Is MGM Resorts International (MGM) Stock at Risk After Cyber Attack?

[Investing Insights Daily]( October 3rd, 2023 SPONSORED AD [Innovative firm at forefront of AI could boom]( What are the biggest stock market opportunities today? We reveal them in our Free ZipTrader Market Reports. In our newest issue we discuss a tiny AI stock that could corner various markets in no time...you'll find out what this company is, its ticker, and the latest AI project it's working on that could drive share prices to record highs. [Get the next free issue here.]( [Is MGM Resorts International (MGM) Stock at Risk After Cyber Attack?]( In a severe incident earlier this month, MGM Resorts International ([MGM]( was crippled by a cyberattack affecting its operations. A hacking group named [Scattered Spider brought down the systems of MGM]( leading to several systems remaining paralyzed for a few days. This critical downtime forced the company to shut down selected operations to manage the issue. Consequential losses from the onslaught could very well be sizable. According to Jefferies gaming industry analyst David Katz, the company is projected to face a near-term [loss between 10% and 20%]( in revenue and cash flow “for the days that the current conditions exist.” Adding to MGM’s predicament are [class action lawsuits]( lodged against the company. The allegations accuse the organization of neglecting to protect its customer base from cyberattacks experienced this month. This combination of factors could exert intense… Continue reading at [STOCKNEWS.com]( NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. [Privacy Policy]( | [Terms & Conditions]( This email contains a paid advertisement.This is not a solicitation for the purchase or sale of securities. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice, prior to making any investment decision. Advertisements and sponsorships are provided as a service to Stock News users. Stock News is not responsible for their content, services or products. The statements and opinions contained in this advertisement are not those of Stock News, and Stock News disclaims any liability for or arising from such statements and opinions. You are hereby advised that Stock News is receiving a fee as compensation for the distribution of this advertisement. [Click here to unsubscribe]( Copyright © 2023 Investing Insights Daily News, part of StockNews.com - POWR Stock Rating, Market Outlook & Investment Insights Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10019