GAME are still in the process of paying off their debts, and plan to open 18 new stores over the next couple of months.
MCV reports that GAME owes owners OpCapita £103 million after they brokered a deal to save the company, of which they've paid £3.2 million in interest. The Telegraph also suggests that they made an £18.2m loss in the months since the buyout, which makes for slightly grim reading considering the amount they've shelled out and have yet to repay.
However, GAME are still positive that the brand will continue to grow. GAME boss Martyn Gibbs expects the company to make £20m in profit for the year ending July 31st 2013, and intends to open 18 new stores in that time.
"Having restored like-for-like market share to levels in line with the former Game Group, the outlook for the business is positive with a strong line-up of AAA releases and the launch of the new Wii U available to support a healthy Christmas trading period," says Gibbs. “In 2013, there is much anticipation around the release of Grand Theft Auto V and the company looks forward to further new hardware releases from Microsoft and Sony in coming years.”