GAME Australia goes into Administration

Following suit from its European cousin, GAME Australia has entered administration. While stores will remain open for the time being, all pre-orders have been cancelled and it has been announced that due to shipping issues, the chain would not be receiving any stock of the hotly anticipated RPG, Diablo III.

“Due to the appointment of an administrator to our business this morning, it is with regret that I inform you all that our stores will not be receiving any stock of diablo 3 (sic)”, said a text message sent to those that pre-ordered the game. “Because of this, we regrettably will be unable to fulfill any pre-orders. Also, we will be unable to refund any deposits paid towards a pre-order of diablo 3. If you need any more info, please email customerrelations@game.com.au”

Unfortunately, beyond signing on as an unsecured creditor, there isn’t much you can do. It’s unlikely to get you anywhere even if you do though, since there are banks and big lendors looking to regain more than just a pre-order deposit from the GAME Group, and they are first in line.

“Initially we will continue to trade all stores, operating these on as close to a ‘business as usual’ mode as possible whilst we get a clearer understanding of the current state of the business and actively pursue options to secure its future,” PricewaterhouseCoopers spokesperson Kate Warwick stated.

“Prior to our appointment, the company’s management had been exploring interest in investing in the business with a number of parties and we will look to see whether this interest can be harnessed to continue the business or part of it through the voluntary administration process.”

While we might not see such an epic struggle for redemption in the Aussie branch of GAME as we did in the UK, that part of the business now enters the stage where it’s hoping for a buyer. It’s been said that some businesses have been courting GAME Australia for the past few weeks, but no information as to their identity has yet been revealed.

Source: Eurogamer

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