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MGM Says Computer Hack Will Cost It $100 Million in Lost Profit

2023-10-05 21:34
MGM Resorts International said the recent computer hack that shut down many services at its casino hotels will
MGM Says Computer Hack Will Cost It $100 Million in Lost Profit

MGM Resorts International said the recent computer hack that shut down many services at its casino hotels will reduce profit by $100 million.

The company has also incurred less than $10 million in expense related to technology consulting services and and legal fees, according to a filing Thursday.

MGM, the largest casino operator on the Las Vegas Strip, said the impact of the hack is contained at this point.