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MGM Could Pay Up to $800 Million to Settle Liability Lawsuits Over a 2017 Mass Shooting
Casino giant MGM Resorts told federal regulators Thursday it might pay up to $800 million to settle liability lawsuits stemming from the 2017 mass shooting in Las Vegas – the deadliest in modern U.S. history.
“The company believes it is reasonably possible that a settlement will be reached” by next May, it told the Securities and Exchange Commission in a quarterly report.
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MGM Resorts also said it has $751 million in insurance to pay toward a settlement.
