LAS VEGAS (KLAS) — MGM Resorts International expects to reach an agreement with the Culinary Union today, according to CEO Bill Hornbuckle.
That follows this morning’s announcement of a tentative agreement between Caesars Entertainment and the union.
Hornbuckle made the comment as the company’s third-quarter earnings were announced, where he was expected to talk about the August cyberattack’s impact on Las Vegas operations. Revenue for Las Vegas Strip resorts was nearly $200 million below levels reported in Q3 of 2022.
Officials said insurance would cover the costs the company suffered as a result of the loss of the cyberattack.
Hornbuckle said the company went “to hell and back” as the cyberattack played out, and took time to thank employees for maintaining a high level of service.
This is a developing story. Check back for updates.