The end has come for UK retailer GAME after the GAME Group was delisted from the London Stock Exchange and filed for administration.
GAME UK said it's board sees "no equity value left in the Group" and as such wanted it taken off the stock market.
In a statement released to the press, GAME UK said: “Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the ongoing and regular discussions between GAME and its lending banks and between its lending banks and a potential third party provider of finance to the business.
"The Board now considers itself to be unable to assess the business’s financial position, and is of the opinion that there is no equity value left in the Group. Therefore the Company has requested that the listing of its securities on the Main Market ofLondon Stock Exchange plc be suspended from trading with effect from 7:30am today.
"The Company will provide a further update in due course.”
The retailer will continue trading for the time being and the 6000 GAME staff have been assured that they will be paid what they've earned.
GAME Australia has declined to comment at this stage, although it is important to note that GAME Australia operates independently from GAME UK.