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Real Risk of Bosses Pulling the Plug on U.K. Retailer GAME

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Posted on March 5, 2012 AT 07:07am

THE BUZZ: Insiders have claimed that GAME bosses may pull the plug on the U.K. retailer after recent events.

Directors are considering closing down in order to avoid any more significant losses after GAME failed to secure stock for Mario Party 9, and more importantly Mass Effect 3.

A source “close to the situation” told The Express: “There is a real risk that GAME’s directors will pull the plug because they can’t be sure that the company can survive through the next trading season, and then insolvency becomes inevitable.”

“They are in discussions with their legal advisers about whether to shut up shop rather than rack up more losses,” the source added.

EGM’s TAKE: GAME is in dire straights at the moment. Missing out on Mass Effect 3 has dealt a major blow to the company as a whole. If it misses out on another major release that could easily prove to the straw that broke the camel’s back, and force the directors’ hands.

 

Source: The Express

Matthew Bennett, Associate Editor
Matthew Bennett has only been covering the gaming world for a short while, but he’s eager to make his mark. An ability to go many hours without sleep and a quick wit make him ideal for his role as associate editor at EGMNOW.com. He often thinks back to the days when the very idea of this career seemed like nothing but an impossible dream. Follow him on Twitter @mattyjb89. Meet the rest of the crew.

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