MGM Resorts expects deal with Culinary today, CEO says

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.

Original News Source Link – KLAS

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