MGM's Daily Losses Soar Amid Cyberattack Crisis
Originally Published 2 years ago — by Las Vegas Review-Journal
MGM Resorts International is estimated to be losing between $4.2 million and $8.4 million in daily revenue and around $1 million in cash flow due to a cyberattack. The breach has affected the company's computer systems, causing complaints from customers and employees. Analysts believe that the impact will be short-term and largely insurable, but the extent of insurance coverage and the duration of the event are still uncertain. MGM is expected to continue operations, albeit with manual credit card transactions and increased cash-based transactions.