Lest we needed convincing that it's been a good Christmas for the games industry, GAME has upped its profit forecast for the fiscal year up to January 31st.

The retailer has said that its profits will be "not less than £70m" before non-recurring costs and tax. That compares to £29.5 million for the previous year.

The "non-recurring costs" in question relate to the company's acquisition of GameStation. Compliance with the Competition Commission's investigation into the merger is expected to cost £4.5 million, while integrating the two companies is expected to cost £3.5 million.