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The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing. Mgm news today The free newsletter covering the top industry headlines
On Sunday, vital systems to casino and hotel functions slowly began going offline, including slot machines, hotel and dining reservations, websites, and emails. In a Monday statement, MGM downplayed the extent of the issues and said their dining, entertainment, and gameplay remain operational. Casino guests seeing long lines, delays after brief computer issue at MGM Resorts MGM is asking that Khan be disqualified from participating in the investigation because she and an aide were guests at the MGM Grand in September when the cyberattack — that cost the company an estimated $100 million — was unfolding.
MGM released an updated statement just before 9 p.m. on Monday: Sports Overview All Taxes
Despite the challenges MGM is facing, Hornbuckle is “optimistic” about Vegas’ growth in the fourth quarter and beyond. He pointed to Formula 1's inaugural Las Vegas race, scheduled for next week, as one growth driver. Hornbuckle predicts MGM will do $16 million in incremental hotel revenue for the weekend of the Formula 1 race, 50% more than any other event. Join Over Half a Million Premium Members Receiving… “MGM Resorts recently identified a cybersecurity issue affecting some of the company’s systems,” the company said in a statement that pointed to an investigation involving external cybersecurity experts and notifications to law enforcement agencies.