The Australian branch of embattled U.K based retailer GAME has entered administration the company confirmed this afternoon. In the short term this means that the company will not be stocking somenew titles such as Blizzard’s upcoming Diablo III. Along with this announcement they also announced that they will be unable to refund customer’s fully paid or partially paid pre-orders.
Entering administration doesn’t mean an immediate end to GAME’s operations downunder. It would be fair to compare the process to bankruptcy protection in the United States. Essentially administration gives GAME a window of time work out agreements with their various creditors.Read More