MGM Resorts Believes Operational Disruption Experienced At Its Affected Properties During September Due To Cybersecurity Issue Will Have Negative Impact On Q3 Results, Predominantly In Las Vegas Operations, And Minimal Impact During Q4 - Filing
Portfolio Pulse from Benzinga Newsdesk
MGM Resorts has experienced operational disruptions at its properties during September due to a cybersecurity issue. This is expected to negatively impact Q3 results, predominantly in Las Vegas operations, with minimal impact anticipated for Q4.
October 05, 2023 | 9:21 pm
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NEGATIVE IMPACT
MGM Resorts' Q3 results are expected to be negatively impacted due to operational disruptions caused by a cybersecurity issue. The impact is expected to be minimal in Q4.
The cybersecurity issue has caused operational disruptions at MGM Resorts, which will negatively impact the company's Q3 results. However, the impact is expected to be minimal in Q4, indicating that the company is likely recovering from the issue.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100