altenar.gif
altenar.gif
altenar.gif
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine
GGA 2019 AffiliateCon
NEWS 3 October 2019

MGM Resorts reaches $735-800m settlement over 2017 Las Vegas shooting

By Tim Poole

MGM Resorts International has reached an agreement to resolve all pending lawsuits regarding the 1 October 2017 shooting in Las Vegas.

The total settlement amount is expected to be between $735m and $800m, subject to and depending on the number of claimaints.

Under the agreement of the settlement, all pending litigation will be dismissed, while the settlement fund will be funded by MGM’s insurers.

MGM has insurance coverage of $751m and has stated the proposed settlement is not an admission of liability.

MGM Chairman and CEO Jim Murren said: "Our goal has always been to resolve these matters so our community, the victims and their families can move forward in the healing process.

"This agreement with the Plaintiffs' Counsel is a major step and one we hoped for a long time would be possible.

"We have always believed prolonged litigation around these matters is in no one's best interest. It is our sincere hope this agreement means that scenario will be avoided."

RELATED TAGS: Land-Based | Industry | Legal & Regulatory | Casino
DISCUSS THIS ARTICLE
IN-DEPTH 11 October 2019
Landing on a monopoly
READ MORE
PREMIUM CONNECTIONS