MGM Resorts Faces Ongoing Cyber Incident - MGM Resorts International (NYSE:MGM)

MGM Resorts International (NYSE:MGM) had pulled the plug on several computer systems, including its website, stemming from a "cybersecurity issue."

"We quickly began an investigation with assistance from leading external cybersecurity experts," MGM said in a post on X.

The discontinuation weighed on nearly every aspect of the casino operator's business, CNBC reported.

However, the report mentioned that the company's gaming floors were back online on Monday evening. Still, MGM has not further updated its reservation and room booking systems.

The report added that the FBI was aware of the ongoing issue but did not provide further information.

The outage affected reservation platforms, booking systems, electronic hotel key card systems, and casino floors, CNBC noted.

In reaction to the cybersecurity concern, the company's email systems were also disabled and have not been restored yet, the report mentioned.

Recently, another setback hit MGM on reports suggesting Osaka will delay opening a planned casino resort until late 2030. According to a Japan Times report, the Osaka government said they will push back the opening of the casino resort from late 2029 to the fall of 2030 due to central government approval delays.

In the recently reported Q2 results, MGM recorded $2.1 billion in revenues from Las Vegas, flat year over year. BetMGM posted operating losses of $(22.5) million for the company in the quarter, compared to a loss of $(71.2) million one year ago.

Price Action: MGM shares are trading lower by 0.37% to $42.54 premarket on the last check Tuesday.

MGMMGM Resorts International

$38.50-1.13%

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