Recently GAME had been in a spot of trouble failing to secure may key titles for a variant of publishers including EA, Nintendo and Ubisoft, which is obviously a huge downfall for the business leading to a huge loss in profits.
More recently GAME had to cancel all pre-orders for EA’s Mass Effect 3, giving away £5 of reward points to each customer who pre-ordered the game, alongside this they have also failed to secure stock for Mario Party 9, all of the PS Vita launch titles from Ubisoft, and will not be receiving anymore games from EA in the future.
A source who claims to be “close to the situation” has now revealed to The Daily Express that the GAME directors are in discussions to close it’s UK stores in an effort to avoid bankruptcy:
“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.”
With a recent report from Eurogamer stating the simple lack of Mass Effect 3 could be the pinnacle point for the company costing around £7 million pounds in potential revenue, GAME have stated that this is only a temporary measure but the Royal Bank of Scotland, their lenders arn’t convinced and according to a source close to the bank told The Express:
“The immediate response from RBS will be to push for more store closures, but the tipping point for the directors and the lending banks will come when the stores don’t have products to sell,” said an “industry source.”
“This could happen if more suppliers follow suit.”
What do you think? Would you be sad to see GAME close?