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MGM Resorts ( (MGM) ) has issued an announcement.
On January 15, 2026, MGM Resorts International approved a new employment agreement for Chief Legal and Administrative Officer and Secretary John McManus, effective retroactively from January 1, 2026 through December 31, 2029, setting his minimum annual base salary at $1 million and an annual target bonus equal to 150% of base salary, with any bonus above that threshold delivered as fully vested deferred restricted stock units payable over three years. The contract outlines robust equity-based compensation with annual equity grants targeted at $2.5 million from 2026 to 2029 split between performance share units and restricted stock units, detailed severance protections in cases of death, disability, termination without cause or resignation for good cause, and includes a 12‑month non-compete and ongoing confidentiality obligations, underscoring MGM’s commitment to retaining senior legal leadership and aligning his incentives with long-term shareholder value and corporate stability.
The most recent analyst rating on (MGM) stock is a Sell with a $33.00 price target. To see the full list of analyst forecasts on MGM Resorts stock, see the MGM Stock Forecast page.
Spark’s Take on MGM Stock
According to Spark, TipRanks’ AI Analyst, MGM is a Neutral.
MGM Resorts’ overall stock score reflects strong revenue growth and positive technical momentum, but is tempered by high valuation concerns and mixed earnings call outcomes. The company’s high leverage and low profitability are significant risks that need addressing to improve its financial health.
To see Spark’s full report on MGM stock, click here.
More about MGM Resorts
MGM Resorts International is a global hospitality and entertainment company operating in the gaming and resort industry, with a portfolio of casino resorts and integrated entertainment properties that focus on lodging, gaming, dining, and live entertainment experiences for domestic and international customers.
Average Trading Volume: 4,611,628
Technical Sentiment Signal: Hold
Current Market Cap: $9.41B
For a thorough assessment of MGM stock, go to TipRanks’ Stock Analysis page.