[ad_1]
Bruno Mars is not in the red with MGM, that is, according to the hospitality and casino giant.
In a statement given to the Las Vegas Review-Journal on Monday, MGM Resorts silenced the rumors The “24K Magic” singer had racked up a $50 million gambling debt and was paying off his balance through multiple business deals with MGM and its Las Vegas properties.
The company said claims that it had Mars on the hook for millions were “completely false” and wrote: “We are proud of our relationship with Bruno Mars, one of the world’s most exciting and dynamic artists.”
Celebrating his residency at Park MGM and his partnership at the Bellagio’s new Pinky Ring cocktail lounge, MGM’s statement read: “Bruno’s brand of entertainment attracts visitors from around the world. “The partnership between MGM and Bruno is long-standing and rooted in mutual respect.”
“Any speculation to the contrary is completely false,” he continues. “He has no debt to MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”
NewsNation was the first to report claims, citing a source who said MGM “basically owns” Mars.
“He makes $90 million a year from the deal he made with the casino, but then he has to pay off his debt,” the source said, adding that the singer takes home about $1.5 million per show, after of taxes.
Mars has mentioned his love for the gaming table more than once over the years.
in a 2013 interview with GQHe talked about nervously losing $100 on his first bet when he was just 19 years old.
“You have to lose,” he told the magazine. “You just have to lose to win, to understand.”