MGM Resorts Cybersecurity Incident: No Impact on MGM China Holdings

A recent cybersecurity incident affecting MGM Resorts International properties in the United States has raised concerns about data security. However, MGM China Holdings Ltd, which operates properties in Macau, assures that its operations remain unaffected by the incident. This article provides an overview of the situation and its impact.

MGM Resorts Cybersecurity Incident:

1. Scope of the Incident: On Sunday, MGM Resorts International experienced a cybersecurity issue that led to the shutdown of computer systems at several casino and hotel properties across the United States.
2. Affected Operations: The incident resulted in various disruptions, including the inability to check in online, process credit card transactions, access cash machines, and use key cards for room entry. Reports also indicated that slot machines were offline.
3. Company Response: MGM Resorts promptly initiated an investigation with assistance from cybersecurity experts and notified law enforcement agencies. The company clarified that it had taken steps to safeguard its systems and data, including shutting down specific systems.
4. Ongoing Investigation: The U.S. Federal Bureau of Investigation (FBI) confirmed its involvement in the investigation. MGM Resorts stated that its efforts to resolve the matter were ongoing. However, the company did not specify the number of properties affected or provide an estimate of financial losses.
5. Previous Incidents: This marks the second cybersecurity incident involving MGM Resorts in recent years. In 2019, the company reported a breach in which hackers accessed over 10 million customer records.

MGM China Holdings Unaffected:

MGM China Holdings Ltd, a subsidiary of MGM Resorts International, has assured that its properties in Macau, including MGM Macau and MGM Cotai, operate independently with their IT systems. Consequently, these operations have not been impacted by the cybersecurity incident in the United States.

While MGM Resorts International grapples with a cybersecurity issue affecting its U.S. properties, MGM China Holdings remains unscathed, assuring the continued operation of its Macau-based resorts. The incident underscores the critical importance of cybersecurity in the gaming and hospitality industry, with authorities investigating the matter to ensure data security and prevent future breaches.