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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 […]
Legal
October 16, 2023
MGM Player Seeks Damages after Losing Millions Because of a Spiked Drink
Dwight Manley, a 57-year-old real estate executive and a prominent high roller, is taking MGM Resorts to court. According to him, a spiked drink caused him to lose adequacy and wager away two million dollars. Manley alleges that the MGM staff did nothing to prevent his losses other than offering him credit. Manley, a long-time […]
Casino
October 16, 2023
MGM’s Hornbuckle Expresses Optimism for UAE’s Emergence as Casino Hub
In a speech at the Global Gaming Expo (G2E) in Las Vegas, MGM Resorts International CEO Bill Hornbuckle expressed his optimism about the United Arab Emirates (UAE) becoming a hub for casino resorts. MGM’s Dubai Casino Project Awaits UAE Approval Hornbuckle, during his address at G2E, stated that MGM Resorts is actively working on 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 […]
Business
October 11, 2023
The BetMGM Tie-Up between Entain and MGM Resorts May Not Last Forever
BetMGM is one of the world’s biggest and most influential gambling brands. A joint venture between MGM Resorts International and Entain, the operator continues to expand its global presence in key regulated markets. However, the current 50/50 ownership arrangement between its two parent companies may not be everlasting. During a recent speech at the Global […]
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 4, 2023
MGM Resorts Sponsors Las Vegas Pride Parade for 17th Consecutive Year
Leading global hospitality and entertainment company MGM Resorts proudly announced its continued support for the LGBTQ+ community by returning as the presenting sponsor of the annual Las Vegas Pride Parade. This iteration marks the 17th consecutive year of the operator sponsoring the event, demonstrating its unwavering commitment to promoting inclusivity and equality. The Company Has […]
Legal
September 26, 2023
Concerned Customers File Lawsuits against MGM and Caesars Following the Cyberattacks
Caesars Entertainment and MGM Resorts International recently suffered devastating cyberattacks. The latter company was forced to shut down many of its systems for several days, while Caesars was allegedly forced to strike an agreement with the hackers. The two gambling giants’ woes are not over yet as new lawsuits allege the pair failed to protect […]
