MGM Resorts Recovers From Cyberattack, Resumes Normal Operations

MGM Resorts (NYSE:MGM) International has announced the restoration of its digital systems across the U.S., following a 10-day shutdown due to a cyberattack. The Las Vegas-based company confirmed on Thursday that its casino and hotel properties are now operating normally, marking an end to the computer shutdown that began on September 10, 2023.

The cyberattack led to the temporary shutdown of MGM's hotel reservations and credit card processing systems, among other digital services. The company detected the attack on September 10 and promptly shut down its computer systems in response. During the shutdown, MGM assured customers that its resorts remained open while investigations into the "cybersecurity issue" were ongoing.

The company communicated its recovery from the cyberattack via X, the platform formerly known as Twitter, where it expressed satisfaction with the return to normal operations across all its hotels and casinos.

While MGM Resorts was grappling with this issue, another casino company, Caesars (NASDAQ:CZR) Entertainment, also reported a recent cyberattack. However, unlike MGM Resorts, Caesars told federal regulators on September 14 that its casino and online operations were not disrupted.

This incident highlights the growing concern over cybersecurity within the hospitality industry. As companies increasingly rely on digital systems for their operations, protecting these systems from cyber threats has become paramount. The impact of such attacks extends beyond the immediate disruption of services, as analysts and academics continue to study the effects of these events on affected businesses.

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