GAME stores' shares plummet by 90% in one year

GAME's share value has dropped by 90% in one year, it has been revealed.



The firm, who operates over 600 GAME and GameStation stores nationwide, was worth £261.46 million a year ago, and now has shares worth £23.58m, according to Eurogamer.

It was added that its turnover remains at £1 billion annually, and that the video game market as a whole has shrunk by around 12% since last year.

Meanwhile, MCV has reported that following a recent downgraded revenue forecast for the year, it's seen share values sliced in half from 14.025p to 6.62p in a single week.

GAME remains a significant partner with publishers, offering lavish launches and nationwide store openings for big releases.

Modern Warfare 3, Battlefield 3 and FIFA 12 saw nationwide launch events in the last few months.

GAME also announced itself as the retail partner for cloud gaming service OnLive.