Even more conclusive is this page on the Virgin site for a ModNation Racers "Online Tournament" for Canadian gamers, held in coordination with GameStop and EBGames' Canadian branches. When contacted by Joystiq, Virgin declined to comment on its business as it relates to game tournaments -- so we'll continue holding out hope that tournaments will be merely a side project, and the real business of Virgin Gaming will be to publish a Color a Dinosaur sequel.
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