Caesars confirmed a recent hack that caused it to incur costs, but it's not clear if that means the company paid hackers a ransom.
MGM Resorts International and rival Caesars Entertainment Inc. offered updates Thursday on recent cyberattacks, but the two hotel and casino operators left some stakeholders clamoring for more information.
MGM Resorts filed an 8-K form with the Securities and Exchange Commission on Tuesday, indicating that the cyberattack — which has shut down its website and affected credit-card transactions, digital hotel-room keys, slot machines and sports-betting kiosks — poses a material risk to the company. “For hotel reservations arriving September 13-17, 2023, we understand your travel plans may have changed, so we are waiving change and cancellations fees,” said a message on the site.
Caesars CZR, +1.28%, meanwhile, disclosed Thursday that it had recently identified “suspicious activity” in its information-technology network resulting from a “social engineering attack” on an outsourced IT support vendor. The company said it has incurred, and may continue to incur, certain expenses related to the attack, including expenses to respond to, remediate and investigate the matter.
The news comes as the SEC is gearing up for a new rule that goes into effect in December and will mandate that companies disclose hacks within four days of being deemed material to their business.
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