Tag: MGM

11/08/23 8:57 PM

MGM’s Hornbuckle credits resiliency for record 3Q revenue after September cyberattack

  • Rege Behe, CDC Gaming
On September 12, MGM Resorts was hit by a cyberattack that caused the company to shutdown credit-card processing, websites, and their... more
11/02/23 12:11 PM

Analyst: MGM partnership delay could impair Marriott value

  • David McKee, CDC Gaming
Details of a sweeping marketing alliance between MGM Resorts International and Marriott were supposed to be released last month. However,... more
11/01/23 7:30 PM

BetMGM opens its first New Mexico sportsbook in Albuquerque

  • Rege Behe, CDC Gaming
BetMGM Wednesday announced the opening of a new retail sportsbook at Isleta Resort & Casino in Albuquerque, New Mexico. The sportsbook... more
10/23/23 3:22 PM

Wall Street Bets: Analysts take on MGM Resorts, 3rd quarter outlook, G2E

  • Rege Behe, CDC Gaming
MGM Resorts analysis J.P. Morgan analyst Joseph Greff stated in an Oct. 20 note that MGM Resorts shares are down almost 30% since its 2023... more
10/19/23 8:27 PM

Despite cyberattack, Deutsche Bank bullish on MGM

  • Buck Wargo, CDC Gaming
Deutsche Bank’s assessment of MGM Resorts International is positive ahead of the release of its third- quarter earnings on Nov. 8. It... more
10/16/23 1:15 PM

Wall Street Bets: G2E, Virginia skill-based machines, MGM cyberattacks

  • Rege Behe, CDC Gaming
Thoughts on G2E B Riley Securities analyst David Bain Oct. 13 wrote about meeting with companies at the recent Global Gaming Expo in Las... more
10/10/23 6:31 PM

G2E: MGM CEO calls cyberattack “corporate terrorism at its finest”

  • Buck Wargo, CDC Gaming
MGM Resorts International CEO Bill Hornbuckle called the cyberattack that will cost the company $100 million in earnings “corporate... more
10/07/23 11:23 AM

Analysts relieved by MGM cyberattack disclosure

  • David McKee, CDC Gaming
“Cyber impact likely more modest than feared” read the headline on a J.P. Morgan investor note Friday morning. It came in reaction to a... more
10/05/23 9:40 PM

SEC filing by MGM: Cyberattack will cost $100 million in adjusted earnings

  • Buck Wargo, CDC Gaming
MGM Resorts International filed a report with the SEC Thursday, indicating that the cyberattack on its systems will cost $100 million in... more
10/04/23 11:04 AM

Influenced by Kerkorian, Murren joins gaming Hall of Fame

  • John L. Smith, CDC Gaming
After a long tenure at the helm of MGM Resorts International, steering the multibillion-dollar gaming giant through bruising recession and... more