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GAME over: retailer in administration in Australia

The video game retailer GAME has on Monday gone into voluntary administration in Australia, putting at risk the jobs of more than 500 employees in its 92 stores.

The development may also have a negative impact on customers with pre-orders, while those holding GAME gift cards now face added restrictions such as a requirement to buy a minimum number of items with cash before using them.

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.