’s easy to forget the many other times GAME has surprised, pleased – and occasionally dismayed – the trade. And MCV reported on pretty much all of them.MCV dug through the archive to recall the twists that built a respected retail powerhouse.. …
Read More »Brand Map: 65% of SingStar players are female
A 65 per cent majority of the total gaming hours logged in SingStar are made up by females, compared to a share of 28 per cent for the average game. With a little bit of something for every musical taste, SingStar has remained a popular party series from its 2004 …
Read More »David Hamid becomes new GAME exec chairman
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 …
Read More »OFFICIAL: GAME UK exits administration
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 …
Read More »GAME is saved as deal is agreed
A deal has been agreed that has tonight seen GAME exit administration, MCV believes. Former front-runner turned write-off OpCapita has in a surprise development emerged as the victor, with its re-jigged offer for the trimmed-down GAME offsetting the doubts that saw its original approach shunned by lenders. OpCapita has reportedly …
Read More »OpCapita winning eleventh hour deal to buy GAME UK, says Telegraph
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 …
Read More »Former GAME workers furious at late wage admission
Nearly two thousand former GAME and Gamestation staff in the UK have only discovered today that they will not receive either payment for their notice periods or redundancy. Staff at GAME’s Northern Irish stores were given the same bad news earlier this week. What has irked most for those who …
Read More »GAME and Gamestation websites return as administration exit approaches
Both the GAME.co.uk and Gamestation.co.uk websites have been restored. Some functionality – such as Reward points earning and spending – is not yet active, but will be reinstated soon. Furthermore, other offers such as GAME and Gamestation gift cards will likely soon also be reactivated, despite recent reports to the …
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