The company generates some $42 million in revenue and $8 million in cash flow daily, according to Katz.
MGM Resorts has officially entered its eighth day of “cybersecurity issues” that have silenced slot machines and shut down internal computer systems, costing the hotel and casino chain as much as $8.4 million per day in daily revenue.ĭavid Katz, a gaming industry analyst with Jefferies Group, issued a note estimating that MGM could take a hit of between 10% and 20% on revenue and cash flow. How Las Vegas shed the stigma, landed the A’s and became the hottest city in sports It took 9 minutes for $500 million Las Vegas Grand Prix to have its first catastrophe - and everyone is angry Ring in the New Year at Resorts World Las Vegas and save up to 40% off Four teens accused of viciously beating Las Vegas classmate to death seen for first time, face murder charges as adults
