When you click on it there should be some kind of box come up after a few seconds which will start to install after that has finished you will be able to press play and it will then work
I press the PLAY in my Steam libary it says "preparing to launch Magicka" i wait awhile and nothing seems to happen and nothing happens.
How long do you leave it? If it's the first time of trying to run it should then prepare for set up and then run after that.
Can you give your system specs? Maybe also look in the steam folder and look in steamapps and look for the magicka folder and tell me whats in there.
I don't what are game specs. This is what is in my Magicka Floder: Content,Cursors,dependencies,reslists,42910_install.vdf,Interop.UPNPLib.dll,license_JigLibX,magicka,Steam_api_dll,XIntputHelper.dll,JigLibX.dll,License_XNAnimation,PolgonHead.dll,SteamWrapper.dll,XNAnimation.dll,ErrorReport_2011.02.06-0.5.35.55_(1).
It may be that your computer cannot run the game,it does require quite a good graphics card for a start,to find out what graphics card you have go to control panel and look under display and it will tell you what graphics card you have.
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