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MGM’s Bill Hornbuckle Sees Four UAE Casinos Being Permitted
The United Arab Emirates (UAE) could go from long forbidding casino gaming to eventually being home to as many as four casino resorts. MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle expressed...
Scattered Spider Waited Before Making MGM Ransom Demand
“Scattered Spider,” the group of hackers that recently infiltrated the technology systems of two major casino operators, waited several days before making financial demands of MGM Resorts International (NYSE: MGM). In an...
MGM Resorts CEO Bill Hornbuckle Says Cyberattack ‘Totally Behind Us’
MGM Resorts CEO Bill Hornbuckle says the devastating cyberattack on the casino company's IT systems is in the firm's rearview mirror. In a wide-ranging interview on Tuesday with CNBC's Contessa Brewer at...
BetMGM Partnership Unlikely to Be Permanent, Says Entain CEO
Since inception, BetMGM has been a 50/50 joint venture between MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY). That will remain the case for the foreseeable future, but a time...
Las Vegas Culinary Union to Picket Caesars, MGM Casinos This Week
Culinary Local 226, the union representing 53,000 hospitality workers in Las Vegas, has inched closer to a possible Strip-choking strike. On Monday, it called for thousands to picket in front of eight...
MGM Cyberattack Damage Confined to Q3, Says Analyst
The financial impact of the recent cyberattack suffered by MGM Resorts International (NYSE: MGM) will likely be confined to the third quarter. The avenues are available for the casino operator to repair...
Questionable MGM Hack Fraud Claims Spread as Lawyers Troll for Victims
On Oct. 5, MGM Resorts International revealed that hackers were able to access the names, Social Security numbers, birth dates, and driver’s license and passport numbers, from “some customers who transacted with...
MGM Didn’t Pay Hackers, Suffered Financial Consequences
MGM Resorts International (NYSE: MGM) reportedly refused the hackers that recently executed a ransomware attack on its US operations and will suffer a significant reduction in third-quarter earnings as a result. On...
MGM Expects $100 Million Q3 Earnings Ding Due to Ransomware Attack
Shares of MGM Resorts International (NYSE: MGM) traded slightly lower in Thursday’s after-hours session after the casino operator said it expects third-quarter earnings before interest, taxes, depreciation, amortization, and restructuring or rent...
Clorox Expects Q1 Loss Following Attack by Caesars, MGM Hackers
Shares of consumer staples giant Clorox (NYSE: CLX) are lower by nearly 9% in midday trading Thursday. That's after the company warned investors it expects to report a fiscal first-quarter loss following...