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☆ MGM Resorts cyberattack and outage stretches into third day
▼ + stars: | 2023-09-13 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

MGM continued to describe the situation as a "cybersecurity issue" in its SEC filing. The company has not yet brought its corporate email, restaurant reservation and hotel booking systems back online. Credit agency Moody's warned on Wednesday that the cyber incident highlighted "key risks" within MGM and could negatively affect the company's credit rating. In 2020, MGM acknowledged that it had lost the personal information of more than 10 million customers in a hack. Other than a brief update Tuesday confirming that the company had brought its gaming floors back online, MGM has provided little further information.

Persons: Moody's Organizations: MGM Resorts, U.S . Securities, Exchange Commission, MGM, SEC, Ticketmaster, FBI, CNBC

NEW YORK, Sept 13 (Reuters) - Rating agency Moody's has warned that a recent data breach at gaming company MGM Resorts International (MGM.N) could negatively impact the company's credit. Moody's said that while casino floors were back in action, the incident "highlights key risks related to (MGM's) business operations' heavy reliance on technology and the operational disruption caused when systems need to go offline or are inoperable." Messages seeking comment from MGM, the FBI and the U.S. cybersecurity watchdog agency CISA were not immediately returned. MGM Resorts' website was "currently unavailable," according to a holding message posted to the group's homepage. Reporting by Raphael Satter; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

Persons: Moody's, extortionists, Raphael Satter, David Holmes Organizations: MGM Resorts International, MGM, FBI, U.S, MGM Resorts, Thomson Locations: Las Vegas

☆ MGM Resorts Investigating Cybersecurity Issue at Hotels, Casinos
▼ + stars: | 2023-09-12 | by ( Joseph De Avila | James Rundle | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/hospitality/mgm-resorts-investigating-cybersecurity-issue-at-hotels-casinos-50487828

Persons: Dow Jones Organizations: mgm

Persons: Dow Jones Organizations: mgm

☆ MGM Resorts is facing 'ongoing' cyberattack that sent reservation and booking systems offline
▼ + stars: | 2023-09-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

People walk in front of the MGM Resorts International Bellagio Resort & Casino in Las Vegas, Nevada, on Tuesday, March 17, 2020. Reservation systems, booking systems, hotel electronic key card systems, and the casino floors were all apparently impacted by the outage. MGM operates thousands of hotel rooms across Las Vegas and the United States. Revenue from their hotel rooms in Las Vegas outstrips the revenue directly attributed to their casino operations, according to SEC filings. The company reported Las Vegas rooms revenue of $706.7 million for the quarter ended June 30, compared to casino revenue of $492.2 million for the same period.

Organizations: MGM Resorts, Bellagio, MGM, Revenue, SEC, FBI, Department of Homeland Security Locations: Las Vegas , Nevada, Las Vegas, United States, Vegas

☆ Las Vegas resorts 'on notice' after major ransomware attack hits MGM, says cybersecurity expert
▼ + stars: | 2023-09-12 | 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 EmailLas Vegas resorts 'on notice' after major ransomware attack hits MGM, says cybersecurity expertHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: MGM, CNBC

☆ MGM Resorts shuts down systems due to 'cybersecurity issue' leading to some outages
▼ + stars: | 2023-09-11 | by ( Andi Babineau | ) edition.cnn.com time to read: 1 min

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☆ MGM Resorts shuts down some computer systems after cyber attack
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: 1 min

Sept 11 (Reuters) - MGM Resorts International (MGM.N) has shut down some of its computer systems due to cybersecurity issues, according to a post on the company's website on Monday. The casino and hotel giant is investigating the matter with assistance from external cybersecurity experts and has informed law enforcement agencies. In addition to its physical systems, MGM's official website is also down, with phone numbers provided to reach its hotels and reservation system. Reporting by Pritam Biswas in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.

Persons: Pritam Biswas, Devika Organizations: MGM Resorts International, Thomson Locations: Bengaluru

☆ Goldman says stock market could be choppy into year-end so buy these stocks that are good at returning cash
▼ + stars: | 2023-09-11 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

The uncertainty in the economic picture could put continuous pressure on U.S. equities into the end of 2023, and investors should focus on stocks that are returning cash to shareholders, according to Goldman Sachs. "The economic growth and inflation data flow could create a choppy path for equities in the next few months," David Kostin, Goldman's head of U.S. equity strategy, said in a note to clients. Goldman is not recommending stocks that have dividend and buyback programs in place, rather than companies using cash on capital expenditures as well as research and development. The total cash return basket includes stocks like Tapestry, MGM Resorts and Lowe's. Goldman's target is well above the average forecast of 4,372 among the top 15 Wall Street strategists, according to CNBC Market Strategist Survey.

