Game to file for administration

At a quick glance, it looks like it could be “game over” for the video game console business. Sales of consoles in the U.S. dropped 21% in 2012 to just over $4 billion, and the figures from the manufacturers of the three top systems were lackluster over the crucial holiday season.  When announcing its quarterly earnings last month, Microsoft said its Xbox division revenue dropped 29%. At Sony, lower PlayStation 3 and PSP sales were responsible for a 15% drop in revenue for its video game division.

At a quick glance, it looks like it could be “game over” for the video game console business. Sales of consoles in the U.S. dropped 21% in 2012 to just over $4 billion, and the figures from the manufacturers of the three top systems were lackluster over the crucial holiday season.  When announcing its quarterly earnings last month, Microsoft said its Xbox division revenue dropped 29%. At Sony, lower PlayStation 3 and PSP sales were responsible for a 15% drop in revenue for its video game division.

Struggling British video games retailer Game has put itself up for sale, as it tries to raise cash to pay a quarterly rent bill due in a fortnight, the Sunday Times reported. The paper said Rothschild ...

LONDON (Reuters) - Struggling British video games retailer Game has put itself up for sale, as it tries to raise cash to pay a quarterly rent bill due in a fortnight, the Sunday Times reported.

Shares in computer games retailer, Game Group, fall sharply after it reports a big decline in sales.

Half-year losses at video games retailer Game Group more than double in what it calls a "tough year" for the industry.