Today high street shop GAME officially filed for administration. Here is what the company had to say in their official statement:

“Further to this morning’s announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business,” the company said.

“The board has therefore today filed a notice of intention to appoint an administrator. In the short term the Board’s intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium.”

This announcement follows the company’s tough times where they announced they would not be stocking several big name titles. Even Capcom informed users to shop online for their latest game Resident Evil: Operation Raccoon City.

Looks like it’s time to spend those GAME points and fast!

 

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