MGM Resorts International MGM, +4.29% said Thursday it has reached an agreement to settle litigation stemming from the Oct. 1, 2017 shooting in Las Vegas that killed 58 people for $735 million to $800 million. The process of compensating victims and families is expected to be completed by late 2020, the operator of casinos and hotels said in a statement. More than 800 people were injured when lone shooter Stephen Paddock fired into a 22,000-strong crowd attending a music festival from the window of his Mandalay Bay hotel room. The hotel is owned by MGM Resorts, which has been sued for negligence over the tragedy. The settlement will end all pending litigation and is not an admission of liability by MGM, the company said in a statement. Shares fell 1%, but are up 11% in 2019, while the S&P 500 SPX, +1.59% has gained 15%.