secwatch.observer — SEC 8-K summary
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Issuer:     MGM Resorts International (MGM)
CIK:        0000789570
Form:       8-K
Filed at:   2023-10-05T23:59:59+00:00
Accession:  0001193125-23-251667
Event type: cyber
Sentiment:  negative
Materiality: 0.78
Item codes: 2.02, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

MGM reports ~$100M EBITDAR hit from cyber incident; customer data accessed
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- Cyber incident reduced Q3 Adjusted Property EBITDAR by ~$100M for Las Vegas Strip and Regional Operations.
- September occupancy fell to 88% vs 93% prior year; expects 93% in October and full rebound in November.
- Customer personal data before March 2019 accessed; limited SSN and passport numbers for some.
- One-time expenses less than $10M in Q3; company believes insurance will cover financial impact.
- No evidence data used for identity theft; no bank account or payment card info accessed.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/789570/000119312523251667/0001193125-23-251667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/789570/000119312523251667/d461062d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-251667

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