MGM Resorts International has put a number on the cost of the disruptive cyberattack it experienced in September. It estimated the damage at $100 million.
MGM Resorts International has revealed the cost of its disruptive cyberattack from September. The third-quarter cyberattack, which MGM Resorts revealed last month and said has since been contained, will cost $100 million, and the losses will appear in the adjusted property EBITDAR for its Las Vegas Strip Resorts and regional operations, MGM Resorts said. The hotel and casino company included the details in a disclosure Thursday to the Securities and Exchange Commission.
It will mark the second-to-last race of the season, which will end in Abu Dhabi. CAESARS CONFIRMS HACKER STOLE SOCIAL SECURITY NUMBERS, OTHER DATA IN CYBERATTACK In the second quarter, MGM Resorts saw revenues totaling $3.94 billion and net income amounting to $200.78 million. The former marked a 20.7% year-over-year increase, while the latter was an 88.7% decrease.
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