Take Two has advise its shareholders of two big delays that will impact their earnings for the rest of the financial year. The upcoming Mafia II and Red Dead Redemption have both been delayed “to allow additional development time for the titles and to maximize their full potential in terms of the quality of the player experience and market performance.”

During Take Two’s second quarter financial conference call, CEO Ben Feder announced that BioShock 2 will release in Europe on Friday, October 30, while North American gamers will be returning to Rapturea little late on Tuesday, November 3.

The second episode of Rockstar’s promised downloadable expansions to Grand Theft Auto IV has been announced by Rockstar Games. The developer revealed the second DLC for GTA:4 as The Ballad of Gay Tony, which places you in the shoes of Luis Lopez, a “part-time hoodlum and full-time assistant to legendary nightclub impresario Tony Prince” (or “Gay Tony”), the bar mogul who made a number of appearances in GTA IV.

While Speaking at the Reuters Global Technology Summit in Tokyo last week, Capcom CFO Kazuhiko Abe has revealed that Resident Evil 5 has sold 5 million copies worldwide since launch.

Microsoft is sending a special Gears of War Xbox 360 bundle to Australia. Included in the bundle are copies of the original Gears of War and Gears of War 2. The console itself is the plain white Pro variety. But still 2 games, pretty nice bundle.

Infinity Ward has release it second trailer, the trailer has just premiere May 24 during the Eastern Conference finals , You can watch the trailer after the break.

Square Enix members has finally had an update which shows the construction of some huge Final Fantasy XIII advertisements in LA, GTA style. The posters clearly read “COMING 2010″, This also is a hint towards an appearance at E3 and according to their post, they have “big things” planned .

Details from the July issue of OXM have been leaked onto the Internet, the issue is full of Mass Effect 2 information along with some DLC talk for the first Mass Effect.

According to VG247, Codemasters has confirmed that its upcoming open-world racer, Fuel, has been delayed a week — putting the game out on June 5 in the UK, for the Xbox 360 and PS3, while the PC version is set to release soon after. It should be noted that VG247 is a UK website, so it’s unclear if this delay also applies to North America. For what it’s worth, GameStop lists the title for June 2, while Amazon maintains it will release on May 26.

GamePro is promising that its upcoming July issue will blow the doors off of the sequel to 2K’s undersea shooter, BioShock. Today the game cover of the issue has finally reveal Bioshock 2 Big Daddy in all his greatness.