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MGM Resort’s devastating computer hacking that shut down many casino and hotel services cost it $100 million in lost profits

By
Christopher Palmeri
Christopher Palmeri and
Bloomberg
Bloomberg
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By
Christopher Palmeri
Christopher Palmeri and
Bloomberg
Bloomberg
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October 5, 2023, 6:11 PM ET
MGM says a hacking will cost it $100 million.
MGM says a hacking will cost it $100 million. Bridget Bennett/Bloomberg via Getty Images
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MGM Resorts International said the recent computer hack that shut down many services at its casino hotels will reduce profit by $100 million.

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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.

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