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☆ Ukraine's first ATACMS strikes may leave a lasting impact on Russia's airpower and send it scrambling to pull bases back from the front lines, Western intel says
▼ + stars: | 2023-10-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Ukraine revealed it has ATACMS this week after launching several strikes on Russian airbases. The attack destroyed multiple helicopters and other weaponry, Kyiv's defense ministry said. According to Western intelligence, this may cause lasting damage to Russian airpower and force a change in basing. On Tuesday, Ukraine's special operations forces used ATACMS to carry out strikes on Russian airfields in Berdyansk and Luhansk — two locations in Russian-occupied territory. —Defense of Ukraine (@DefenceU) October 18, 2023Russia has had to do this before in response to other Western weapons.

Persons: —, there's, wishlist, Volodymyr Zelenskyy, Biden, Mykhailo Podolyak, Zelenskyy Organizations: Service, MGM, Tactical Missile Systems, —, Artillery Locations: Ukraine, Moscow, Berdyansk, Luhansk, Russia, Azov, Russian, France, Sevastopol, Washington, United States

☆ Combat video shows what Ukraine says are its special ops forces destroying enemy armor, capturing the cost of Russia's new assaults in the east
▼ + stars: | 2023-10-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The video captures Russian tank and vehicle losses near Avdiivka, Kyiv's special ops forces said. Avdiivka, in eastern Ukraine, is one area where Moscow recently launched a renewed assault. Ukraine's Special Operations Forces (SSO) said it detected Russian armor heading toward Avdiivka, a small city in eastern Ukraine's Donetsk region that's currently surrounded on three sides by Russian-occupied territory. It's one area where Moscow's forces recently launched a "renewed offensive," according to US officials. "These days, Russian losses are really impressive, and it is exactly the kind of losses of the occupier that Ukraine needs."

Persons: Avdiivka, —, John Kirby, Lyman, Vladimir Putin, Kirby, Volodymyr Zelenskyy Organizations: Service, Ukraine's Special Operations Forces, Twitter, OF UKRAINE, National Security, Institute for, MGM, Tactical Missile Systems, Ukraine Locations: Avdiivka, Ukraine, Moscow, Ukraine's, Ukraine's Donetsk, that's, Russian, Russia, Washington, Ukrainian, Kyiv

☆ Burt Young, ‘Rocky’ actor, has died at 83
▼ + stars: | 2023-10-19 | by ( Lisa Respers France | ) edition.cnn.com time to read: +3 min

CNN —Burt Young, a former boxer who found fame playing tough guys in Hollywood, died earlier this month, his daughter Anne Morea Steingieser told the New York Times. Young was best known for his role as Rocky Balboa’s brother-in-law Paulie in the “Rocky” movie franchise. Sylvester Stallone, who starred as Rocky, paid tribute to Young on Wednesday. “I was on the MGM lot when Sly Stallone came over and introduced himself to me, told me he wrote ‘Rocky’ and said ‘you gotta do it,’” Young recalled. He has a real eyeball for what’s going on in the world.”It helped establish Young as an actor who could play the heavy, but also be complex.

Persons: CNN — Burt Young, Anne Morea Steingieser, Young, Rocky Balboa’s, Paulie, Sylvester Stallone, Rocky, “, BURT, ” Stallone, Queens , Young, Cus D’Amato, she’d, Lee Strasberg, couldn’t, ”, ” Young, Strasberg, Rocky ”, didn’t, Sly Stallone, Rocky ’, ‘, ’ ” Young, “ Stallone, Robert De Niro, Ralph Macchio, Teddy Bear, Bobby Bacala, Kevin Organizations: CNN, New York Times, New, Marines, Times, MGM, Young Locations: Hollywood, New York City, Queens ,, Corona, ”, “ Cuba

☆ Ukraine's new US-made ATACMS are likely pushing Russian aircraft away from the front lines, experts say
▼ + stars: | 2023-10-18 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +3 min

Ukraine attacked Russian airfields with new ATACMS missile systems, a US-based think tank said. The weapons could push Russian aircraft away from the front, per the Institute for the Study of War. AdvertisementAdvertisementUkraine's strikes on "operationally significant" Russian airfields with its new US-made ATACMS will likely force Russia's military to pull some of its aircraft away from the front lines, according to the Institute for the Study of War. "The Ukrainian ATACMS strikes on operationally significant Russian airfields in Ukraine will likely prompt the Russian command to disperse aviation assets and withdraw some aircraft to airfields further from the frontline," it said. The arrival of ATACMS also poses a significant threat to Russian ammunition depots in rear areas, it added.

