GAME Finally Files For Administration

High street retail chain GAME has finally announced that it has filed for administration, but the company says it will continue to trade for the time being. MCV reported yesterday that GAME were going to close its GameStation stores and start a new company, but GAME told the publication that this wasn’t true. Time to use up your left-over rewards and gift cards people.

“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.”

- GAME statement

GAME Has Just One Week To Raise £180m Or It’s Game Over

The Sunday Times is reporting that UK video game retailer GAME has to cough up £180 million to pay creditors or it will face administration. The publication says that GAME has a £21m rent payment due on Sunday, a £12m wage bill due soon afterwards, and that the company owes more than £10m in deferred VAT and £40m to various video game suppliers.

Here’s The Nintendo 3DS’ Newest Rival And It Costs £500

The rumoured NeoGeo X handheld that was revealed by Famitsu back in January is coming to the United Kingdom and is going to cost a whopping £500. The developer SNK has stuck a deal with Blaze to launch the system in the United Kingdom sometime during the second quarter of 2012. The device plays 20 pre-installed games and has a 4.3 inch LCD screen, 2GB of onboard memory, an SD card slot, an AV Out port and a slick black design.

GAME Is Up For Sale

GAME, the popular but troubled UK retailer, has put itself up for sale in an effort to avoid administration. GAME has put itself up for sale, as it desperately tries to raise cash to pay a quarterly rent bill which is due in a fortnight, according to the Sunday Times. As I reported earlier in the week GAME is currently having a huge fire sale to get rid of stock, and there’s apparently quite a few bargains to be had.

GAME Management Is Told To Brace The Possibility Of Administration

Troubled UK retail firm GAME has told its senior staff to brace for the possibility of administration by CEO Ian Shepherd. GAME is currently running what is described as a Fire Sale to get rid of stock. Several people have reported that they’ve managed to get hold of some bargains, so it could be worth your while popping down to your local store to grab yourself something on the cheap.

Bosses May Pull The Plug On UK Retailer GAME

UK news publication the Express is reporting that troubled UK games retailer GAME may close all of its stores. We already know the retailer has been in trouble as it cancelled all Mass Effect 3 pre-orders last week, and also stated that it wasn’t stocking Mario Party 9. Gamers were also left fuming after GAME cancelled everyone’s Last Story pre-orders.

“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 Express

Resident Evil Revelations Takes The UK Chart By Storm

Resident Evil Revelations which launched on Friday in the United Kingdom has entered the UK all-format charts at number six. Resident Evil Revelations is the seventh top-selling Nintendo 3DS title in the United Kingdom and sits alongside the likes of Mario Kart 7, Super Mario 3D Land and The Legend of Zelda: Ocarina Of Time 3D. The game launches in North America on February 7th .

Here’s The Best-Selling Wii Game Of 2011 In The UK

No, it wasn’t the brilliant Legend of Zelda: Skyward Sword that was the best-selling game of 2011 on Wii it was actually Zumba Fitness that successfully beat off all competition. Other games in the Wii top five include Wii Sports Resort and Mario Kart Wii but the Legend of Zelda: Skyward Sword was noticeably absent.

The Best Selling Wii Games in 2011
1. Zumba Fitness
2. Just Dance 3
3. Just Dance 2
4. Mario Kart Wii
5. Wii Sports Resort

Nintendo 3DS: Retail Is Now Selling Out Of Nintendo 3DS Consoles

UK trade publication MCV is reporting that retail outlets throughout the United Kingdom are now beginning to sell out of Nintendo 3DS consoles following the release of Super Mario 3D Land and Mario Kart 7. The Metallic Red Nintendo 3DS seems to be the most popular version, with other colours also in short supply.