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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 […]
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 […]
