GAME Administrators to Recommend Company Liquidation

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GAME Administrators to Recommend Company Liquidation

Unread postby News Portal » 9 Jun 12, 11:23 am

GAME Australia has been closing stores all over, with only a few remaining active in each state. Now even those are looking likely to wind up, with GAME's administrators, PriceWaterhouseCoopers, to recommend to shareholders that the company be liquidated. "The Company is insolvent," reads the report, "and we do not consider it to be in the creditors interests that the administration end and the Company is returned to the directors." Previously, the administrators had been discussing a purchase of the company "with interested parties", but those discussions must now be presumed to have failed.

Source: GAME (Thanks to PalZer0 for sending this in!)

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Re: GAME Administrators to Recommend Company Liquidation

Unread postby Trixxter » 9 Jun 12, 2:07 pm

Damn that was quick. Now sell me a PS Vita Cheap! D:
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Re: GAME Administrators to Recommend Company Liquidation

Unread postby Joshsux » 12 Jun 12, 1:18 pm

It sucks that Game was better and cheaper than EB, But nobody shopped there.

Trixxter wrote:Damn that was quick. Now sell me a PS Vita Cheap! D:



+1 I'll buy one for $150-$200 and just chuck it on the shelf!
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Re: GAME Administrators to Recommend Company Liquidation

Unread postby Jez » 12 Jun 12, 2:02 pm

Joshsux wrote:It sucks that Game was better and cheaper than EB, But nobody shopped there.


The only one I went to (in Sydney) never seemed to have very good prices, but then nearly all retail game prices in Australia are pretty lousy most of the time. I did buy a GAME brand Xbox 360 play and charge kit off them for ten dollars or so, but it now seems to no longer work. XD
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Re: GAME Administrators to Recommend Company Liquidation

Unread postby Disco LT » 12 Jun 12, 2:12 pm

My local went from operating as normal with no sales, to closed completely with no inbetween :(
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