Persons: —, ATACMS Organizations: for, Service, Institute for, MGM, Tactical Missile, Russian Locations: Ukraine, Russian, US, Zaporizhia, Luhansk, Ukrainian, Russia

☆ Images show North Korea has secretly been sending cargo to Russia, likely supplying munitions as Russia's own stockpiles dwindle
▼ + stars: | 2023-10-18 | by ( Kelsey Vlamis | Jake Epstein | ) www.businessinsider.com time to read: +5 min

Satellite images suggest that North Korea and Russia have developed an elaborate supply line. The images show that two cargo vessels have repeatedly transported hundreds of containers from North Korea to Russia. AdvertisementAdvertisementNew satellite images appear to show that North Korea has been supplying Russia with far more military equipment and munitions than was previously known. "North Korea has the ability to manufacture a lot of ammunition, and it has significant stockpiles." Satellite images showed two cargo ships making multiple trips between Russia and North Korea.

Persons: It's, —, John Kirby, Kirby, we've, RUSI, Jack Watling, wishlist, Volodymyr Zelenskyy, Biden Organizations: Service, National Security, Royal United Services Institute, The Washington, Democratic People's, Labs, Washington ., House, MGM, Tactical Missile Locations: Korea, Russia, North Korea, Ukraine, Angara, Maria, North, Pyongyang, Dunai, DPRK, Democratic People's Republic of Korea, Moscow, Washington, House Russian, Kyiv, United States

☆ 5 Top Sports-Betting Trends to Watch, From AI to Igaming Regulation
▼ + stars: | 2023-10-18 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +9 min

The AI arms raceGambling companies overall are racing to figure out how to use artificial intelligence to supercharge their businesses. She sees potential for AI to help spot problem gambling behavior, as well. IGaming legislation could gain steam in 2024The pace of legal online casino-style gambling, or iGaming, regulation has moved at a glacial pace in the US. It's been a big obstacle for gambling operators because iGaming is generally a more profitable business than sports betting. Many in the industry are hoping for a domino effect when the next significant state legalizes iGaming that spurs others to follow.

Persons: —, Amy Howe, Jason Robins, we're, FanDuel's Howe, David Jacquet, It's, Howe, FanDuel, Travis Kelce, Lewis Hamilton, DraftKings, Robins, PrizePicks, we'll, Adam Greenblatt, he'd, Greenblatt, it's, cybersecurity Organizations: Sports, DFS, Kansas City Chiefs, Underdog, US, American Gaming Association, MGM, Caesars, MGM Resorts, Caesars Entertainment Locations: Las Vegas , Nevada, — Florida, New York, Michigan, G2E

☆ Detroit casino workers go on strike after failed talks
▼ + stars: | 2023-10-17 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

The Detroit Casino Council (DCC) called the first strike in its history after negotiations which began in the summer did not yield a new contract. On Sept. 29, 99% of voting workers from all unionized groups at the three Detroit casinos voted to authorize the DCC to call a strike if negotiations weren't progressing. The committee estimates the strike would risk $3.4 million in operator revenue per day, with the greatest impact to MGM Grand Detroit at $1.7 million per day. "We've made six proposals to the union and our current offer includes the single largest pay increase in the history of MGM Grand Detroit," the company said. Industry gaming revenues have surpassed pre-pandemic levels, with the Detroit casino industry generating $2.27 billion in 2022, according to the DCC negotiating committee.