Persons: Goldman Sachs, David Kostin, Goldman, Kostin, — CNBC's Michael Bloom Organizations: MGM Resorts, CNBC Market, Survey Locations: U.S

LAS VEGAS (AP) — A “cybersecurity issue” led to the shutdown of some casino and hotel computer systems at MGM Resorts International properties across the U.S., a company official reported Monday. “MGM Resorts recently identified a cybersecurity issue affecting some of the company’s systems," the company said in a statement that pointed to an investigation involving external cybersecurity experts and notifications to law enforcement agencies. The nature of the issue was not described, but the statement said efforts to protect data included “shutting down certain systems." A post on the company website said the site was down. The company has tens of thousands of hotel rooms in Las Vegas at properties including the MGM Grand, Bellagio, Cosmopolitan, Aria, New York-New York, Park MGM, Excalibur, Luxor, Mandalay Bay and Delano.

Persons: ”, Brian Ahern Organizations: LAS VEGAS, MGM Resorts, MGM, Bellagio, Cosmopolitan, Park MGM Locations: U.S, Las Vegas, Maryland , Massachusetts, Michigan , Mississippi , New Jersey , New York, Ohio, Nevada, , New York, New York, Luxor, Mandalay Bay, Delano, China, Macau

☆ Here's what investors selling Oracle on the company's mixed quarter and lower guide are missing
▼ + stars: | 2023-09-11 | by ( Jeff Marks | ) www.cnbc.com time to read: +9 min

This momentum is turning into bookings, and that gives me the confidence that our annual revenue growth will continue to accelerate moving forward." These bullish comments — taken together — made the softer fiscal second quarter guide all the more puzzling. But for now, we're chalking up the revenue growth softness to some lumpiness around one quarter to the next. Guidance Oracle's weaker-than-expected fiscal 2024 second quarter guide caused shares to drop a second leg lower after the closing bell Monday. Within that figure, Oracle expects cloud revenue to increase 29% to 31%, which at the midpoint is about stable from the first quarter.

Persons: it's, Oracle, Larry Ellison, Safra Catz, —, we're, we'll, Cerner, Ellison, Katz, Catz, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Oracle, LSEG, Wall, Autonomous Database, Oracle Cloud Infrastructure, Infrastructure, Software, Microsoft, Web Services, Google, Johnson Controls, MGM Resorts, CNBC Locations: Cerner, Redwood Shores , California

☆ Cybersecurity issue prompts computer shutdowns at MGM Resorts properties across US
▼ + stars: | 2023-09-11 | by ( ) www.cnbc.com time to read: +1 min

The Bellagio hotel and casino in Las Vegas, Nevada, on Friday, July 28, 2023. A "cybersecurity issue" led to the shutdown of some casino and hotel computer systems at MGM Resorts International properties across the U.S., a company official reported Monday. "MGM Resorts recently identified a cybersecurity issue affecting some of the company's systems," the company said in a statement that pointed to an investigation involving external cybersecurity experts and notifications to law enforcement agencies. The nature of the issue was not described, but the statement said efforts to protect data included "shutting down certain systems." The company has tens of thousands of hotel rooms in Las Vegas at properties including the MGM Grand, Bellagio, Cosmopolitan, Aria, New York-New York, Park MGM, Excalibur, Luxor, Mandalay Bay and Delano.

Persons: Brian Ahern Organizations: MGM Resorts, MGM, Bellagio, Cosmopolitan, Park MGM Locations: Bellagio, Las Vegas , Nevada, U.S, Las Vegas, Maryland , Massachusetts, Michigan , Mississippi , New Jersey , New York, Ohio, Nevada, , New York, New York, Luxor, Mandalay Bay, Delano, China, Macau

While Woody Allen's film may be a reference point to “American Fiction,” direct comparisons are harder to come by for such a breezy but biting commentary. Directing a film, Jefferson says, wasn't necessarily a lifelong ambition. That “American Fiction” is hard to categorize, he says, might mean he's on the right track. “This being my first movie, I’m eager to find what my voice is,” Jefferson says. ___Follow AP Film Writer Jake Coyle on Twitter at: http://twitter.com/jakecoyleAP

