ESWC Bankrupt on CompLexity Gaming

ESWC Bankrupt: Posted by: 1 on April 5th, 2009

3312 Views
15 Comments

In shocking news it has been revealed today that Games-Services, the parent company of ESWC, is undergoing judicial liquidation (bankruptcy).

According to this document first revealed by team-aaa.com, the case was filed March 3, 2009.

We contacted Games-Services for a statement and they provided us with the following:

Paris, April 5, 2009

Games-Services SA ceases all activities. Its liquidation has been pronounced by the Commercial Court of Paris March 30, 2009. In consequence, all the employees and managers have been relieved from their duties and laid off April 2^nd, by the adjudication. The process of liquidation, which is starting this week, will notably organize the potential trade-in or resale of the company’s assets including the Electronic Sports World Cup and Overgame.

Following on the heels of the recent MYM bankruptcy news this is definitely bad news for the international eSports scene that is struggling in the global economic crisis. ESWC had previously announced the global final would be postponed to a later date, but this newest information casts serious doubts as to the future of the organization.

Stay tuned for all updates as they occur.

Source: team-aAa

Comments

#1 on 04/05/09 at 1:10 PM

analyze

Another blow to gaming... LAN events are dropping like flies.

#2 on 04/05/09 at 1:12 PM

jdubya`

Wow, never saw this one coming. I had a slight hint of it with the postponement but an all out bankruptcy is mind blowing.

#3 on 04/05/09 at 1:18 PM

JetBlk

Online
Quote

#4 on 04/05/09 at 1:21 PM

Rainman

holy shit..

#5 on 04/05/09 at 1:23 PM

Hayo

Woah, I didn't expect them to file for bankruptcy... That's a major bummer, was my favorite LAN Event to watch.

#6 on 04/05/09 at 1:31 PM

JaX

ESWC was an amazing event to attend. This is really terrible news. It's going to be tough for some E-Sports leagues to ride out this recession, lets just hope that when it's over, we will see a few still standing and a few coming back.