Persons: Bridget Bennett, Gwen Mills, We've, Doyinsola Oladipo, David Gregorio Our Organizations: MGM, MGM Resorts, REUTERS, MGM Grand Detroit, MGM Resorts International, Hollywood, Penn Entertainment, Detroit Casino Council, Detroit, DCC, United Auto Workers, UAW, Teamsters, Engineers, Michigan Regional, Carpenters, Industry, Culinary Workers, Bartenders Unions, Caesars Entertainment, Wynn Resorts, Thomson Locations: Las Vegas , Nevada, U.S, Detroit, Greektown, Las Vegas, United States, New York

☆ Ukraine says it struck Russian airfields, taking out enemy helicopters, and it looks like it did it with ATACMS it secretly got from the US
▼ + stars: | 2023-10-17 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Ukraine says it carried out a series of strikes on Russian airbases, damaging multiple helicopters. Multiple reports and a source familiar with the matter said Kyiv used ATACMS in the attack. In the aftermath of the strikes, open-source intelligence (OSINT) accounts, Russian military bloggers, and analysts began suggesting on social media that Ukraine used ATACMS to carry out the attack. AdvertisementAdvertisementA person familiar with the matter told Insider that Ukraine used ATACMS missiles, confirming multiple reports that Kyiv's forces secretly acquired ATACMS from the US. Every day, every week, Ukraine needs such results.

Persons: —, hasn't, ATACMS Organizations: Kyiv, Service, MGM, Tactical Missile, Luhansk —, Ukraine Locations: Ukraine, Berdyansk, Luhansk, Russian, Ukrainian

☆ Hollywood insiders are bracing for M&A activity to make a comeback, as 10 experts reveal the deals they're predicting
▼ + stars: | 2023-10-17 | by ( Reed Alexander | Lucia Moses | ) www.businessinsider.com time to read: +12 min

"The unknown is hard to transact in," Sam Powers, the global head of technology, media, and telecommunications for Bank of America, told Insider. Microsoft's $69 billion acquisition of Activision , which was completed Thursday, has also put media and tech M&A back in the spotlight. "People have been holding their breath in nervous anticipation" about the idea of tech buying big media , one investor told Insider. Private-equity bets on media and Hollywood have seen mixed resultsPrivate-equity firms may have the cash to finance major media acquisitions, but they're reckoning with market volatility. Are you a Hollywood insider?

Persons: Hollywood dealmakers, Jonathan Handel, Sam Powers, Bob Iger, —, Byron Allen, Greg Doherty, Iger, Disney's, Byron Allen —, Allen, Disney, it's, Handel, It's, you've, Reese Witherspoon, Dave Kotinsky, Moonbug, Reese Witherspoon's, Jeff Zucker, Abu, Tom Staggs, Kevin Mayer, Lucia Moses, Reed Alexander Organizations: Hollywood, Puck News, Bank of America, SAG, Writers Guild of America, Disney, ESPN, Activision, Byron Allen The Weather, Wall Street shareholders, Bureau of Labor Statistics, Hulu, ABC, Nexstar Media Group, Allen Media Group, Weather, Lionsgate, Starz, Paramount, BET, Warner Bros, Games, Disney Digital Network, Maker Studios, Observers, Comcast, Paramount Global, Tech, MGM, Microsoft, Netflix, Apple, RedBird Capital Partners, RedBird IMI, Private, SP, G Global Market Intelligence, Bloomberg, Media, Apollo Global Management, Yahoo Locations: Hollywood, Blackstone, Abu Dhabi, lmoses@insider.com, ralexander@insider.com

☆ MGM CEO Bill Hornbuckle on culinary unions going on strike in Las Vegas
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM CEO Bill Hornbuckle on culinary unions going on strike in Las VegasThe MGM chief says he's hopeful the two sides can reach an agreement soon.

Persons: Bill Hornbuckle Organizations: MGM Locations: Las Vegas

☆ Thousands of casino workers go on strike in Detroit
▼ + stars: | 2023-10-17 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

The work stoppage targets operations at the MGM Grand Detroit; owned by MGM Resorts International , MotorCity Casino; and Hollywood Casino at Greektown, owned by Penn Entertainment . They are represented by the Detroit Casino Council, which is made up of five unions including the United Auto Workers. MotorCity Casino updated its website showing that high limit table games, poker room and casino valet were closed – as well as its spa and some restaurants and bars. The DCC argues casino workers agreed to a three-year contract during the pressure-packed earlier days of the Covid pandemic. "In 2022, the Detroit casino industry generated $2.27 billion in gaming revenue and is on track for another record-breaking year in 2023.

Persons: MotorCity, Matt Buckley, we've Organizations: MGM, Detroit, MGM Resorts International, MotorCity, Hollywood, Penn Entertainment, Detroit Casino Council, United Auto Workers, CNBC, MCC, MGM's Midwest Group, MGM Grand, MGM Grand Detroit, DCC Locations: Greektown, Michigan, MGM Grand Detroit, Detroit

☆ How Keith Meister of Corvex sees lines blurring between private equity and activist investors
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A change in the way activist and private equity investors are viewed is underway, Corvex Management founder Keith Meister said Tuesday. Corporate raider is a term used to refer to aggressive activist investors. "The reason it hasn't happened more quickly is because the amazing large private equity funds have been victims of their own successes," Meister said. Activist investors, which include Trian's Nelson Peltz, can agitate for a wide variety of changes including selling off underperforming or undervalued businesses or replacing management teams. Private equity investors, meanwhile, usually build a controlling stake in a company, with the aim of taking it private and making it more valuable before selling it for a profit.

Persons: Keith Meister, Meister, it's, CNBC's David Faber, Trian's Nelson Peltz Organizations: Corvex Management, CNBC Pro, 13D, Investor, Corporate, Private, Blackstone, KKR, MGM, MGM Resorts

☆ Thousands of Detroit casino workers threaten to go on strike on Tuesday
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsOct 16 (Reuters) - About 3,700 Detroit casino workers are set to strike on Tuesday noon, if a contract deal is not reached, the Detroit Casino Council (DCC) said on Monday. A strike will hit operations at MGM Grand Detroit operated by MGM Resorts International (MGM.N), MotorCity Casino and Hollywood Casino at Greektown operated by Penn Entertainment (PENN.O). On Sept. 29, 99% of voting workers from all unionized groups at the three Detroit casinos voted to authorize the DCC negotiating committee to call a strike. Industry gaming revenues have since surpassed pre-pandemic levels, with the Detroit casino industry generating $2.27 billion in 2022, as per the negotiating committee. The Culinary Workers and Bartenders Unions held a picket at Vegas properties of MGM Resorts and Caesars Entertainment last Thursday.

Persons: Rebecca Cook, Ananta Agarwal, Sriraj Organizations: REUTERS, Detroit, Detroit Casino Council, MGM Grand Detroit, MGM Resorts International, Hollywood, Penn Entertainment, DCC, Industry, Detroit Casino, UAW, Teamsters, Engineers, Michigan Regional, of Carpenters . Unions, MGM, Caesars Entertainment, Wynn Resorts, Culinary Workers, Bartenders Unions, MGM Resorts, Thomson Locations: Detroit , Michigan, Greektown, Detroit, U.S, Vegas, Bengaluru

☆ The company powering the AI revolution is quite happy to let staff keep WFH
▼ + stars: | 2023-10-15 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

It's not adopted the strict return-to-office mandates enforced by some Silicon Valley firms. But Nvidia, whose chips are powering the AI revolution, is not enforcing strict return-to-office mandates. Nvidia CEO Jensen Huang speaks during a press conference at The MGM during CES 2018 in Las Vegas on January 7, 2018. Mandel Ngan/AFP/Getty ImagesYet the companies snapping up Nvidia's chips don't all agree. But Nvidia's astounding growth undermines the claims made by some Silicon Valley bigwigs.

Persons: Bard, It's, Jensen Huang, —, Beau Davidson, Davidson, Mandel Ngan, Mark Zuckerberg, Sam Altman, OpenAI, they're Organizations: Nvidia, Service, Venture, Commerical Observer, MGM, Getty, Meta, Reuters, CNET Locations: Silicon, Las Vegas, AFP, China, Hong Kong, Santa Clara

☆ Jessica Toonkel — Deputy Media Editor at The Wall Street Journal
▼ + stars: | 2023-10-12 | by ( Jessica Toonkel | ) www.wsj.com time to read: 1 min

Jessica ToonkelJessica Toonkel covers the biggest corporate developments in media, entertainment and tech. She joined The Wall Street Journal from the Information, where she broke many stories, including Amazon's acquisition of MGM and the New York Times' buyout of the Athletic as well as Disney's plans for an ad-supported streaming service. Prior to her four years at the Information, Jessica spent seven years at Reuters, where she consistently broke news on major deals, executive changes and strategic developments in media, tech and finance. Earlier in her career, she covered funds and investing for publications such as InvestmentNews, American Banker and Institutional Investor.