Persons: Percival Everett's, Cord Jefferson, Jeffrey Wright, “ Monk ” Ellison, Cord Jefferson —, ”, ” —, Jefferson, Monk, Wright, John Ortiz, Aeschylus ’ “, —, ” Monk, Stagg R, Leigh, ” Jefferson, Black, Jack City, Annie Hall, Woody, Tracee Ellis Ross, Sterling K, Brown, Erika Alexander, Issa Rae, “ There’s, Larry Wilmore ”, Damon Lindelof, hadn't, “, Jake Coyle Organizations: TORONTO, Toronto, Gawker, MGM, Twitter Locations: Jack, ”, Tucson , Arizona, Tulsa

☆ The powerful ATACMS missile Ukraine may soon get from the US has long range, accuracy, and a lot of firepower
▼ + stars: | 2023-09-09 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

The US is leaning towards sending Ukraine the ATACMS long-range missile, per a new report. ATACMS — a shortening of Army Tactical Missile System — has been one of Ukraine's most pressing requests, because its long range would open up Russian targets too distant to easily attack. The ATACMS is a long-range guided missile with a range of around 300 kilometers, or 190 miles, per its manufacturer Lockheed Martin. The "ATACMS' pinpoint accuracy helps minimize collateral damage," Jim Gribschaw, a director at Lockheed Martin said of the missile. US Army photoThe US had initially been reluctant to provide the missile system.

Persons: Lockheed Martin, Ryan Hageali, Jim Gribschaw, Ben Hodges, Jake Sullivan, Biden, Abrams Organizations: Service, ATACMS, ABC News, Tactical Missile, Lockheed, MGM, Tactical Missile System, US Marine Corps, TNT, US Army, National Locations: Ukraine, Wall, Silicon, Russia, Australia, Northern Territory, US, Iraq

☆ Fanatics and ESPN are ready to shake up sports betting this fall. Here are the 5 battlegrounds to watch during the biggest gambling season of the year.
▼ + stars: | 2023-09-08 | by ( Ashley Rodriguez | Margaret Fleming | ) www.businessinsider.com time to read: +10 min

The start of the regular NFL season kicks off the biggest sports-betting season of the year. Here are the battlegrounds to watch as Fanatics and ESPN Bet enter and Bet365 gains share. The NFL kicked off Thursday night, and so did the biggest season of the year for US sports betting. It ranked fourth among more than 40 apps in EKG's national panel of "secret shopper"-style app testers — behind only FanDuel, DraftKings, and PointsBet. "There's one strategy: you have to be early, you have to be ahead of the start of the season," Beynon said.

Persons: We've, Macquarie, Chad Beynon, Bet365, Chris Krafcik, Krafick, EKG, Penn, It's, Sportsbook, isn't, Beynon, That'll, DraftKings, it's, BetMGM, Entain, Wynn Organizations: NFL, Bank of America, ESPN Bet, Penn Entertainment, Fox, Krejcik, ESPN, DraftKings, Penn, BetMGM, Caesars, MGM, Angstrom Sports, Wynn Resorts, Rush, Interactive Locations: Ohio, Colorado, Virginia, BetMGM, FanDuel, Macquarie, Las Vegas, Chicago, Connecticut

☆ Wall Street says these gaming stocks have big upside as NFL kick-off boosts interest
▼ + stars: | 2023-09-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The NFL season began on Thursday, with the Detroit Lions defeating the Kansas City Chiefs. The gaming stocks listed below have buy ratings from more than 60% of analysts and upside to the average price target of greater than 20%, according to FactSet. Caesar's Entertainment has the most upside on the list, with an average price target 37% above its most recent closing price. Barclays analyst Brandt Montour said in a Sept. 7 note to clients that Caesar's could see a boom in non-sports online gambling. DraftKings is Needham's top pick in gaming, though the average analyst price target on the stock is below 20%.

Persons: Brandt Montour, We're, Montour, skews, Churchill, FactSet, DraftKings, Needham, DKNG, Bernie McTernan, — CNBC's Michael Bloom Organizations: NFL, Wall Street, Detroit Lions, Kansas City Chiefs, Caesar's Entertainment, Barclays, MGM Resorts International, Kentucky Derby Locations: U.S, 3Q23

The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of casino and gambling experts from the United States. Gambling is currently illegal in the UAE, where some laws are based on the Quran, which forbids the practice. The new federal body, called the General Commercial Gaming Regulatory Authority (GCGRA), would create a “regulatory framework for a national lottery and commercial gaming,” according to Emirati state media WAM. “[GCGRA will] facilitate unlocking the economic potential of commercial gaming responsibly,” WAM said. “I look forward to establishing a robust regulatory body and framework for the UAE’s lottery and gaming industry,” Mullally said on his new appointment, according to WAM.

