Earlier this month, specialty retailer GAME Australia announced its voluntary administration. Today the company's accountancy firm, PricewaterhouseCoopers (PwC), confirmed that as a result, 264 GAME store employees and 17 members of staff at the organisation's head office had been dismissed.
A continuation of business for GAME Australia has not been ruled out, with various expressions of interest shown. However, as a result of today's news, the retailer will close 60 Australian stores.
The deadline for expressions of interest closed earlier this week. PwC's Meghan Senior revealed to GameSpot AU that "over thirty [expressions of interest] were made," adding that they will now "need to be assessed" and that the process will "take some time."
Employees will have their entitlements paid via a government scheme that is overseen by the Department of Education, Employment and Workplace Relations.
The following stores will be closed: