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MGM Resorts reveals negative impact of $100 million from cyberattack

6th October 2023 1:08 pm GMT
MGM Resorts

MGM Resorts International has revealed that the recent cybersecurity issue affecting its US systems will cost the company approximately $100 million.

The company said that the operational disruption experienced at its affected properties in September will have a negative impact on its third quarter 2023 results, predominantly in its Las Vegas operations, and a minimal impact during the fourth quarter.

MGM added however that it does not expect this to have a material effect on its financial [...]

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