Persons: ” WAM, Kevin Mullally, Jim Murren, Mullally, ” Mullally, Ras Al Khaimah, Craig Billings, ” Billings Organizations: Abu Dhabi CNN —, United Arab, Gaming Regulatory Authority, Industry, MGM Resorts International, MGM, Gaming Laboratories, Wynn Resorts, United, WYNN, Wynn Hotels, Global, Caesars Entertainment, Royal, Royal Caribbean Cruise, UAE, Costa Cruises, Bloomberg Locations: Abu Dhabi, United Arab Emirates, UAE, United States, Ras Al, Dubai, Royal Caribbean, Singapore

☆ $2.2 Million Homes in California
▼ + stars: | 2023-09-04 | by ( Angela Serratore | ) www.nytimes.com time to read: +1 min

It was recently renovated and has new electrical and plumbing systems; new interior and exterior lighting; and new windows. The property is less than half a mile from hiking trails that wind through the Upper Las Virgenes Canyon Open Space Preserve. The Commons at Calabasas, a large shopping center, is about 10 minutes away. Downtown Los Angeles is an hour’s drive. Size: 2,776 square feetPrice per square foot: $792Indoors: The front yard was landscaped during the renovation, and wide concrete stairs complement the plantings, leading up to the front door.

Persons: Charles Du Bois Organizations: MGM, Malibu, Downtown Locations: Los Angeles, Calabasas, Downtown Los Angeles

☆ Las Vegas is the latest flashpoint between workers and AI, from robot bartenders to casino security guards
▼ + stars: | 2023-09-04 | by ( Alex Bitter | ) www.businessinsider.com time to read: +4 min

AI is in the early stages of replacing some human work in Las Vegas, NPR reported on Monday. Restaurants, bars, casinos, and other attractions in the city are using AI instead of humans for some jobs, NPR reported Monday. Tipsy Robot, the name of the robot-powered bar shown in the TikTok video, already has two locations on the Las Vegas strip, NPR reported. AdvertisementAdvertisementIn another example, the M Resort, located south of Las Vegas proper in Henderson, Nevada, started using a security robot in its parking lot earlier this year. But she also said that robots can't provide the same personal service that many Las Vegas workers offer.

Persons: Ted Pappageorge, Pappageorge, emgaudy3, Sabrina Bergman, lasvegaslina, Holly Lang, Lang Organizations: NPR, Service, Nevada Independent, Culinary Union, MGM Locations: Las Vegas, Wall, Silicon, Southern Nevada, Nevada, Vegas, Henderson , Nevada

☆ The NFL season is almost here. These stocks could benefit — for a few days
▼ + stars: | 2023-09-03 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The 2023 season starts on Sept. 7, with the defending Super Bowl champion Kansas City Chiefs hosting the Detroit Lions. The next few days could be a good short-term trading opportunity for the sports betting stocks, according to a Wednesday note from the Bank of America consumer trading desk. "Online Gaming stocks have a history of rallying into and on the start of NFL Season, though less so after," the note said. The biggest pure-play online sports betting stock in the U.S. is DraftKings , with a market cap of more than $12 billion. DKNG YTD mountain DraftKing's stock price has more than doubled in 2023.

Persons: Refinitiv, BETZ, — CNBC's Michael Bloom Organizations: NFL, Super Bowl, Kansas City Chiefs, Detroit Lions, Bank of America, Wall, Ceasars Entertainment, MGM Resorts International, Penn Entertainment, ESPN, iGaming Locations: U.S, Barstool

☆ She texted her mom on vacation: ‘I’ve met my husband.’ Here’s what happened next
▼ + stars: | 2023-09-01 | by ( Francesca Street | ) edition.cnn.com time to read: +15 min

‘Like a movie’Here's Michael and Isis on the Puerto Rico vacation in 2018. I’m already having a good time with my friends,’” Michael tells CNN Travel today. Michael and Isis’ sister were part of the same extended friend group at college, so he was intrigued to meet Isis. But Isis’ sister was, at first, less convinced. The couple started talking about moving somewhere new together and settled on Dallas, Texas, where they moved in 2019.

