News

Pricey Las Vegas

When Stephen Paddock (pictured) let loose his assault weapons on 1 October from a Las Vegas hotel room, and killed and injured more than 500 people he could not have dreamed the mayhem he unleashed. Never mind the injuries – think of the financial cost.

Insurance companies are now facing a bill in excess of $1 billion (and rising) as a result of the many legal actions being taken by survivors and the families of the dead against the hotel and the concert promoter – and the court cases will drag on for years.

There are other financial repercussions, too – casino on the Las Vegas strip saw a 6% drop in takings in October, about $34 million less than the same month last year.

Picture source: United States Department of State