There is a 30 day period of appeal for the settlement, Eglet said.
“We are hopeful it will be completed in a manner that we will be able to disperse the victims’ funds before the end of the year.”
The settlement will be divided among more than 4,000 claimants in the class action suit. The exact amounts going to each victim will be determined independently by a pair of retired judges agreed to by both sides.
Eglet said only one of the potential claimants in the case decided to opt out of the lawsuit.
Authorities said after the shooting, Paddock was found dead on the floor of his hotel room with what appeared to be a self-inflicted gunshot wound to the head.
The Mandalay Bay is owned by MGM Resorts International. In a filing with the Securities and Exchange Commission last month, MGM indicated that only $49 million of the settlement would come from the company’s funds, with the remaining $751 million being covered by liability insurance.