MGM Resorts Faces Ongoing Cyber Incident
Portfolio Pulse from Nabaparna Bhattacharya
MGM Resorts International has experienced a cybersecurity issue that led to the shutdown of several computer systems, including its website. This has affected nearly every aspect of the casino operator's business, including reservation platforms, booking systems, electronic hotel key card systems, and casino floors. The company's email systems were also disabled and have not been restored yet. The FBI is aware of the ongoing issue. In addition, MGM recently faced another setback with the delay of a planned casino resort in Osaka until late 2030.
September 12, 2023 | 1:30 pm
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MGM Resorts International is facing a cybersecurity issue that has affected its business operations. The company's email systems are still down. Additionally, the opening of a planned casino resort in Osaka has been delayed until late 2030.
The cybersecurity issue has disrupted MGM's business operations, which could negatively impact its revenues and profitability in the short term. The delay in the opening of the Osaka casino resort could also affect the company's future revenue streams. These factors could put downward pressure on the company's stock price.
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