Midway Slips as it Exits Arcade Games Business - TheStreet

Midway Slips as it Exits Arcade Games Business

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Midway Games (MWY) was down 4.3% in late morning after it announced that it will exit the coin-operated video game market and focus exclusively on home games. Midway said it will lay off fewer than 60 people and take a charge of less than $8 million in the current quarter. The company said the market for coin-operated arcade games has been declining.