UPDATE March 26 at 6:25 pm EST:
A Montana man was identified as a victim in a shooting and standoff situation that unfolded on the Las Vegas Strip Saturday.
The Clark County coroner's office identified the victim as 57-year-old Gary Breitling of Sidney, Montana. Breitling died at the hospital shortly after being shot aboard a bus that had stopped on the Las Vegas Strip.
The suspect, who was later identified as 55-year-old Rolando Cardenas, then barricaded himself inside the double-decker bus and surrendered peacefully after a more than four-hour standoff with police.
It's unclear how many people were on the bus at the time of the shooting, but other passengers were able to flee before the standoff began, ABC News reports.
Another victim was injured in the shooting but is expected to live.
UPDATE 6:25pm EST:
Police authorities said the suspect surrendered and is now in custody, ending an hours-long standoff with law enforcement in the middle of the Las Vegas Strip.
UPDATE 5:00pm EST:
Metro police reported that they don't believe there are hostages on the bus with the suspected shooter.
Witnesses in the area also reported a large explosion heard high up as the 65th floor of a hotel. It is unclear what the explosion was, as well as where it originated.
UPDATE 4:11pm EST:
The Las Vegas Metropolitan Police Department said that one person has died after a shooting took place near the Cosmo hotel on the Las Vegas Strip. A second victim remains in unknown condition at UMC Trauma.
Police are investigating a shooting situation near the Cosmopolitan Resort on the Las Vegas Strip. One victim has been transported to University Medical Center trauma in unknown condition, according to News3.
Officers believe the suspect is possibly barricaded in a bus on the Strip.
"The LVMPD is currently investigating a shooting that occurred on South Las Vegas Blvd. near Harmon. This is an active scene and officers are currently assessing the situation," said an email from Metro shortly after 11 a.m.
The Cosmopolitan hotel was evacuated.
The Strip is on lockdown.
Reports of an active shooting came hours after multiple suspects wearing pig masks were involved in an attempted burglary at the Bellagio Hotel & Casino.
This story is developing.