Fans of Bruno Mars were left biting their nails as rumors surfaced that the singer had accumulated a multi-million dollar gambling debt. According to sources, the 38-year-old Grammy-winning artist racked up an astounding $50 million in debt from gambling at the Las Vegas casino, where he inked a multi-year residency arrangement in 2016.
MGM Resorts International has already responded to the rumors, clearing up any confusion about Mars’ financial situation.
In a statement, the company categorically disputed claims that Bruno Mars owed them $50 million. The casino expressed delight in its long-standing association with Mars and stated that any conjecture about his alleged debt is completely incorrect.
“Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests,” read the chain’s official statement.
According to insiders cited by News Nation, Bruno Mars’s lucrative arrangement with MGM paid him $90 million per year, but after taxes, he reportedly only earns around $1.5 million per show. This led to speculation that the casino wielded great power over the singer.