MGM Resorts admits cyberattack cost $100M in lost profits
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Newport Casino was created in 1880. Kretinsky, who made his fortune in the energy sector with a string of high-stakes purchases and now owns a house near the Elysee Palace in Paris, is also in talks to become the biggest shareholder in French IT consulting firm Atos. The company made the disclosure in a regulatory filing on Thursday evening, nearly a month after hackers caused massive disruptions that froze online booking systems, knocked slot machines offline, and even disabled digital locks on hotel room doors.
Kretinsky's Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. It is run by a loyal inner circle of managers, some with small equity stakes. "He's combining business with pleasure." "He's decided to accelerate this development in France, which is all the more interesting for him as he's a francophone and a Francophile," said Denis Olivennes, Kretinsky's right-hand man in France. He is also facing political headwinds in his quest to buy Atos' legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.
The 2016 takeover of Vattenfall's German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal. 'We also believe a more limited number of Social Security numbers and passport numbers were obtained. We have no evidence that the criminal actors have used this data to commit identity theft or account fraud.' After the attack last month, videos posted from MGM properties on the Las Vegas Strip, including ARIA and Bellagio, showed painfully long check-in lines, and some slot machines that were knocked offline.
Companies under Kretinsky's control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said. EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks. Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines.
That's in contrast to Caesars Entertainment, which suffered no public disruptions after reportedly paying about $15 million to hackers in a breach last month, believed to have been carried out by the same Russia-linked ransomware gang that struck MGM Here's more info regarding online casino 100 no deposit bonus take a look at the page. .
Kretinsky's Prague-based holding firm employs around 250 people, with only a small plaque to signal its presence on the appropriately-named boulevard-style Paris Street. It is run by a loyal inner circle of managers, some with small equity stakes. "He's combining business with pleasure." "He's decided to accelerate this development in France, which is all the more interesting for him as he's a francophone and a Francophile," said Denis Olivennes, Kretinsky's right-hand man in France. He is also facing political headwinds in his quest to buy Atos' legacy operations in France and failed to win the auction for German utility Steag earlier this year, sources with knowledge with the situation said.
The 2016 takeover of Vattenfall's German mines and 8,000 megawatt coal power plants is one example, where Kretinsky received 1.7 billion euros ($1.8 billion) in cash to buy the assets and the Swedish group booked a large loss on the deal. 'We also believe a more limited number of Social Security numbers and passport numbers were obtained. We have no evidence that the criminal actors have used this data to commit identity theft or account fraud.' After the attack last month, videos posted from MGM properties on the Las Vegas Strip, including ARIA and Bellagio, showed painfully long check-in lines, and some slot machines that were knocked offline.
Companies under Kretinsky's control or joint control had core operating profits (EBITDA) of more than 9 billion euros last year and assets of more than 80 billion euros, an EPH spokesperson said. EPH reported earnings before interest, tax, depreciation and amortisation of 4.3 billion euros for 2022. The FBI strongly advises against paying ransoms to hackers, warning that bowing to the demands only encourages further attacks. Still, many companies quietly meet ransom demands to avoid business disruptions and negative headlines.
That's in contrast to Caesars Entertainment, which suffered no public disruptions after reportedly paying about $15 million to hackers in a breach last month, believed to have been carried out by the same Russia-linked ransomware gang that struck MGM Here's more info regarding online casino 100 no deposit bonus take a look at the page. .
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