UPDATE: GAME have issued a statement to Eurogamer saying that the Vita launch will be unaffected by the current difficulties and have guaranteed that Sony's new console will launch in GAME.
"In terms of things further out like Vita, as you'd expect we're working closely with our industry partners and have got big plans for those launches. [...] There are pre-order campaigns in store. We're very excited about it. Yes [we can guarantee Vita will launch in GAME]. We have big launch plans for Vita."
Everyone's favourite purple, high street games retailer - GAME - is reportedly currently facing a number of financial issues, with the most immediate concern being the difficulty in obtaining credit insurance from a number of publisher agencies. The retailer is now working with a number of individual publishers to try and resolve its growing financial issues, internally "reassured by how supportive the games industry has been thus far".
Reports issued by both MCV and NowGamer shed light on the situation this morning, with the latter saying that a source told them that GAME "lost credit assurance with most of its publishers", and the former stating the same, confirming that "GAME is facing challenges regarding its credit insurance and that its financial landscape has changed significantly since the beginning of the year".
NowGamer also reported that GAME had debunked the rumours of staff not having been paid, with Simon Soffe, Communications Director for Game Group, issuing a statement to the site this morning saying that pay is "up to date as of yesterday" adding that the new releases for this week - the likes of Final Fantasy XIII-2, Metal Gear Solid HD Collection and Soul Calibur 5 - "are currently moving through Game's distribution centres for launch on Friday".
That said, both Konami's MGS HD and NeverDead are currently not listed (links lead to a "500 Error" at the time of writing), with the company themselves refusing to comment. We had noticed that there was a hiccup in SoulCalibur V being listed on the retailer's site - not there yesterday or the day before, but it's back again today.
Future new releases are in jeopardy, though, with reports of the retailer turning away pre-orders for Mass Effect 3 and a publisher executive telling MCV that "No credit from the agencies means no stock for the stores. It’s going to get worse before it gets better."
With the Playstation Vita due for launch next month, and the likes of Mass Effect 3, Twisted Metal and SSX, this does not bode well.