Tough day for GAME
European games retailer GAME was hit by several pieces of bad news today, causing the share price to tumble rapidly by around 10 percent to just 89 pence.
GAME's profits dropped 27 percent from January 2009's gross profits, to 90.4 million GBP, which was still greater than analysts predicted by 2.9 million GBP.
Taking the heat for the sales crash, CEO Lisa Morgan and COO Terry Scicluna both announced their resignations with board member Chris Bell taking over as interim CEO.
The news came as the chain announced that some major releases will be delayed due to the disruption to air travel caused by the volcanic ash clouds. Both 2010 FIFA World Cup and the God of War Collection have been hit, as well as Nintendo's answer to LittleBigPlanet, WarioWare DIY.
- Thomas Was Alone gets a release date for PS4 and Wii U
- New Warframe update adds space-flight to the gameplay with Archwing mode
- New poll indicates that people believe online gaming is “the least welcoming space” for women
- CD Projekt RED releases The Trail, the opening cinematic from The Witcher 3
- New Project CARS trailer pulls up to the starting grid
- Far Cry 4 dev says linear games will suffer in the new world of gameplay video sharing
- Almost 1,100 developers, students and journalists sign the new #gamediversity petition embracing diversity in games
- Felicia Day breaks her silence about #Gamergate, is almost immediately doxxed
- Ubisoft announces PC specs for Assassin's Creed: Unity and they're killer