MCV/DEVELOP News, events, research and jobs from the games industry
The presumption that GameStop will inevitably acquire GAME could be wide of the mark, if analyst warnings are to be believed. GameStop may have fared far better than its transatlantic rival amidst the recent changes to the games industry, but the uncertainty surrounding the future of the games market could …
Read More »GAME stock the centre of huge Monday activity
Retailer The GAME Group is at the centre of some feverous stock market activity today as its day or reckoning rapidly approaches. At the time of writing some 245,717,152 GAME shares have been traded in the last 24 hours. This compares to an average daily trade volume of just 10.9m …
Read More »GAME buyer ‘would prefer to wait for a formal administration’
Pundits say that GAME will have to go into administration or become insolvent before acquirers step in. The troubled UK retailer has already had a tough day, with shares hitting an all-time low as speculation about its future continuing to mount. Now analysts reckon the worst will have to happen …
Read More »UPDATE: GAME.co.uk "down for maintenance"
The websites for both GAME and Gamestation have this morning been taken down. GAME.co.uk is down for maintenance,” a message on the site currently reads. We apologise for any inconvenience this may cause.We hope to be back up and running very soon. If you require assistance with an existing order …
Read More »Mass Effect 3 sales reinforce Riccitiello’s chilling GAME warning
Today’s success of Mass Effect 3 in the UK charts may be great news for the industry, but it’s a bad sign for troubled retailer GAME. Had the game failed to hit expectations, perhaps missed No.1 or fallen below the week one sales number of its predecessor, EA would this …
Read More »GAME stock plummets below 1p
It’s a sorry Monday morning for beleaguered retailer GAME today with stock in the company dropping to an all-time low. Having closed on Friday evening at an already rock-bottom 3.51p per share, GAME’s stock opened Monday morning on a bewilderingly low 1.75p. In the minutes that followed it fell as …
Read More »Latest GAME statement shows firm’s uncertain future
Mounting weekend speculation about GAME has forced the Group to issue a statement about its future. GAME says that "it has not been possible to source new products from a number of suppliers", despite ‘ongoing discussions’ with those firms. It also reconfirmed that it is reviewing its entire business and …
Read More »Riccitiello: "Other retailers will absorb the business" if GAME goes
He carefully avoided naming it, but EA’s CEO last week said it’s "all but a certainty" GAME has two terrible weeks ahead. But he thinks other retailers will pick up the slack. Speaking at a Wedbush Morgan technology investors event last week, John Riccitiello said the firm is "still praying …
Read More »Report – GAME puts itself up for sale
GAME has hired Rothschild to find a buyer for the beleaguered retailer, The Sunday Times reports. The paper writes that GAME has to pay landlords in two weeks. Failure to pay rents could push the firm into administration jeopardising thousands of jobs. As widely reported, GameStop is interested in the …
Read More »Last chance to vote for GAME BAFTA Award
GAME is urging UK consumers to vote for their favourite game of 2011 before March 13th by giving away a Star Wars Xbox. Gamers who vote at www.baftagameaward.com will be entered into a prize draw to win a Limited Edition Star Wars Xbox 360 console and Kinect accessory. The BAFTA …
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