MCV/DEVELOP News, events, research and jobs from the games industry
The future of retailer GAME could be on the verge of being secured. The Times reports that Comet owner OpCapita has offered to buy out the GAME Group’s lenders, including the complete repayment of all of the chain’s suppliers. This has since been confirmed to MCV. This is particularly good …
Read More »There are 10 days left to save GAME
MCV understands that staff within GAME’s Basingstoke headquarters believe the firm will fall into administration on March 24th unless a buyer is found. That is a day before GAME’s quarterly rent day of March 25th on which GAME will be required to pay the leases for many of its stores. …
Read More »EXCLUSIVE: Walmart makes GAME approach
MCV understands that American retail giant Walmart has made contact with GAME about a possible acquisition of the retailer. Walmart is the world’s 18th largest public corporation with over 9,000 stores worldwide. It is also the owner of UK supermarket Asda. In 2011 it generated worldwide revenue of $422bn. In …
Read More »Blueshore Global Equity acquires 8% of GAME’s shares
A company called Blueshore Global Equity has today acquired 29m GAME Group shares, giving it an 8.35 per cent stake in the retailer and limited voting rights. Blueshore, a global equity fund based in New Jersey, was founded in 2006 by Harsha Gowda. It specialises in equity and pooled investment …
Read More »FEATURE: Rush to cash in store credit could expedite GAME demise
GAME’s Spring Clean sale has certainly proved popular with customers. But has it helped or hindered GAME’s current plight? Go into any GAME or Gamestation outlet today and ask customers what they are doing. Many will tell you they’re using up the last of their store credit in case GAME …
Read More »Kid Icarus not available at GAME
Nintendo’s 3DS title Kid Icarus: Uprising will not be stocked at GAME or Gamestation. The confirmation comes from Nintendo, which lists Argos, Asda, Blockbuster, Tesco, Dixons Stores Group, GameStop, HMV, ShopTo, Sainsbury’s, Smyths Toys, Toys R Usor online at Amazon, The Hut, JohnLewis.com,Littlewoods.com,Play.com andzavvi.co.uk. Nintendo joins the likes of EA, …
Read More »REPORT: HMV denies "receiving extra EA support" amidst GAME crisis
There is a sad truth to the seemingly inevitable demise of GAME Group – it’s potentially good news for other video game retailers, in the short term at least. But more than simply picking up GAME’s lost sales on key titles such as Mass Effect 3 and Street Fighter X …
Read More »Ninja Gaiden 3 and Warriors Orochi 3 also skip GAME
Just minutes after it was revealed that Capcom’s Resident Evil: Operation Raccoon City will not be stocked at GAME, two more upcoming releases have joined the pile. Tecmo Koei has confirmed in a statement that upcoming releases Ninja Gaiden 3 and Warriors Orochi 3 – released on March 23rd and …
Read More »GAME not stocking Resident Evil: Operation Raccoon City
Capcom’s upcoming release Resident Evil: Operation Raccoon City will not be sold at GAME or Gamestation, MCV can confirm. The game is due for release in the UK on March 23rd. It follows in the footsteps of fellow Capcom releases Street Fighter X Tekken and Asura’s Wrath, which were also …
Read More »Hilco and OpCapita linked to GAME acquisition
As stated by MCV yesterday, the widespread belief that GameStop will swoop to acquire part or all of GAME could yet prove wide of the mark. Although GameStop can still confidently be regarded as the front-runner, The Financial Times has named two other would-be suitors – Hilco and OpCapita. Hilco …
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