The RBS bid for what remains of GAME and Gamestation's business could be finalised as early as tomorrow, as administrators provide a full list of currently open stores.
UK retailer GAME could be out of administration by tomorrow according to the latest industry rumours, with the bid led by former lender RBS (Royal Bank of Scotland) looking the most likely to be accepted.
GAME officially went into administration on Monday, at which point 277 GAME and Gamestation stores were immediately closed and around 2,000 people made redundant. There's now seems no way those stores can be saved, but the future of the remaining 333 is looking a lot brighter than earlier in the week.
According to 'multiple sources' speaking to website MCV the deal by RBS is very close to being accepted by administrators, rather than alternative offers from US chain GameStop and Comet owners OpCapita.
Nothing official has been announced yet though and even if the rumours are true the deal could still fall through. RBS were a former lender to GAME and their refusal to grant more favourable credit insurance precipitated the company's downfall.
That in itself isn't controversial, given GAME's shaky financial ground at the time, but insiders have suggested that RBS blocked a bid of OpCapita that would've saved all of GAME's workforce. If that's ever proven true then the political fallout could be considerable.
The assumption now is that if RBS's deal goes through it will look to reorganise and rebrand GAME and Gamestation with fewer stores around the country. Publishers are already calling for the chain to diversify and model itself more on Apple stores than the old second-hand obsessed model.