The total cost for the MGM Grand and its theme park was $1 billion. The MGM originally opened with a theme park, MGM Grand Adventures, which operated on 33 acres (13 ha) northeast of the resort.

The resort's dominant theme was the 1939 MGM film The Wizard of Oz, although such theming would be removed during a two-year renovation that began in 1996. The MGM Grand includes a 171,500 sq ft (15,930 m 2) casino, the world's largest at the time of opening. Much of the hotel is 30 stories, excluding a 14-story section, which originally opened as the Marina Hotel in 1975. With more than 5,000 rooms, it was the largest hotel in the world at the time of its opening. Planning began in 1989 for the new MGM Grand. Kerkorian had previously developed another MGM Grand, opened on the Strip in 1973 and renamed Bally's in 1986. The resort was developed by Kirk Kerkorian through his company, MGM Grand, Inc. It is owned by Vici Properties and operated by MGM Resorts International. The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada. 'Our investigation is ongoing and we are working diligently to determine the nature and scope of the matter,' MGM said in a post on the social media website X on Monday.36☀6′08″N 115☁0′10″W / 36.1022°N 115.1695°W / 36.1022 -115.1695 MGM Resorts' website was 'currently unavailable,' according to a holding message posted to the group's homepage. cybersecurity watchdog agency CISA were not immediately returned. Messages seeking further comment from MGM and the U.S. Moody's analysts said in a report that the incident 'highlights key risks related to (MGM's) business operations' heavy reliance on technology and the operational disruption caused when systems need to go offline or are inoperable.' 'Casinos around the world should be on heightened alert because ransomware groups love it when they get this kind of attention, so we will likely see copycats.' 'They're more likely to get paid because they're disrupting casino operations,' said Allan Liska, intelligence analyst at the security firm Recorded Future. Such attacks are typical hallmarks of ransomware incidents in which extortionists encrypt victims' computer systems and demand ransoms in digital currency.Īnalysts say casinos are prime targets of financially-motivated cybercrimes. The rating agency Moody's warned the breach could negatively impact MGM's credit rating. The FBI said on Wednesday it was investigating the incident, but did not elaborate. 'They leverage tradecraft that is challenging for many organizations with mature security programs to defend against,' Carmakal said.

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