{"id":105186,"date":"2019-05-17T07:32:43","date_gmt":"2019-05-17T14:32:43","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=105186"},"modified":"2019-05-17T07:32:43","modified_gmt":"2019-05-17T14:32:43","slug":"mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/","title":{"rendered":"MGM Estimates $800 Million Settlement for Las Vegas Shooting Victims, \u2018Not Even Close,\u2019 Says Lawyer"},"content":{"rendered":"

MGM Resorts International said Thursday it could reasonably expect to pay around $800 million to settle lawsuits related to the 2017 Las Vegas shooting. In a filing to the Securities and Exchange Commission, the casino giant said settlements could be reached by next May.<\/p>\n

\"Las
Festival-goers scramble to escape as Stephen Paddock rains down bullets on the Route 91 Harvest music festival on October 1, 2017. (Image: ABC)<\/figcaption><\/figure>\n

Since last October, MGM has been engaged in mediation with victims and family members of those who lost their lives in the worst massacre in modern American history.<\/p>\n

MGM is the owner of the Mandalay Bay, where shooter Stephen Paddock was able to stockpile a cache of rifles equipped with rapid-fire bump stocks<\/a> in his room on the 32nd floor.<\/p>\n

It also owns the land that was used for the open-air country music concert that Paddock targeted. The 63-year-old former accountant rained down bullets into the crowd, murdering 58 people and injuring over 500.<\/p>\n

PR Disaster <\/strong><\/h2>\n

In the aftermath of the shooting, over four thousand joined class-action lawsuits accusing MGM of a failure of duty of reasonable care to monitor Paddock\u2019s activity.<\/p>\n

For instance, Paddock\u2019s VIP status at Mandalay Bay allowed him \u201cexclusive access\u201d to a service elevator, which may have made it easier for him to smuggle firearms into his room.<\/p>\n

Meanwhile, Paddock was allowed to hang a \u201cdo not disturb\u201d sign on his door for three days without staff performing a welfare check that might have discovered his intentions.<\/p>\n

\n

MGM kickstarted a public relations catastrophe for itself last July when it announced it would sue the victims<\/a> of the massacre.<\/p>\n<\/div>\n

The company was not seeking money from the victims but hoped to consolidate the lawsuits that were mounting in multiple states into one federal case, where it planned to argue that an obscure anti-terrorism law protected it from liability.<\/p>\n

Litigation \u2018Probable\u2019<\/strong><\/h2>\n

In October, a panel of federal judges found no reason to consolidate the litigation, making mediation the company\u2019s best course of action to avoid years of costly litigation in multiple jurisdictions.<\/p>\n

But a lawyer for some of the victims told the Associated Press Thursday it was way too early for MGM to come up with a settlement range of between $735 million and $800 million.<\/p>\n

While he agreed that mediation needed to be wrapped up within a year, he said a settlement was possible \u201cbut not probable\u201d — meaning the matter is still likely to go to court — adding that the figure estimated by MGM was \u201cnot even close.\u201d<\/p>\n

\u201cNothing is signed,\u201d he said. \u201cWe have a long way to go before we have an agreement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

MGM Resorts International said Thursday it could reasonably expect to pay around $800 million to settle lawsuits related to the 2017 Las Vegas shooting. In a filing to the Securities and Exchange Commission, the casino giant said settlements could be reached by next May. Since last October, MGM has been engaged in mediation with victims […]<\/p>\n","protected":false},"author":36,"featured_media":105192,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[60,18],"tags":[],"acf":[],"yoast_head":"\nMGM Estimates $800 Million Settlement for Las Vegas Shooting Victims<\/title>\n<meta name=\"description\" content=\"Las Vegas shooting victims settlement figure could be $800 million, says MGM in SEC filing, but victims lawyers believes it will be more.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MGM Estimates $800 Million Settlement for Las Vegas Shooting Victims\" \/>\n<meta property=\"og:description\" content=\"Las Vegas shooting victims settlement figure could be $800 million, says MGM in SEC filing, but victims lawyers believes it will be more.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-17T14:32:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/las-vegas-shooting1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"992\" \/>\n\t<meta property=\"og:image:height\" content=\"414\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/\",\"url\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/\",\"name\":\"MGM Estimates $800 Million Settlement for Las Vegas Shooting Victims\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/las-vegas-shooting1.jpg\",\"datePublished\":\"2019-05-17T14:32:43+00:00\",\"dateModified\":\"2019-05-17T14:32:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Las Vegas shooting victims settlement figure could be $800 million, says MGM in SEC filing, but victims lawyers believes it will be more.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/mgm-estimates-800-million-settlement-for-las-vegas-shooting-victims-not-even-close-says-lawyer\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/las-vegas-shooting1.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/05\/las-vegas-shooting1.jpg\",\"width\":992,\"height\":414,\"caption\":\"Festival-goers scramble to escape as Stephen Paddock rains down bullets on the Route 91 Harvest music festival on October 1, 2017. 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He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. 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