![]() ![]() MGM Resorts, which owns a 50% stake in BetMGM with gambling giant Entain, is benefiting from a growing U.S. MGM reported an operating income of $370 million in Q3 2023 compared to an operating loss of $1 billion in Q3 2022. ![]() With the incident now behind us, we are a stronger company having been through the challenge.” While we were faced with a difficult cybersecurity issue in September, our employees rose to the occasion with incredible resilience and determination. “We started the quarter with great momentum across our businesses. ![]() The entertainment and hospitality giant attributed the growth to an increase in revenue at its MGM China property despite a roughly $100 million loss due to a cyberattack in September 2023 that impacted a slew of systems. MGM Resorts - the co-owner of BetMGM - generated $4 billion in revenue in Q3 2023, a 16% increase compared to the same period last year. The part-owner of one of America’s largest sports betting operators reported favorable third-quarter results. ![]()
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