The appeal has a 30-day period for settlement, Egglett said.
“We hope it will be completed in such a way that we will be able to scatter the victims’ funds before the end of the year.”
The settlement will be split between more than 4,000 claimants in the class action suit. The exact amount going to each victim will be determined independently by a pair of retired judges agreed by both parties.
Egglet said that only one of the potential claimants in the case decided to opt out of the trial.
Authorities said that after the shooting, Paddock was found dead on the floor of his hotel room in what appeared to be a self-directed gunshot wound to the head.
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 covered by liability insurance.