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The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. The company expects the breach will have a negative impact of about $100 million to its adjusted property core profit for its Las Vegas Strip division, and expects total occupancy of 93% this October versus 94% in the same month a year ago. One of the world's largest gambling firms, MGM shut down its systems after detecting the attack to contain damage, it said.
It expects to also incur less than $10 million as a related one-time cost in the quarter ended on Sept. McEwan, 75, said writers should be able to express themselves freely without fear of reprisal - after classics by the likes of Roald Dahl and Ian Fleming were given the 'sensitivity' treatment earlier this year. MGM said it is "well-positioned" to have a strong fourth quarter with record results in November, driven mainly by a Formula One racing event slated to take place in Las Vegas.
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