Jefferies analysts say MGM generates about $42 million in revenue and $8 million in cash flow daily companywide. MGM on Sunday entered its second week of operations after a cybersecurity breach. that included an estimate that MGM could take a 10 percent to 20 percent hit on revenue and cash flow “for the days that the current conditions exist.” MGM Resorts International could be losing between $4.2 million and $8.4 million in daily revenue and around $1 million in cash flow every day it’s under a cyberattack, a gaming industry analyst said in a Sunday report to investors.ĭavid Katz, an equity analyst with New York-based Jefferies Group, in a weekly report on gaming, lodging and leisure companies, updated his Thursday assessments of MGM and Caesars Entertainment Inc.
(Ellen Schmidt/Las Vegas Review-Journal via AP)
A cybersecurity attack is still disrupting hotel and casino operations MGM Resorts International and Caesars Entertainment. Guests walk through New York New York past a sign about MGM's 'unforeseen difficulties' on Friday, Sept.
