Update:

All GAME employees will be able to take advantage of the Australian Federal Government’s General Employee Entitlements and Redundancy Scheme (GEERS) to claim any owed moneys.

Original story:

Videogame retailer GAME closed 16 Australian outlets yesterday, and all remaining stores will close soon.

The chain, which entered the Australian market after finding success in the UK, is one of Australia's largest gaming retailers.

“In the interests of creditors, the 31 remaining GAME stores are to be closed over the coming weeks,” said Kate Warwick, administrator at PriceWaterhouseCoopers.

“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.”

GAME has begun a final clearance sale, and is offering 60 percent off the retail price of most stock. Online consumers including those in New Zealand can use the discount code “60off” at checkout.