MGM says it expects to pay up to $800 million to settle lawsuits by victims of the 2017 Las Vegas mass shooting
Las Vegas casino operator MGM Resorts International expects to pay up to $800 million to settle multiple liability suits it has been filed against after the 2017 Las Vegas shooting, the company told the US Securities and Exchange Commission on Thursday in a quarterly report.
However, an attorney representing the plaintiffs told media that they are “not even close to resolving all the terms and issues” before a settlement is reached.
On Sunday, October 1, 2017, Stephen Paddock, a retired accountant and an avid gambler, opened fire into a crowd of concertgoers attending the Route 91 Harvest music festival from his suite on the 32nd floor of the nearby Mandalay Bay Hotel and Casino on the Las Vegas Strip.
Paddock killed 58 and wounded more than 800 before shooting himself.
His motive for the deadliest mass shooting in modern US history has remained a mystery.