Yesterday, news broke that MGM Resorts was hacked last summer. According to reports, more than 10 million individuals had their personal information posted online. Today, we’re going to explain what we know about the MGM Resorts hack so far.
Many were unaware that this hack even took place. It’s likely that many individuals had their information posted and didn’t know about it. Before we get into the details of this hack, we’ll look at some of MGM’s recent company changes.
Let’s get into it!
Jim Murren Officially Steps Down As CEO of MGM Resorts
Since the 90s, MGM Resorts has been run by Jim Murren. During his tenure with the company, Murren has helped to significantly expand and improve this property. Recently, he announced that he’s stepping down as CEO of the company.
Murren’s contract was set to expire soon. It appears he’s ready to call it a day just a little earlier than expected. Now, officials within MGM Resorts are working to find a suitable replacement. As of now, it’s still unclear who will step into the CEO role.
Many are sad to see Jim Murren leave. He’s been a huge part of the company for years and is widely credited for helping to save the company during the financial crisis of 2008-2009. He’s also responsible for some of the company’s major Las Vegas casino-resort sales over the past few years.
His departure comes at an interesting time. MGM Resorts is currently dealing with several things at once. For weeks, it’s been forced to deal with issues in Macau. Fortunately, that situation seems to be improving.
News reports now claim that the company was hacked last year. It’s the last thing MGM Resorts needed right now. Here’s what we know about this hack.
MGM Resorts Hack Affects 10.6 Million Individuals
MGM Resorts International is one of the biggest casino companies in the world. It’s based in Las Vegas and owns many of the world’s most profitable gaming venues. This company also offers M Life Rewards, one of the most popular casino loyalty programs in the country.
Unfortunately, even MGM isn’t safe from hackers. According to the website ZDNet, the information of 10.6 million individuals was posted online. The site eventually asked about the MGM Resorts hack to company officials, who offered this response.
“Last summer, we discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests of MGM Resorts,” MGM said. “We are confident that no financial, payment card or password data was involved in this matter.”
The personal information on millions of tourists, which include government officials, tech CEOs, and reporters was posted to a popular hacking website. The information posted includes full names, home addresses, and phone numbers. MGM Resorts claims the informed the affected individuals last year.
The exact identity of this hacker is still unknown. Reports indicate that they are a part of GnosticPlayers, a hacking group that’s illegally claimed more than a billion personal records over the past few years. We’ll need to wait and see if any individuals affected by the MGM Resorts hack decide to take legal action in any way.
MGM Resorts’ Operations in Massachusetts Finally Improve
As we already mentioned, MGM Resorts is going through a lot right now. This includes the aforementioned departure of Jim Murren. For years, this company has also been working to bring in new gamblers to the MGM Springfield property in Massachusetts.
Lawmakers in Massachusetts decided to allow land-based casinos in the state back in 2011. The first casino to open here was the MGM Springfield. Initially, analysts predicted that this would be one of the most successful new casinos in the country.
Unfortunately, this has not been the case. Since opening in 2018, MGM Springfield has struggled to generate revenue. Things got even worse once the Encore Boston Harbor casino-resort opened to the public last year.
Fortunately, things seem to be finally improving here. Last month, gambling revenue increased here considerably. Interestingly, Encore Boston Harbor’s revenue dropped. Company officials hope this trend continues.
The MGM Resorts hack is very unfortunate. We’re likely to hear more about this over the next few months. Stay tuned for updates!