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Cyberattacks Over for MGM & Caesars, But the Lawsuits Are Just Beginning

September 26, 2023 | By: Alex Weldon

MGM Resorts International and Caesars Entertainment are each facing multiple proposed class action lawsuits over the customer data allegedly compromised in the cyberattacks against the two companies earlier this month. To Bonus’s knowledge, there are two such suits against MGM and four against Caesars so far. All are federal suits filed in Nevada District Court, […]

MGM & Caesars Hackers Are Targeting More Companies, Responsible For Hundreds of Attacks

September 22, 2023 | By: Chav Vasilev

Identity management company Okta says the cybercriminal groups that attacked Caesars and MGM Resorts are also behind three other attacks in the past two months, outside the gambling sector. Without naming specific companies, David Bradbury, Okta’s Chief Security Officer (CSO), told Reuters that the victims were in manufacturing, retail, and technology. On Sep. 11, MGM […]

MGM Getting Back to Normal Following Cyberattack, May Receive Insurance Payout

September 20, 2023 | By: Alex Weldon

MGM Resorts International announced this morning, Sep. 20, that most of its operations are back to normal following over a week of disruptions caused by a cyberattack. The company’s website went down early last week, along with many network-reliant services at its brick-and-mortar properties. In a statement on its account on X (formerly Twitter), the company […]

MGM & Caesars Investors Unfazed as ALPHV Hacker Group and Casinos Issue Statements

September 15, 2023 | By: Alex Weldon

MGM Resorts and Caesars Entertainment have both issued statements confirming they’ve suffered social engineering or cybercrime attacks. Now, one of the hacking groups apparently involved has issued its own statement. However, investors in the companies don’t seem to be particularly concerned, as their stock prices have only taken a slight dip over the past week. MGM suffered the more […]

Is 2023 the Financial Turning Point for Online Gambling Operators in the US?

The second quarter of 2023 was an important period for the young US online gambling industry, as many companies are reporting that their online operations turned profitable for the first time. For years, even the biggest operators had been outspending their revenues, creating impatience among investors and contributing to the slump most gaming stocks experienced […]

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