MGM Resorts Will Pay $800 Million to Las Vegas Shooting Victims
MGM Resorts International has agreed to pay between $735 million and $800 million to settle a lawsuit that claims MGM was negligent in the Las Vegas Shooting, which occurred October 1, 2017. The entire process is expected to be completed by late 2020.
"Our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process. This agreement with the Plaintiffs' Counsel is a major step, and one that we hoped for a long time would be possible," said Jim Murren, Chairman and CEO of MGM Resorts. "We have always believed that prolonged litigation around these matters is in no one's best interest. It is our sincere hope that this agreement means that scenario will be avoided."