Caesars Entertainment Inc. paid tens of millions of dollars to hackers who broke into the company’s systems in recent weeks and threatened to release the company’s data, according to two people familiar with the matter.
Caesars is expected to disclose the cyberattack in a regulatory filing imminently, the people said. The disclosure of the alleged Caesars breach comes as another Las Vegas entertainment giant, MGM Resorts International, announced that it was hacked earlier this week.
Caesars didn’t respond to requests for comment. The company’s shares dropped 2.7% Wednesday to $52.35.
The group behind the attack is known as Scattered Spider or UNC 3944, according to the people.
