US gambling giant MGM Resorts International has to pay $800 million in settlement for Las Vegas Shooting claims. Following a lawsuit that concluded today, MGM has agreed to pay $800 million in settlement to survivors and family members of the victims of one of the deadliest mass shootings in US history.
In 2017, on October 2, a gunman named Stephen Paddock started shooting indiscriminately at concertgoers from the 32nd floor of the Mandalay Bay Hotel and Casino. While the shooting left 58 killed there were over 500 injured.
MGM Resorts which owns and operates the Mandalay Bay Resort has agreed to pay between $735m to $800m to resolve legal cases against it.
However, the gambling giant has not admitted any liability.
“While nothing will be able to bring back the lives lost or undo the horrors so many suffered on that day, this settlement will provide fair compensation for thousands of victims and their families,” said Robert Eglet, a lead lawyer for plaintiffs in the case.
Eglet said that the settlement “represents good corporate citizenship on their part.”
The settlement process would be completed by next year.
“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,” said Jim Murren, chief executive of MGM Resorts.