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Business
October 20, 2023
Deutsche Bank Analyst Optimistic about MGM after Cyberattack
The leading gaming, hospitality and entertainment giant, MGM Resorts International, became a victim of a cyberattack back in September. At the time, the operator confirmed issues with bookings, hotel electronic doors, some slot machines, as well as other amenities. After the initial attack, MGM was able to recover and resume its operations while at the […]
Industry
October 19, 2023
MGM Executive Discusses Company’s Response After Cyberattack
Recently, two leading gaming, hospitality and entertainment companies, Caesars Entertainment and MGM Resorts International, became cyberattack victims. The cybersecurity issue significantly impacted MGM Resorts’ operations last month, resulting in missing amenities, difficulties with reservations and other issues. As with most such cyberattacks, hackers requested MGM Resorts to pay ransom to which the company did not […]
Business
October 17, 2023
Analyst Trusts MGM Resorts Shares to Hit $69 despite Recent Cyberattack
Several weeks ago, the casino giant MGM Resorts suffered a devastating cyberattack that forced it to shut down multiple systems. In the wake of the attack, the company was warned that its credit score might be lowered while its stock plummeted. Equity analyst David Katz, however, is optimistic that the casino juggernaut will make a […]
Industry
October 12, 2023
MGM Resorts Emails Rewards Members after September’s Cyberattack
Last month, MGM Resorts International was the victim of a devastating cyberattack. The unprecedented security issue temporarily impacted the operator’s business. Different reports and gaming industry experts suggested the company has been losing millions due to the cyberattack. Now, it appears MGM Resorts has started emailing customers whose stay was impacted by the cyberattack from […]
Industry
October 9, 2023
Caesars Offers Two Years of IDX Services to Compromised Data Victims
Several weeks ago, Caesars Entertainment was hit by hackers in a devastating cyberattack. The company was allegedly forced to pay millions to the hackers. However, customer data was compromised during the process, according to a Caesars SEC filing. Because of that, the casino giant will try to make up by offering two years of IDX […]
Business
October 6, 2023
MGM Resorts Cybersecurity Issue to Impact Q3 2023 Earnings
MGM Resorts International has revealed that the recent cybersecurity incident, which caused widespread disruptions across its North American operations, will have significant repercussions beyond damage to its reputation. The attack caused chaos and confusion among clients, with an upcoming lawsuit already in the works. Data breaches further exacerbated the issue, giving the hackers access to […]
Industry
October 2, 2023
Cybersecurity Experts Warn about Dangers of Security Breaches
Last month, two of the largest gambling operators on the Las Vegas Strip, MGM Resorts International and Caesars Entertainment, became the victims of unprecedented cyberattacks. While Caesars may have paid a ransom in light of the attack, MGM Resorts did not, which temporarily impacted its operations back in September. At the time, a cybersecurity expert […]
Casino
September 21, 2023
MGM Recovers in the Wake of a Devastating Cyberattack
American gambling and hospitality juggernaut MGM Resorts International recently suffered a devastating cybersecurity issue that forced it to shut down computers and websites and crippled its operations. In one of its latest statements, the company revealed that its properties are now operating normally. MGM Resorts informed consumers that its employees are ready to help guests […]
Industry
September 20, 2023
Caesars and MGM Are Not the Only Victims of Hackers, Okta Says
Two of the biggest gambling companies in America, Caesars Entertainment and MGM Resorts International, recently became targets of cyberattacks. Hackers likely related to the ALPHV and Scattered Spider groups breached the companies’ cyber defenses, taking hold of valuable data. New reports, however, show that Caesars and MGM Resorts weren’t the only victims, Reuters reported. The […]
Industry
September 19, 2023
Cyberattack against MGM May Cost Millions per Day, Expert
Earlier this month, Caesars Entertainment and MGM Resorts, two major players within the gambling sector, became victims of cyberattacks. In light of this, Caesars reportedly paid millions to hackers after it was extorted, while MGM Resorts did not agree, which resulted in the disruption of its operations. Monday marked the eighth day MGM Resorts has […]
