Bruno Mars does not have a $50 million gambling debt with MGM Resorts, the organization said Monday.
An MGM Resorts International told TMZ on Monday that the Grammy-winning artist, 38, ‘doesn’t have a $50 million gambling tab on the books with them.’
The statement came in the wake of a News Nation story titled ‘Bruno Mars needs to lay off the slots: Source’ that provided details of his alleged financial issues with the casino.
The casino rep said, ‘We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers.
‘From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe.’
Bruno Mars does not have a $50 million gambling debt with MGM Resorts, the organization said Monday. Pictured performing at the 2021 Grammys
According to the casino rep, ‘MGM and Bruno’s partnership is longstanding and rooted in mutual respect.
‘Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.’
The Honolulu, Hawaii-born performer, who has a forthcoming residency at Park MGM Las Vegas beginning in June, was at the center of a report published by NewsNation Thursday over the alleged financial issue.
A Las Vegas-based source told the outlet of the Locked Out of Heaven vocalist: ‘He owes millions to the MGM [from gambling]’ and that ‘his debts have gotten as high as $50 million.’
The source summed up the situation involving Mars: MGM ‘basically own him.’
The When I Was Your Man crooner ‘makes $90 million a year off of the deal he did with the casino, but then he has to pay back his debt… after taxes,’ the source told NewsNation.
The source estimated that ‘Mars makes $1.5 million per night’ as result of a long-term pact he inked with the organization in 2016.
NewsNation reported that MGM had been ‘doubling down on Mars’ with a lounge at the Bellagio hotel-casino titled The Pinky Ring.
An MGM Resorts International told TMZ on Monday that the Grammy-winning artist, 38, ‘doesn’t have a $50 million gambling tab on the books with them’
According to the casino rep, ‘MGM and Bruno’s partnership is longstanding and rooted in mutual respect. Pictured in LA in 2017
A description for the venue made it appear to be a hip, contemporary landing spot for those looking for an up-tempo time in Sin City.
‘Feel the magic in its seductive party vibe, featuring a curated collection of premium cocktails, and live entertainment by some of today’s most talented musicians and DJs,’ the description read.
It continued: ‘Inspired by iconic Vegas glamour with the magnetic energy of a modern luxury lounge—one sip and you know this is going to be the night of all nights.’
