MGM Cyber Attack

Heim

EOG Master
It's huge....most automated systems are down. Slot players have to be hand paid for any amount. This is affecting all MGM properties.

IT specialists are speculating that it will take MGM properties a month to recover. Casinos are basically empty.

Check in is done with a clipboard and pencil. Only accepting walk-ins now.

There's a rumor that Caesars paid 30 million to avoid similar attack.
 

Neveragain

EOG Dedicated
There's a rumor that Caesars paid 30 million to avoid similar attack.
This is a common occurrence for smaller casinos but hackers have now gone whale hunting.
Some Casino companies also buy “Hacker insurance”.
If you’re hacked, you pay ransom, and file an insurance claim. Makes sense.

This has been going on for a few years.
Casinos that pay ransom try and keep it hush, hush.
Bad Publicity.
 

Sleepy

EOG Master
So you could say you stuck 1000 in a machine when you really put in 20 and they would pay you the 1000?
 

blueline

EOG Master
I have $100 in MGM slot dollars from a credit card promo...hope those are safe

On a more serious note apparently you can't order takeout from a restaurant because they can't process it ...thats how far-reaching this is
 

railbird

EOG Master
I have $100 in MGM slot dollars from a credit card promo...hope those are safe

On a more serious note apparently you can't order takeout from a restaurant because they can't process it ...thats how far-reaching this is
need to hand pay and take cash
 

blueline

EOG Master
Caesars is expected to disclose the cyberattack in a regulatory filing imminently, the people said. The disclosure of the alleged Caesars breach comes as another Las Vegas entertainment giant, MGM Resorts International, announced that it was hacked earlier this week.


Caesars didn’t respond to requests for comment. The company’s shares dropped 2.7% Wednesday to $52.35.

The group behind the attack is known as Scattered Spider or UNC 3944, according to the people. Its members are skilled at social engineering in order to gain access to large corporate networks, according to cybersecurity experts. In the case of Caesars, the hackers first breached an outside IT vendor before gaining access to the company’s network, according to the people.
 

blueline

EOG Master
The hackers began targeting Caesars as early as Aug. 27, according to one of the people.

Members of the hacking group are believed to be young adults, some as young as 19 years old, residing in the US and the UK, according to a person who has investigated multiple hacks by the group.
 

Neveragain

EOG Dedicated
Supposedly the same thing happened at Caesars, and they paid a $30,000,000 ransom fee where MGM did not.
Is it possible that these payments to hackers might impact the P&L at MGM and
wipe out most of the executive bonus payments or stock purchase options for the quarterly accounting period.

Who cares about customers lining up at ‘check in’ when my wife’s new Tesla birthday present I ordered is in jeopardy?
 

mr merlin

EOG Master
Are they still down? Imagine all the people that had real money in a machine and had to leave vegas to go home? If they weren't using a card they're screwed. Perhaps even if they were they are.
 

howid

EOG Dedicated
happened here a few months ago with the Gateway Casinos hacking.

cashing out, some machines would give you a voucher while others required a hand pay to get your money.

you can hold on to the vouchers until things get back to normal. a lot of people simply left the casino instead of waiting hours.
 

Heim

EOG Master
If you read the response from the hackers to MGM, this attack was retribution against 4 execs who cashed out for 30 million of stock
after they baked the books because they knew the stock price would tank this fall.
 

mr merlin

EOG Master
If you read the response from the hackers to MGM, this attack was retribution against 4 execs who cashed out for 30 million of stock
after they baked the books because they knew the stock price would tank this fall.
It sounds like shit is still not back to normal, booking, the comp system and billing is all messed up.
 

Heim

EOG Master
On a unrelated note, Resorts World dumped their president, this guy was a piece of work. Mob ties, affiliated with a bookie operation
in Cali. Who knew the now defunct Tacos de Carbon (in RW) had mob ties?
 

pro analyser

EOG Dedicated
On a unrelated note, Resorts World dumped their president, this guy was a piece of work. Mob ties, affiliated with a bookie operation
in Cali. Who knew the now defunct Tacos de Carbon (in RW) had mob ties?
The Resorts world sportsbook management is the worst. Limits cut to $200 after one day and if I want to bet the $200 they take their time before moving the line a full pt against me, That's even if everyone is dealing the same line. Needless to say I withdrew my money after they did that 3 times in one day. If they think I was smart(im not) they could take that info and move their line to make money on the "right" side.
 

Heim

EOG Master
The Resorts world sportsbook management is the worst. Limits cut to $200 after one day and if I want to bet the $200 they take their time before moving the line a full pt against me, That's even if everyone is dealing the same line. Needless to say I withdrew my money after they did that 3 times in one day. If they think I was smart(im not) they could take that info and move their line to make money on the "right" side.


That's exactly what Krackman was talking about this morning on VSIN. Gaming should look into that. And you're right, they should use that info to their benefit rather than alienate the player.
 

mrbowling300

EOG Dedicated
That's exactly what Krackman was talking about this morning on VSIN. Gaming should look into that. And you're right, they should use that info to their benefit rather than alienate the player.
I love listening to Krackman each week. Almost a must listen!
 
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