Persons: Jessica Toonkel Jessica Toonkel, Jessica Organizations: Wall, MGM, New York Times, Athletic, Reuters, Banker, Institutional Investor

Six months later, his friend-turned-rival Notorious B.I.G, whose legal name is Christopher Wallace, was gunned down. They hung out together on the set of the 1993 film “Poetic Justice,” which starred Janet Jackson and Shakur. Shakur found out that the night of that attack, Wallace and Sean “Diddy” Combs were together in a recording studio. East vs. West coastsLess than 24 hours after the 1994 shooting, Shakur made a court appearance in a wheelchair on sex-assault charges against him. Greenidge, who described the rapper as a professional mentor, told the grand jury he was in the convoy.

Persons: Tupac Shakur, Shakur, B.I.G, Christopher Wallace, Wallace, Duane “ Keffe, ” Davis, Davis, enmeshed, ”, Justin Tinsley, Janet Jackson, Sean “ Diddy ” Combs, Combs, Malcolm Greenidge, Reggie Wright Jr, Marion “ Suge, Knight, disrespecting Combs, Tha, Snoop Dogg, Faith Evans, “ It’s, Wright, Robert Ladd, Ladd, “, Orlando Anderson, ” Denvonta Lee, Mike Tyson, Bruce Seldon, Anderson, Daniel Ford, Ford, Lee, Deandrae Smith, Smith, “ Keffe, ” Lee, Keffe, Biggie Shakur, Tinsley, ” “ Biggie, ” Tinsley, ‘, Tupac, Rio Yamat, Ken Ritter, Scott Sonner, Gabe Stern, Andrew Dalton, Ryan Pearson, Stefanie Dazio, Felicia Fonseca Organizations: ANGELES, New York City, The Associated Press, Los, Records, New, Boy Records, Row, Tha Dogg, West Coast, Side, South Side, Bloods, MGM, Anderson, BMW, Authorities, Cadillac, ” Police, Las Vegas, ___ Associated Press Locations: East, West, New York, Las Vegas, Compton, midtown Manhattan, East Harlem , New York, Los Angeles, Brooklyn, Harlem, New York City, York , New York, Vegas, Lakewood, South Los Angeles, Reno , Nevada, Flagstaff , Arizona

☆ MGM Resorts CEO Bill Hornbuckle: Cyberattack is behind us, and we're looking forward
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM Resorts CEO Bill Hornbuckle: Cyberattack is behind us, and we're looking forwardMGM Resorts CEO Bill Hornbuckle joins 'Squawk on the Street' to discuss how much of the cyberattack is in the rearview mirror, the attack's impact on the brand, and more.

Persons: Bill Hornbuckle Organizations: MGM Resorts

☆ Thousands of Las Vegas hospitality workers to picket MGM, Caesars casinos
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

The New York-New York hotel and casino, an MGM Resorts casino, is seen in Las Vegas, Nevada, September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsOct 9 (Reuters) - The unions representing hospitality workers in Las Vegas on Monday said thousands of workers will picket MGM Resorts (MGM.N) and Caesars Entertainment (CZR.O) casinos on the Las Vegas strip. The unions in Las Vegas are considered among the most powerful in the industry, and are pressing for better wages after many workers lost their jobs during the pandemic. Members of culinary and bartenders unions will picket on the strip in front of eight MGM Resorts and Caesars casinos. The unions met last week with MGM, Caesars and Wynn - the three largest private employers - in Las Vegas after 95% of its members voted at the end of September to authorize a citywide strike.

Persons: Bridget Bennett, Shivansh, Maju Samuel Organizations: MGM Resorts, REUTERS, Caesars Entertainment, Las Vegas, Caesars, MGM, Wynn, Thomson Locations: York, New York, Las Vegas , Nevada, Las Vegas, Vegas, Bengaluru

☆ Thousands of Las Vegas workers to picket MGM, Caesars casinos
▼ + stars: | 2023-10-09 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

The New York-New York hotel and casino, an MGM Resorts casino, is seen in Las Vegas, Nevada, September 13, 2023. Union workers will picket in front of eight MGM and Caesars resort locations on Thursday. The unions met last week with MGM, Caesars and Wynn Resorts (WYNN.O) - the three largest private employers in Las Vegas. MGM Resorts, Caesars Entertainment and Wynn Resorts did not immediately respond to a Reuters request for comment. In August, there were 7% fewer visitors to Las Vegas than in August 2019 before the pandemic.

