Gamespot has just gotten word from PwC that all remaining GAME stores are set to be closed. 16 stores will be closed immediately, with the remaining 15 being closed in the coming weeks.
"In the interests of creditors, the 31 remaining Game stores are to be closed over the coming weeks and a final closing down sale has commenced with discounts of up to 60 percent available in-store and online," said administrator Kate Warwick, in a statement sent to Gamespot
"This is a difficult time for employees and closing the stores was not a decision we made easily. Despite exploring available opportunities for continued trading, the ongoing trading performance and absence of viable offers for the purchase of the business has resulted in these closures."
That "absence of viable offers" also most likely means that PwC's recommendation of liquidation will be presented to creditors today and voted upon. It looks as though GAME will almost certainly go into liquidation at this stage.
GAME Australia to shut all stores [GameSpot]