LAS VEGAS — MGM Resorts brought to an end a 10-day computer shutdown prompted by efforts to shield from a cyberattack data including hotel reservations and credit card processing, the casino giant said Wednesday, as analysts and academics measured the effects of the event.
Gregory Moody, professor and director of the cybersecurity program at the University of Nevada, Las Vegas, pointed to quoted estimates that the computer shutdown cost the company up to $8 million per day, which could put the cumulative effect at $80 million. But Moody also noted that MGM Resorts reports annual revenues above $14 billion, which would mean it averages at least $270 million in revenues per week.
Caesars Entertainment is the largest casino owner in the world, with more than 65 million rewards members and properties in 18 states and Canada under the Caesars, Harrah’s, Horseshoe and Eldorado brands. It also has mobile and online operations and sports betting. The attack on MGM also has been attributed to Scattered Spider, a group of English-speakers also sometimes known as Øktapus operating under a Russia-based operation called ALPHV or BlackCat.
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