Persons: Woods, Michael Bradford, ”, “, who’d, Atlanta , Georgia –, Isis, Isis –, unquote, Isis ’, Michael, Isis Bradford, I’m, ’, ’ ”, ” Isis, –, Michael didn’t, Michael’s, We’re, let’s, ” Michael, she’d, Here's Michael, She’d, he’d, they’d, Isis Bradford Isis, ” “ Organizations: CNN, Caribbean, Concha Renaissance San, Resort, CNN Travel, La Concha, Puerto Rico, Washington D.C, MGM, Vegas Locations: Puerto Rico, Atlanta , Georgia, Condado, La, San Juan, Puerto, Atlanta, Washington, loggerheads, Dallas , Texas, Michael’s, Sintra , Portugal, Las Vegas, “

☆ South Korea is working on an 'arsenal ship' in case it has to shower North Korea with missiles
▼ + stars: | 2023-08-31 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +9 min

If completed, they would be the first arsenal ships ever built and would mark another accomplishment for South Korea's burgeoning defense industry. AdvertisementAdvertisementThe arsenal shipAn illustration of a possible arsenal ship published in the US Navy's All Hands magazine in May 1995. South Korean interestA North Korean Hwasong ICBM in March 2022. Given the number and types of missiles South Korea's arsenal ships would carry, they could be involved in all three axes — all while staying mobile. AdvertisementAdvertisementHanwha Ocean's arsenal shipFew details about South Korea's arsenal ship program have been released.

Persons: Shoup, Neil Mabini, Haeseong Organizations: South, North, Service, International Maritime Defense Industry, South Korean, South Korea's Ministry of National Defense, US Navy, US, Russian Navy, Navy, RIM, MGM, Tactical Missile System, Air Force, Getty, Korea Air and Missile Defense, Korean, Daewoo Shipbuilding, Marine Engineering, Naval News, South Korea Defense Ministry, NUR Locations: North Korean, Wall, Silicon, South Korean, Busan, Soviet Union, Korean, Korea, Seoul, South Korea

☆ Comeback kids: These stocks could be ready to regain their 2023 momentum after rough August
▼ + stars: | 2023-08-30 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

As investors turn the page on a rough August, CNBC Pro found stocks that are set for comeback if the market regains its footing. Investors are in the last week of what has been a difficult month for stocks. CNBC Pro surfaced some stocks that could be due for a comeback. A slew of travel and entertainment names surfaced on the list. Expedia Group , MGM Resorts International and Wynn Resorts were other travel stocks that surfaced on the list.

Persons: David Sneddon, It's, Vivek Arya, Ralph Lauren, Jay Sole, — CNBC's Michael Bloom Organizations: CNBC Pro, Nasdaq, Investors, Wall Street, American Airlines Group, Caesars Entertainment, Cruise Line Holdings, Cruise, Expedia, MGM Resorts International, Wynn Resorts, Technology, Bank of America, UBS Locations: Beta

☆ Venice Film Festival 2023: What to Watch For
▼ + stars: | 2023-08-29 | by ( Kyle Buchanan | More About Kyle Buchanan | ) www.nytimes.com time to read: +1 min

A year ago, the Venice Film Festival had enough star power to put even celebrity-worshiping Cannes on notice. But without all of those celebrities, can Venice still go viral? That puts Venice in a bind, as it’s regarded as one of the best places for Hollywood to unveil starry awards-season titles. (A low-profile Italian film is opening instead.) And I’ve heard of a few more starry fall films that were earmarked for Venice but opted for the Telluride Film Festival instead, since that event is less driven by the photo ops and news conferences that are no longer feasible in Italy.

Persons: Olivia Wilde, Florence Pugh, Harry Styles, Chalamet, Brendan Fraser, Oscar, Luca Guadagnino’s, I’ve Organizations: Venice Film, Screen Actors, Writers Guild of America, Hollywood, ”, MGM, Telluride Locations: Venice, Cannes, Italy

☆ It Takes Patience to Live in a Famous House
▼ + stars: | 2023-08-25 | by ( Candace Taylor | ) www.wsj.com time to read: 1 min

Thanks to social media and Google maps, homes that are even moderately well-known can now be inundated with people eager to take selfies or relive on-screen moments. The real-life Dutch Colonial Revival house on which "The Amityville Horror" book and film series were based had a distinctive façade and windows that have since been renovated, in part, to discourage tourism. Photo: MGM/Entertainment Pictures/Zuma

Persons: Zuma Organizations: MGM, Entertainment Pictures

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