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Pinnacle axes jobs as distributor enters administration

Pinnacle Entertainment, distributor of videogames and other products, has gone into administration, with the company confirming the lay-off of 94 staff.

BDO Stoy Hayward has been appointed as administrator for the company, and it's believed the redundancies have been made across all divisions, including games business Pinnacle Software.

"Following appointment and an initial review of the company, the administrators have regrettably had to make 94 staff redundant," said BDO. The company had around 350 staff.

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