SAN DIEGO (AP) —MGM Resorts International says a legal settlement with victims of the deadliest mass shooting in modern U.S. history is a “major step.”
Chairman and CEO Jim Murren said in a statement Thursday that the casino giant’s goal has been to resolve the lawsuits it faced over the 2017 Las Vegas massacre “so our community and the victims and their families can move forward in the healing process.”
He says the company long hoped a settlement deal would be possible.
A gunman opened fire from one of MGM’s hotels into a concert venue it owns, killing 58 people and injuring hundreds.
MGM’s insurers will contribute a minimum of $735 million for a settlement fund. Victims’ attorneys say that depending on the number of participants, MGM will contribute more, up to $800 million.
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