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MGM News Highlights
- MGM's 30 day story count now stands at 21.
- Over the past 10 days, the trend for MGM's stories per day has been choppy and unclear. It has oscillated between 1 and 5.
- The most mentioned tickers in articles about MGM are KEYS, ALTO and OKTA.
Latest MGM News From Around the Web
Below are the latest news stories about MGM RESORTS INTERNATIONAL that investors may wish to consider to help them evaluate MGM as an investment opportunity.
MGM Resorts International (NYSE:MGM) has been named in a class action lawsuit following a significant data breach that exposed its customers' personal information and disrupted operations for ten days. The suit, filed on Friday, September 22, 2023, alleges negligence on the part of MGM for failing to maintain adequate measures to prevent unauthorized disclosure of customers' data.
Sometimes tumbling stocks can make huge comebacks.
LONDON, September 22, 2023--BetMGM, the newly launched UK iGaming and online sports betting brand from MGM Resorts International, today unveiled its first advertising campaign, featuring stand-up comedian, actor and certified gold standard Hollywood icon, Chris Rock.
In a significant blow to American Hospitality and Entertainment organization MGM Resorts (NYSE:MGM) International, a cyberattack has resulted in over $52 million in lost revenue. The cybercrime, which took place this past week, caused nearly all of MGM's hotels, casinos, and ATMs to go offline.
About a year ago, the U.S. security firm Palo Alto Networks began to hear from a flurry of companies that had been hacked in ways that weren't the norm for cybercriminals. Ransomware attacks are not new, but this group was extraordinarily skilled at social engineering and bypassing multi-factor authentication, said Wendi Whitmore, senior vice president for the security firm Palo Alto Networks' Unit 42 threat intelligence team, which has responded to several intrusions tied to the group.
Carter's (CRI) strategic endeavors to enhance pricing strategies, optimize inventory management and expand its e-commerce capabilities position it well to mitigate consumer demand challenges.
The company said its hotels and casinos were back to normal operations, though digital room keys and mobile check-in were still not working.
MGM Resorts (NYSE:MGM) International has announced a return to normal operations across its US properties, following a cyberattack that led to a 10-day shutdown of its computer systems, the company said on Thursday confirming that resort services, dining, entertainment, pools, and spas were operational once again.
MGM Resorts said on Wednesday its hotels and casinos were back to normal operations but it was working to resolve issues at its luxury Excalibur hotel and casino in Las Vegas, over a week after a cyberattack disrupted its systems. Digital keys and mobile check-in at MGM hotels, however, were unavailable on Wednesday and the company said it was issuing physical keys to guests. The company, which runs more than 30 hotel and gaming venues globally, including in Macau and Las Vegas, was targeted by a hacking group named Scattered Spider, Reuters earlier reported, citing two sources familiar with the matter.
MGM Resorts brought to an end a 10-day computer shutdown prompted by efforts to shield from a cyberattack data including hotel reservations and credit card processing, the casino giant said Wednesday, as analysts and academics measured the effects of the event. Rival casino owner Caesars Entertainment also disclosed last week to federal regulators that it was hit by a cyberattack Sept. 7. It said that its casino and online operations were not disrupted but it could not guarantee that personal information about tens of millions of customers, including driver’s licenses and Social Security numbers of loyalty rewards members, had not been compromised.