Persons: Bridget Bennett, We're, Ted Pappageorge, Pappageorge, Barry Jonas, Doyinsola Oladipo, Maju Samuel, Cynthia Osterman 私 Organizations: MGM Resorts, REUTERS, Caesars Entertainment, Culinary Workers, Bartenders Unions, Culinary Union, Union, MGM, Caesars, Unions, Wynn Resorts, Tourism Locations: York, New York, Las Vegas , Nevada, Vegas, United States, Las Vegas, Bengaluru

☆ Jim Cramer sees a bull market in cybersecurity
▼ + stars: | 2023-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Despite recent market weakness in several sectors, CNBC's Jim Cramer said he sees a bull market in cybersecurity. "You always want to buy the stocks of companies in industries where demand is most rabid," Cramer said. MGM , Caesars , Johnson Controls and Clorox have faced recent hacks. Clorox took a huge earnings hit due to processing delays and product outages, Cramer noted. To Cramer, cybersecurity companies such as Palo Alto Networks , CrowdStrike , Okta and Zscaler may be very valuable with businesses willing to pay high prices to protect against hackers.

Persons: Jim Cramer, Cramer, Clorox Organizations: U.S . Securities, Exchange Commission, MGM, Caesars, Johnson, Palo Alto Networks Locations: cybersecurity

☆ Las Vegas casino stocks are flirting with a bear market. That might be a sign an economic downturn is coming.
▼ + stars: | 2023-10-08 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Casino stocks are slumping – and that could be bad news for the US economy. Top investor Jim Chanos has touted the Las Vegas strip as a potential economic indicator in the past. Casino stocks' losses have likely been driven by Wall Street taking a gloomier view on the economy, according to analysts. Las Vegas' next big test will be the third-quarter earnings season, with most casino operators expected to announce their results over the next month. AdvertisementAdvertisementDisappointing figures could be one of a growing number of signals suggesting that, like gambling stocks, the economy might be headed for the red.

Persons: Jim Chanos, —, – Organizations: Service, Publicly, Vegas Sands, MGM Resorts, Bellagio, MGM, Federal Reserve, Gaming, Wall, Vegas, US Consumer Locations: Vegas, Las Vegas

☆ Las Vegas hospitality unions see 'no real movement' in talks with casinos
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsOct 6 (Reuters) - The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen "no real movement" this week in contract negotiations with casino-resort operators MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O). "We met with MGM on Tuesday and Caesars on Wednesday and unfortunately, no real movement from these companies," said Culinary Union Secretary-Treasurer Ted Pappageorge. The unions are negotiating a new five-year contract at over 40 properties where the agreement has expired or is under extension. Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Bridget Bennett, Ted Pappageorge, Pappageorge, Doyinsola Oladipo, Shinjini Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Caesars Entertainment, Culinary Workers, Caesars, Culinary Union, Wynn Resorts, Reuters, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, New York, Bengaluru

☆ MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos
▼ + stars: | 2023-10-06 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: mgm

☆ Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage
▼ + stars: | 2023-10-06 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. But why is this specific cybersecurity incident of particular interest? That agency is reportedly investigating if any floor plans and security information were exposed as a result of the attack. The culprit was a significant cybersecurity breach from August — "which caused wide-scale disruption of Clorox's operations, including order processing delays and significant product outages." Clorox is now expecting a hefty year-over-year sales decline as well as a quarterly loss thanks to the incident.

Persons: Johnson, Clorox Organizations: Department of Homeland Security

NEW YORK (AP) — The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing. MGM wasn't the only casino giant to see a cybersecurity breach last month. The Reno-based company said that its casino and online operations were not disrupted. Beyond the casino world, Clorox also disclosed a cybersecurity attack recently — noting the company identified “unauthorized activity” on some of IT systems back in August. ________________AP Reporters Ken Ritter and Rio Yamat in Las Vegas contributed to this report.

Persons: Bill Hornbuckle, Hornbuckle, Hornbuckel, Clorox, Ken Ritter, Rio Organizations: MGM Resorts, Las, MGM, Social, Securities and Exchange Commission, Caesars Entertainment, Caesars, Wall Street, ________________ Locations: Las Vegas, Reno

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