MGM expects cybersecurity issue to negatively impact third\u002Dquarter earnings

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MGM expects cybersecurity issue to negatively impact third\u002Dquarter earnings
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- MGM Resorts International said on Thursday operational disruptions due to a cybersecurity issue in September are expected to have a negative impact on its third-quarter results.

MGM estimates the cybersecurity incident to have a negative impact of about $100 million to adjusted property core profit for the Las Vegas Strip Resorts and Regional Operations, it said in a regulatory filing, sending its shares down close to 1% in trading after the bell. Last month, the Las Vegas-based company said its hotels and casinos were back to normal operations but certain services including digital keys and mobile check-ins were not available.

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