GAME in process of paying debt, to open 18 stores

Tuesday, 7th May 2013 15:16 GMT By Stephany Nunneley

GAME has paid off paid private investment firm OpCapita and its backers £3.2 million in interest and “monitoring fees” toward the £103 million it owes the firm after brokered a deal to get the retailer out of administration. The figure was paid towards the balance in four months and the remaining balance will have 7.5% interest rate attached. GAME boss Martyn Gibbs told The Guardian the chain is expected to make £20 million in profit for the period ending July 31, and it plans to open 18 new stores during that time. Thanks, MCV.

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  1. sg1974

    Very good news. Whatever you think of GAME, it is important for there to be a strong ‘bricks and mortar’ presence in gaming. Good for high street jobs also. Let’s just hope their owners pay the corporation tax due…

    #1 1 year ago
  2. dravenkaze

    ^^ what you say is true, but they fo suck and are a rip off shopto all the way

    #2 1 year ago