Пробуйте:
Finally found out what was causing my game not to launch, and was such a simple fix.
After removing the spaces from the folders so it appears like this:
\Steam\steamapps\common\maxpayne3\MaxPayne3
The game would launch but only briefly show some legal text screen then crash back to the desktop.
Then i created this missing file in my Max Payne 3 folder:
http://i.imgur.com/x5rDL.png
Note you have to launch the game from the .exe directly, can't launch via Steam (Steam still needs to be running first though).