GAME Struggles Continue, Enters Administration in Australia - NewsWilliam D'Angelo, posted on 15 May 2012 / 4,239 Views
In a report by the Sydney Morning Herald, video game retailer GAME has voluntarily entered administration in Australia. This is the equivalent to Chapter 9 Bankruptcy in the US. The retailer has 90 stores in Australia, along with over 500 employees. This may impact the customers with pre-orders, as well as GAME gift cards.
The retailer has also put a bulletin on its website. "Initially we will continue to trade all of the Company’s stores, operating these on as close to a 'business as usual' basis as is possible in the context of a voluntary administration whilst we get a clearer understanding of the current state of the business. This means that store hours will remain unchanged and all stores will remain open at this stage."
The bulletin continued that they "are still working to clarify the status of pre-orders. At this stage we are intending on honouring certain pre-orders placed on the Diablo III and Max Payne new releases.We will provide clarity on these and other new releases in due course. We are not able to refund customer deposits and customers who have paid a deposit for a pre-ordered item at this stage should continue to monitor the website for further updates."