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Thread: MGM Resorts agrees to pay $800 million in Las Vegas shooting

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    Avalon Member
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    Default MGM Resorts agrees to pay $800 million in Las Vegas shooting

    Might want to merge with the long running thread on the Las Vegas shootings.

    This brings lots of questions ... why are they paying ? ....... who else,... concert promoters? if they're not the same.... other hotels?

    MGM takes the brunt of this ... what is there involvement in this. Are they just good corporate citizens? lol

    MGM Resorts agrees to pay $800 million in Las Vegas shooting


    The 2017 mass shooting in Las Vegas was the deadliest shooting in U.S. history

    Attorneys for victims of the deadliest mass shooting in modern U.S. history say they’ve reached a settlement to resolve lawsuits that’s expected to pay between $735 million and $800 million.

    The amount of the settlement with MGM Resorts International MGM, -0.85% depends on the number of plaintiffs who take part, according to a statement from Las Vegas law firm Eglet Adams, which represents nearly 2,500 victims and made the announcement just days after the second anniversary of the massacre.

    Hundreds of lawsuits have been filed against the owner of the Mandalay Bay resort where the gunman opened fire into an outdoor concert on Oct. 1, 2017. The casino giant also owns the venue where 58 people died and hundreds were injured.

    MGM’s insurers will fund a minimum of $735 million. Depending on the number of victims who participate, the company will contribute more, up to $800 million, according to the victims’ attorneys.

    The statement comes as another attorney for victims planned a news conference on “extremely important developments” Thursday in San Diego.

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