Midway Receives Continued Listing Standards Notice from the NYSE

  
    
  
  
    
      Midway Games Inc. (NYSE: MWY) announced today that on November 14, 2008, 
      the Company received notification from the New York Stock Exchange 
      (NYSE) that it has fallen below the standard for continued listing of 
      its common stock on the NYSE that requires a minimum average closing 
      price of $1.00 per share over 30 consecutive trading days.
    
    
      Under NYSE rules, the Company has a period of six months from the date 
      of the notice, subject to possible extension, to cure the deficiency. 
      During this cure period, the Company’s shares will continue to be listed 
      and traded on the NYSE. The Company plans to notify the NYSE that it 
      will seek to cure the deficiency.
    
    
      The Company’s business operations and Securities and Exchange Commission 
      reporting requirements are unaffected by this notice.
    
    
      About Midway
    
    
      Midway Games Inc. (NYSE:MWY), headquartered in Chicago, Illinois, with 
      offices throughout the world, is a leading developer and publisher of 
      interactive entertainment software for major videogame systems and 
      personal computers. More information about Midway and its products can 
      be found at www.midway.com.
    
    
      FORWARD-LOOKING STATEMENTS
    
    
      This press release contains "forward-looking statements" within the 
      meaning of the Private Securities Litigation Reform Act of 1995 
      concerning future business conditions and the outlook for Midway Games 
      Inc. (the "Company") based on currently available information that 
      involves risks and uncertainties. The Company's actual results could 
      differ materially from those anticipated in the forward-looking 
      statements as a result of these risks and uncertainties, including, 
      without limitation, the financial strength of the interactive 
      entertainment industry, dependence on new product introductions and the 
      ability to maintain the scheduling of such introductions, dependence on 
      major platform manufacturers and other risks more fully described under 
      "Item 1. Business - Risk Factors" in the Company’s Annual Report on Form 
      10-K for the year ended December 31, 2007, and in more recent filings 
      made by the Company with the Securities and Exchange Commission. Each 
      forward-looking statement, including, without limitation, financial 
      guidance, speaks only as of the date on which it is made, and Midway 
      undertakes no obligation to update any forward-looking statement to 
      reflect events or circumstances after the date on which it is made or to 
      reflect the occurrence of anticipated or unanticipated events or 
      circumstances, except as required by law