Bad news for all gamers in Australia. The video game retailer GAME has today gone into voluntary administration putting a risk the jobs of more than 500 employees in its 92 stores.
GAME appears to be a victim of the soft general retail environment coupled with the fact that many gamers now buy titles from overseas stores for much cheaper via the web - or directly from publishers as a digital download using services like Steam. Other more casual gamers are increasingly moving to cheaper game apps that they download through their smartphones and tablets.
So what will happen to GAME from here on? We are not sure as of yet. However, right now GAME has an appointed administrator PricewaterhouseCoopers (PwC) which states that GAME will continue to trade on an "as close to business as usual" basis while PwC gets a "clearer understanding of the current state of the business".