MGM Resorts Faces Major Cyberattack, Warns of Financial Impact
  • 7 months ago
MGM Resorts has been experiencing outages and disruptions to their corporate email, hotel booking system, restaurant reservations, and digital room keys for the past 3 days due to a cyber incident. MGM has now filed an 8-K report with the SEC notifying them that the incident could have a material impact on the company's financials. Credit rating agency Moody's also warned that the cyberattack could negatively affect MGM's credit rating due to the security risks highlighted. MGM's stock price has fallen over 6% since the incident was disclosed while the broader market has seen modest gains.
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