Atari Files “Chapter 11″ for its American Operations

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A sad day for gamers, as Atari has filed for bankruptcy. Founded in 1972, Atari was one of the first video game pioneers, and is known for such popular games as Pong, Asteroids, and Centipede. The company has filed Chapter 11 in a U.S. Bankruptcy Court in Manhattan due to “adverse trading conditions and limited development funds.” However, it’s not just the American branch feeling the harsh financial times but the European as well. The company’s European operations has filed similar bankruptcy procedures in French courts. CFO Robert Mattes said, “In light of the current situation, we have decided to take what we think is the best decision to protect the company and its shareholders.”

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Atari’s U.S. operations has increasingly shifted to focus on developing digital games and licensing. That division has outperformed the rest of the company. However, Atari’s board in a December 27th statement noted a “difficult market environment in online and mobile games,” which it said was “affecting all players”. In closing, I am sure every gamer from my generation can remember playing Atari games. Whether it was from an older brother, sister, or cousin, we can all recall the sheer fun and enjoyment of these simpler times.

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