MGM Resorts international has officially cleared rumours claiming that Bruno Mars owed the resort $50 million (Ksh 6.9 billion) in gambling debts accumulated at the company’s Las Vegas casino
Peter Gene Hernandez popularly known as Bruno Mars ,is an American singer and songwriter.
He is known for his stage performances, retro showmanship, and for performing in a wide range of musical styles, including pop, R&B, funk, soul, reggae, disco, and rock.
The rumors had suggested that Mars was financially indebted to MGM due to extensive gambling losses, although the allegations have been declared completely false by the company.
Metro-Goldwyn-Mayer {MGM), is an American media company specializing in film and television production and distribution.
Meanwhile, MGM informed the Forbes that no such debt actually exists.
This was after rumors emerged that the award winning artist Bruno Mars is entangled in $50 million (Ksh 6.9 billion) worth of gambling debt.
The casino management has emphasized their pride in their long standing partnership with Mars.
Jenn Michaels, the senior vice president of public relations at MGM Resorts International, told Forbes that Mars “has no debt with MGM,” adding that “MGM and Bruno’s partnership is longstanding and rooted in mutual respect.”
Initially, a report from News Nation had indicated that Mars had racked up over $50 million in gambling debt at MGM.
They cited an anonymous source that claimed Mars allegedly made $90 million a year through his residencies at MGM but was using a large chunk of that profit to pay off his gambling debt.
Mars has been performing for Las Vegas residencies since 2016 and has a multi-year partnership with MGM Resorts.
In addition, Mars and the casino recently partnered to launch the Pinky Ring cocktail bar and entertainment lounge inside the Bellagio Hotel and Casino.
The venue features live performances, all curated by Mars.
Bruno Mars, celebrated for hits like “24K Magic,” “Just the Way You Are,” and “Uptown Funk,” has been a key figure in Las Vegas entertainment for over a decade.
He currently enjoys a multiyear partnership with MGM and is scheduled to perform his final show at Park MGM in Las Vegas on September 1, 2024.
