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GAME forecasts £20 million sales boost

Published May 12, 2013 by |

Almost a year after coming out of administration, videogame retailer GAME is forecasting  £20 million in earnings.

GAME Chief Executive Officer Martyn Gibbs expects the chain to make the earnings over a twelve month period ending on 31st July 2013.

In accounts filed with Companies House and obtained by Telegraph, the company stated:

“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. 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.”

Capitex Holdings, who brought the chain out administration last March, is still owed £103 million by GAME having paid £2.6 million thus far.

However that hasn’t stopped GAME from looking to expand on the 300 stores that survived the administration process, as it told the Telegraph it plans to open eighteen new stores by 31st July.