Bruno Mars allegedly has $50 million gambling debt with MGM

[The Buzz]

Bruno Mars, who has previously said he once played poker professionally, has reportedly accumulated substantial debts from gambling, with a one Las Vegas insider telling News Nation "he owes millions to MGM. (MGM) basically owns him."

According to the source, his debts have reached as high as $50 million.

From the article:

“He 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 (Mars makes $1.5 million per night).” Ninety million after taxes is closer to $60 million, for those who were wondering.

Granted, he lives for free while he has a contract, but still. He should be taking home (or saving) a lot more than he has since signing the long term contract in 2016.

MGM is doubling down on Mars though. The Pinky Ring, his lounge at the Bellagio (an MGM property), debuted over the Super Bowl and we hear he has another project with the high end casino in the works as well.

A rep for MGM didn’t return emails. A rep for Mars declined to comment.

Read more here: https://www.newsnationnow.com/entert...-gambling-mgm/

[The Buzz]

MGM responded to the rumors yesterday.

From the Las Vegas Review Journal:

MGM Resorts says its relationship with Bruno Mars is one of “mutual respect” and “Any speculation otherwise is completely false; he has no debt with MGM.”

Issued Monday, the statement answers a report Friday from media website NewsNation that the Park MGM headliner has rolled up gambling debts in the tens of millions. Citing an unidentified source, the publication alleged Mars had debts as high as $50 million from table games.

Responding to a request for comment, and MGM Resorts International rep emailed the statement:

“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.

“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.”

Read more here: https://www.reviewjournal.com/entert...ambling%20debt

[Pokerface]

Bruno Mars, with an estimated net worth of $175 million ......

[NoDepositCasinos]

I don't quite understand what sparked this rumour. Yes, Bruno Mars has openly admitted to gambling and how it helped him pay off debts in the past, but why spread this rumour now? Just for some traffic and clicks?

[onlinebetdotcom]

If he owes money, news will leak as he is a celebrity. Cannot avoid it.

[Sanna Heinonen]

Yes, that's true. He is a celebrity and can't avoid these kind of news. In my opinion it's good that they wrote about his debts especially if that is true that he has said that in the past gambling helped him get rid of debts. It's a bit misleading information to write that gambling helps you with money problems, I think.

[Online Casino Librar]

The rumors about Bruno Mars' gambling debt are crazy. But without official confirmation, it's best not to take it at face value.