MGM expects cybersecurity issue to negatively impact third-quarter earnings

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.The company, which runs more than 30 hotels and gaming venues globally including in Macau and Las Vegas, was targeted by a hackin

FILE PHOTO: An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File PhotoMGM 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 per cent 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines