Gamers in the UK may remember earlier this year when Game (Who also owns the chain; “Game Station”) went into administration. With news breaking that Comet has collapsed many looked towards Game as they are both owned by OpCapita.
Game CEO Marty Gibbs set to assure gamers by saying that the retailer is doing well and is set to make £20 million by the end of the current financial year.
It isn’t all flowers and roses however as Game still has £106 million of loans held in the form of “payment in kind” notes. The Sunday Telegraph calculated that Game could be making annual interest payments of £10 million.
Do you think that the Game chain will continue to survive?
[Source: Euro Gamer]