Welcome back gamers.  We made it through yet again another week, another month, and believe it or not another quarter?  Right, with the end of which, there seems to be a bit of sad news coming out.  Let’s take a look what exactly was going on.

GAME, the UK gaming retailer, closed its first of many stores this week.  A total of 277 stores of 609 have already closed their doors.  With more stores expected to fall in the near future, this is having an impact on the brick and mortar locations to purchase video game necessities.  In addition to the stores being closed, the site is down stating that the company is in administration and they hope to be up and running soon.  As we have said in the past, time will tell the fate of GAME.

THQ this week announced that it cut 120 jobs in two different studios.  A total of 79 employees were released from Darksiders 2 development team Vigil Games, and 39 positions have been lost at Vancouver-based Relic Entertainment.  This news is after THQ announced that Warhammer 40,000: Dark Millennium would end up being a single-player game with multiplayer elements instead of the intended MMO.  ”Vigil Games will continue to focus on both this game and the critically-acclaimed new title, Darksiders 2, scheduled for release this summer,” reads a statement issued by THQ.  ”Relic Entertainment continues to focus its development expertise on THQ’s franchises including Company of Heroes and Warhammer 40,000: Dawn of War.”

SEGA this week announced that is plans to cancel to upcoming titles and cut jobs in an attempt to “streamline and refine their video game businesses in Europe and the US.”  SEGA’s parent company SEGA Sammy released the following statement: “The Consumer Business centred on Sega Corporation is expected to post operating loss in the year ending March 2012, due to the challenging economic climate and significant changes in the home video game software market environment in the US and Europe. Given this circumstance, the companies determined that in order to actualise earnings recovery of the Consumer Business in the following period and after and return to a growth path, it is essential to streamline organisations in the field of home video game software in the US and European markets, while shifting to a structure that corresponds to change in environment, including strengthening development in the field of digital content.”

In happier news, Mortal Kombat for the Sony Playstation Vita has been given a release date.  The reboot of the popular fight franchise will hit selves in North American on May 1 and Europe on May 4.  The port includes content from the home console release last year, including Kratos from God of War and add-on characters Skarlet, Kenshi, Rain and Freddy Krueger.  The Vita release will content exclusive content including touch screen fatalities and 150 new challenge tower missions.

That’s it for this week, check back to Zero1Gaming.com for more news, reviews and more!