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MGM Resorts International Security Incident

Q3 2024 549 days ago Resolved

Incident Overview

Situation Description

MGM Resorts International reported record third-quarter consolidated net revenues and adjusted property EBITDAR at MGM China, benefiting from business interruption proceeds related to a past cybersecurity incident.

Event Types

Malware / Destructive Attack

Industry Sector

Hospitality

Geographic Scope

nan

Response Actions

Restored Systems from Secure Backups

Impact Analysis

Event Types (1 identified)

Malware / Destructive Attack

Financial Impact

$0 USD

Records Affected

Primary Impacts

Operational Disruption Financial Loss

Key Decisions Made

MGM Resorts International received $37 million in business interruption proceeds related to a cybersecurity incident from a year ago.; MGM China announced a special dividend, bringing total dividends to MGM Resorts to approximately $200 million in 2024.; BetMGM launched a single app, single wallet feature in Nevada, leading to a doubling of first-time depositors in the state.

Technical Analysis

Attack Method

Unknown

Additional Information

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Quick Facts

Company:: MGM Resorts International
Date:: Q3 2024
Status:: Resolved
Decision Maker:: Bill Hornbuckle
Position:: President and Chief Executive Officer
Published:: 30/10/2024

Source Information

Original Query

MGM Resorts SEC filing 10-Q Q3 2023 cybersecurity incident financial impact

View Original Source

Timeline

Information Published

30/10/2024

Incident Occurred

Q3 2024 (549 days ago)

Status: Resolved

Estimated resolution based on age

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