MGM CEO discusses Las Vegas, cyberattack costs and gaming outlook
MGM Resorts International chief executive Bill Hornbuckle discussed the company’s Las Vegas business, online gaming and the 2023 cyberattack at a Global Gaming Expo event, according to a media report. Hornbuckle said the attack had a $100 million price tag and that MGM was recovering some losses; he also said gaming revenue around the Formula 1 event was on par with or could exceed 2023 levels.
MGM’s comments provide investors and suppliers with the company’s account of cyberattack recovery and Las Vegas trading conditions.