GAME CEO Martyn Gibbs backs Game Retail owners OpCapita following the Comet collapse into administration-- telling The Telegraph the retailer is in "good shape."

According to Gibbs GAME is set to make £20 million in earnings (before interest, taxes, depreciation and amortisation) in the financial year ending July 2013.

Apparently games such as FIFA 13, Halo 4 and Assassin's Creed 3 helped the retailer. Gibbs claims GAME UK market share totals around 35%, despite operating from around half the number of stores.

The retailer also opened new stores in Reading, Manchester and Sheffield.

“I have all the cash I need to trade through peak [period]. There has been nothing that I tabled that I didn’t get investment for. I can’t ask for more,” Gibbs continues, before adding that interest payments to OpCapita are "not at all" impeding the business.

OpCapita loans to GAME total £106m-- and GAME operates without credit insurance, one of the reasons for the Comet collapse.

OpCapita bought Game from administration back in April 2012, taking over all GAME UK assets including 333 UK GAME and Gamestation stores.

Go GAME Group £20m Lift Despite Fears Over Comet Links (The Telegraph)