Rumor: GameCrazy To No Longer Exist After This Month?

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There was a time when multiple video game retailers flourished across the country, ranging from GameStop to Electronics Boutique to Babbages/Software Etc. to GameCrazy. But these days, it's mostly all GameStop...perhaps entirely in the near future.

The latest rumor is a bleak one for GameCrazy, as evidenced by internal details and evidence accumulated by Joystiq. It seems that according to more than a few employees, the franchise may be closing its remaining 250+ locations before the end of the month. Movie Gallery owns GameCrazy and it seems the entire company filed for Chapter 7, which means the corporation is going through liquidation and although it'll be "business as usual for the next two weeks," GameCrazy may be done for good come the end of May. However, this supposed filing hasn't been confirmed as it hasn't yet showed up on Movie Gallery's stock page or in the SEC database. But that hasn't stopped some employees from referring to an "Important Closing Store Update" memo sent through the company on April 21, and furthermore, other GameCrazy workers are saying they won't take any more pre-orders past May 18. Therefore, if you believe all this to be true and you've got any deposits on titles coming out later in the year, you might be well advised to go and cancel those pre-orders.

But please bear in mind that none of this is official, and we're not specifically telling you to cancel your GameCrazy pre-orders; only do so if you choose to believe this information, and feel free to contact your local store to see if you can squeeze any info out of them.

5/2/2010 8:52:55 PM John Shepard

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