Report: Caesars Pays Millions In Ransom To Hackers

Just days before MGM's computer systems were compromised in a cyberattack, casino operator Caesars paid a ransom of $15 million to a cybercrime group that successfully infiltrated and disrupted its systems.

Caesars does not expect the ransom payment or its aftermath to have a significant impact on the company's bottom line, as indicated in an 8-K filing. I Photo: Bernard Spragg. NZ Flickr

This development was reported by Rohan Goswami and Contessa Brewer for CNBC.

Caesars does not expect the ransom payment or its aftermath to have a significant impact on the company's bottom line, as indicated in an 8-K filing. Bloomberg had previously reported that the same cybercrime group was responsible for the attacks on both companies.

According to sources, the cybercrime group has also made a ransom demand to MGM. This marks two highly disruptive attacks on the gaming industry in a matter of weeks.

Caesars reported its incident in a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday morning. The 8-K report, similar to the one filed by MGM Resorts on Wednesday, acknowledges the hack as a material event.

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