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Game Over?

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Game Over?

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jonbwfc

What's a life?

Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: Game Over?

MCV Says they'll be in administration in two weeks, unless a saviour is found.

Fri Mar 09, 2012 5:20 pm

paulzolo

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Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251

Re: Game Over?

This in today:
http://www.bbc.co.uk/news/business-17336697


	Quote: Struggling video games retailer Game Group has confirmed that a number of its suppliers are now refusing to do business with the company, sending its shares down 77%. Game said it was "working actively to resolve these issues as quickly as possible", but that it was unsure if its efforts would be successful.

The branch in town was full, as usual.

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Mon Mar 12, 2012 9:13 am

Fogmeister

I haven't seen my friends in so long

Joined: Thu Apr 23, 2009 7:35 pm
Posts: 6580
Location: Getting there

Re: Game Over?

paulzolo wrote:

This in today:
http://www.bbc.co.uk/news/business-17336697


	Quote: Struggling video games retailer Game Group has confirmed that a number of its suppliers are now refusing to do business with the company, sending its shares down 77%. Game said it was "working actively to resolve these issues as quickly as possible", but that it was unsure if its efforts would be successful.

The branch in town was full, as usual.

I bought SSX for the XBox from Game the other week.

I went in and the price was £29.99 (I think).

Had a look online and the prices were similar (to within a couple of pounds) so I bought it. Normally online will be £10 cheaper than in store so was slightly surprised.

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Mon Mar 12, 2012 9:24 am

jonbwfc

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Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: Game Over?

Game groups shares are down below 1P this morning. It's only a matter of time before trading gets suspended. Mass Effect 3 managed higher first week sales than the previous two games in the series combined, and that's without Game/Gamestation having any stock.

They're increasingly irrelevant, and increasingly doomed. I feel sorry for all the shop staff who will end up out of a job given the current situation but I won't miss Game as a shop at all.

Jon

Mon Mar 12, 2012 11:11 am

jonbwfc

What's a life?

Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: Game Over?

Game.co.uk 'down for maintenance' this morning, Gamestation.co.uk still up.

Mon Mar 12, 2012 11:35 am

paulzolo

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Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251

Re: Game Over?


	jonbwfc wrote: Game.co.uk 'down for maintenance' this morning, Gamestation.co.uk still up.

It’s back up. They need to see how much Sainsbury’s is selling the Vita for.

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Mon Mar 12, 2012 12:52 pm

JohnSheridan

Doesn't have much of a life

Joined: Mon Apr 27, 2009 9:10 pm
Posts: 1057

Re: Game Over?

Going going ......

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Mon Mar 12, 2012 1:35 pm

paulzolo

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Joined: Thu Apr 23, 2009 6:27 pm
Posts: 12251

Re: Game Over?


	Quote: LONDON, March 12 (Reuters) - Struggling British video games retailer Game, denied new titles by suppliers, has put itself up for sale and warned shareholders their equity in the firm could be worthless.

http://uk.reuters.com/article/2012/03/1 ... roducts-SP


	Quote: "We suspect that any potential suitor would prefer to wait for a formal administration process. Through a pre-pack the suitor would have much greater flexibility around store liabilities," said Singer Capital Markets analyst Mark Photiades. He advised investors to sell now rather than face losing out to a potential administration. ($1 = 0.6372 British pounds)

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	brataccas wrote: your posts are just combo chains of funny win

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Mon Mar 12, 2012 2:55 pm

jonbwfc

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Joined: Thu Apr 23, 2009 7:26 pm
Posts: 17040

Re: Game Over?

paulzolo wrote:


	Quote: "Through a pre-pack the suitor would have much greater flexibility around store liabilities," said Singer Capital Markets analyst Mark Photiades.

That's an interesting way of rephrasing "Will only have to pay a load of people a fraction of their redundancy money when they all lose their jobs".

Jon

Mon Mar 12, 2012 3:30 pm

Linux_User

I haven't seen my friends in so long

Joined: Tue May 05, 2009 3:29 pm
Posts: 7173

Re: Game Over?


	Quote: Game Group hit as some suppliers refuse to do business Struggling video games retailer Game Group has confirmed that a number of its suppliers are now refusing to do business with the company, sending its shares down 68%. Game said that while it was trying to resolve the matter "as quickly as possible", it was unsure if its efforts would be successful. Some analysts say Game may fail to pay a quarterly rent bill later this month. This increases the possibility of the company going into administration.

http://www.bbc.co.uk/news/business-17336697 :shock:

http://www.youtube.com/watch?v=dsx2vdn7gpY :lol:

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Tue Mar 13, 2012 12:06 am

pcernie

Legend

Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

Re: Game Over?

It's been suggested in the FT that they have funds for three more weeks. The amount of people I've told to use up their vouchers and you just know they won't be arsed :roll:

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Tue Mar 13, 2012 9:23 pm

cloaked_wolf

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Joined: Thu Apr 23, 2009 8:46 pm
Posts: 10022

Re: Game Over?

Have they dropped the price of their games?

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Tue Mar 13, 2012 9:26 pm

pcernie

Legend

Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

Re: Game Over?


	cloaked_wolf wrote: Have they dropped the price of their games?

If you get in quick or get lucky on older titles, otherwise no...

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Tue Mar 13, 2012 9:53 pm

pcernie

Legend

Joined: Sun Apr 26, 2009 12:30 pm
Posts: 45931
Location: Belfast

Re: Game Over?

http://www.computerandvideogames.com/33 ... me-rumour/

Dunno if that's good or bad in the long run...

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Wed Mar 14, 2012 8:50 pm

Linux_User

I haven't seen my friends in so long

Joined: Tue May 05, 2009 3:29 pm
Posts: 7173

Re: Game Over?


	pcernie wrote: http://www.computerandvideogames.com/339993/walmart-in-talks-to-buy-game-rumour/ Dunno if that's good or bad in the long run...

They'll ruin it, just like they did ASDA.

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Wed Mar 14, 2012 11:10 pm

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