GAME Australia has confirmed this morning's news that it is entering administraion, with PricewaterhouseCoopers selected as administrators. Stores will remain open in the short term as potential buyers are sought, and pre-orders for big games should be honoured.
"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," said Kate Warwick of PwC.
"We are working on schemes aimed at giving customers some return on these claims if they are used to make additional purchases," she said in regards to pre-orders and customer rewards cards.
Meanwhile, GAME has released a statement to customers who currently hold pre-orders.
We 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," it says.
It's especially important to monitor the situation if you pre-ordered Diablo III, as we've heard conflicting reports that suggest GAME won't be stocking it. That could be incorrect, or there's the possibility it will only purchase enough to fill pre-orders.
"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."
By Ben Salter - Bio