MGM refutes reports claiming Bruno Mars owes them $50 million

Bruno Mars’ alleged US$50 million (S$67 million) gambling debt to MGM Resorts International has been refuted.

MGM Resorts responded to Variety, a well-known American entertainment publication, claiming that the information about Mars’ debt is untrue. The statement emphasized MGM Resorts’ close relationship with Bruno Mars and emphasized his standing as one of the most intriguing musicians in the world.

MGM Resorts expressed happiness about their partnership with Mars, highlighting his world-renowned performances at Dolby Live at Park MGM and the brand-new Pinky Ring nightclub at Bellagio. The statement emphasized that Mars and MGM had no contractual obligations and emphasized their mutual commitment to delivering exceptional client experiences.

After NewsNation revealed on March 14 that the Grammy-winning rapper had over $50 million in debt from gambling, speculation about Mars’ financial difficulties started. An unnamed source claims that while Mars earned US$90 million annually from his residence at the MGM, a large portion of his profits went toward paying off debt related to gaming. However, MGM refuted these claims, asserting that Mars and the company had a long-standing and respectful relationship.

Bruno Mars’s representatives declined to comment and directed inquiries to MGM’s statement. Since 2016, Mars has been doing residencies in Las Vegas. Additionally, Mars has collaborated with MGM Resorts on other projects, including as the recently launched Pinky Ring cocktail bar and entertainment area at the Bellagio Hotel & Casino, which showcases live acts that are personally selected by Mars.

On April 3, 5, and 6, Bruno Mars, who is well-known for his hit songs “That’s What I Like” and “Versace On The Floor,” will perform in Singapore’s National Stadium. This follows his 2014 and 2018 performances in Singapore Indoor Stadium.

Original story by: The Strait Times