MGM Grand says Bruno Mars does not have a $50 million gambling debt

Denise Truscello/Getty Images for Keeping the Memory Alive

MGM Resorts International has denied reports that Bruno Mars owes debts to the entertainment company.

A previous report of NewsNation indicated that the “24K Magic” singer has accumulated more than $50 million in debt at the MGM Grand in Las Vegas since signing a long-term residency contract with the company in 2016.

In a statement sent to Billboard, MGM said: “We are proud of our relationship with Bruno Mars, one of the most exciting and dynamic artists in the world. From his Dolby Live shows at Park MGM to the new Pinky Ring lounge at Bellagio, 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.”

The message continued: “Any speculation to the contrary is completely false; He has no debt to MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”

Mars’ last solo project was in 2016. 24K Magic, which included hits like the title track, “That’s What I Like” and “Versace on the Floor.” “That’s What I Like” topped the Billboard Hot 100 songs chart, while the album as a whole peaked at No. 2 on the Billboard 200 albums chart in December 2016.

Mars has since teamed up with Anderson .Paak for their hit group project, Silk Sonic, and the duo released their album. An evening with Silk Sonic in 2021. The album’s standout song, “Leave the Door Open,” won four Grammy Awards: Song of the Year, Record of the Year, Best R&B Song, and Best R&B Performance.