MIDWAY AND GAMESPOT ANNOUNCE "ULTIMATE MORTAL KOMBAT FANATIC" CONTEST

Fans to Create Short Films Proving Why They Deserve to be Named the Most Hardcore Mortal Kombat Fan; Grand Prize Winner to Face–Off Against Franchise Creator, Ed Boon, in San Francisco

First Mortal Kombat Title for Nintendo Wii™ Scheduled to Ship in Q1 2007

CHICAGO – August 28, 2006 – Midway Games Inc. (NYSE: MWY), a leading interactive entertainment industry publisher and developer, today announced that it has teamed with GameSpot, a leading source for trusted gaming content and community (www.gamespot.com), to bring fans "The Ultimate Mortal Kombat Fanatic" contest, a competition which allows fans to create unique and creative short films showcasing why they are the biggest Mortal Kombat fan. GameSpot will serve as the contest's host site and will feature the user–generated films throughout the duration of the competition. GameSpot staff will judge the entries and one grand prize winner will receive a trip to San Francisco, CA, and the chance to challenge Ed Boon himself at Mortal Kombat®: Armageddon™ at the GameSpot offices in San Francisco. The contest is scheduled to begin on Monday, September 18th, and run through Friday, October, 6th.

"We are very excited to be teaming up with GameSpot and to be utilizing the new User Video feature, specifically, for this contest," said Steve Allison, chief marketing officer, Midway. "Midway is asking our passionate and loyal fan base to tap into their creative imaginations and to create short films that are inspired by the Mortal Kombat universe. The entries can range from serious to tongue–in–cheek; we just want to see what the fans can come up with. By entering the competition, fans will get a chance to share their work with the rest of the world in a big way via one of the most popular videogame sites around. We're eagerly looking forward to seeing the ingenious works that we believe the community is capable of creating."

"Midway's 15–plus years of stewardship of the Mortal Kombat® franchise on nearly every imaginable gaming platform has ensured that this series has been one of the most popular fighting franchises on GameSpot," said Henk Van Niekerk, vice president of GameSpot. "This User Upload contest is the type of video event that fighting gamers of all ages can really rally around. It's a chance to show off their skills in front of an audience who will truly appreciate their work."

Midway's Mortal Kombat: Armageddon is scheduled to ship for the PlayStation®2 computer entertainment system and the Xbox® video game system from Microsoft on October 9, 2006. Midway is also planning to ship Mortal Kombat: Armageddon for the Nintendo Wii™ in Q1 2007. More details on the Wii version will be available later this year.

About the "Ultimate MK Fanatic" Contest

No purchase or payment will be necessary to enter or win the contest and the contest shall be void where prohibited. The contest is scheduled to begin on September 18th and end October 16th, and will be open to legal residents of the 50 United States or the District of Columbia, at least 18 years of age or older. The grand prize winner will receive roundtrip airfare for two to San Francisco to visit GameSpot's studios during the live broadcast of the Mortal Kombat Armageddon tournament finals and will have the opportunity to meet Mortal Kombat's creator, Ed Boon. The grand prize winner and three runner–ups will also receive a copy of Mortal Kombat Armageddon signed by Ed Boon. Additional eligibility requirements and prize restrictions will apply. Visit www.gamespot.com for additional details in the coming weeks.

About Mortal Kombat: Armageddon

Mortal Kombat: Armageddon –– the latest chapter in the award–winning video game fighting franchise. With the most complete roster ever, including every character from the Mortal Kombat fighting universe, revolutionary Create–A–Fighter and Create–A–Fatality modes, plus a new Konquest mode, Mortal Kombat: Armageddon promises to be the most complete, intensely lethal, fighting experience ever!

For more information about Mortal Kombat: Armageddon, please visit www.midway.com.

About GameSpot

Celebrating its 10–year anniversary in 2006, GameSpot's ( www.GameSpot.com) expert editorial team provides more than a million daily visitors with comprehensive, engaging, and unbiased game information for console, PC, and portable platforms. The site's award–winning coverage includes previews and reviews on the hottest titles, breaking news, live Web casts, online tournaments, game downloads, videos, guides, hints, and more. GameSpot also has one of the most active online gaming communities fueled by a free, innovative social networking service that makes it easy and fun for gamers to meet and interact with other like–minded enthusiasts. The GameSpot family includes GameFAQs, Game Rankings, and GameSpot Trax, the industry's premier real–time market intelligence tool. GameSpot is part of CNET Networks Entertainment division which includes MP3.com, TV.com, and Metacritic.com.

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.

MORTAL KOMBAT: ARMAGEDDON, and MIDWAY are trademarks or registered trademarks of Midway Amusement Games, LLC. "PlayStation" and the "PS" Family logo are registered trademarks of Sony Computer Entertainment Inc. Nintendo Wii is a trademark of Nintendo ©2001 Nintendo. All other trademarks are the property of their respective companies.

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. The Company's actual results could differ materially from those described in the forward–looking statements as a result of a number of risks and uncertainties, including, without limitation, the performance of the interactive entertainment industry, dependence on new product introductions and the ability to maintain the scheduling of such introductions, the current console platform transition and other technological changes, dependence on major platform manufacturers and other risks more fully described under "Item 1A. Risk Factors" in the Company's Annual Report on Form 10–K for the year ended December 31, 2005, and in other 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 the Company 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.