MGM Resorts will pay victims of the 2017 Las Vegas shooting up to $800 million

MGM Resorts International is set to pay up to $800 million to victims of the 2017 Las Vegas mass shooting.

Robert Eglet, a lawyer representing victims of the shooting, announced Thursday the hospitality company would be settling lawsuits for between $735 million to $800 million, The New York Times reports.

Stephen Paddock in 2017 killed 58 people and left hundreds more injured when he shot at concertgoers from one of MGM Resorts' locations, the Mandalay Bay resort. Victims of the shooting have accused MGM of negligence for not monitoring Paddock while he brought to his suite the weapons used in the shooting, The Washington Post reports.

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MGM said Thursday its settlement is not an admission of liability, with CEO Jim Murren in a statement saying, "our goal has always been to resolve these matters so our community and the victims and their families can move forward in the healing process," The Wall Street Journal reports.

This comes, The Associated Press notes, two days after the anniversary of the massacre, the deadliest mass shooting in modern American history.