Information reaching Kossyderrickent has it that Bruno Mars owing $50M in gambling debt with MGM goes viral.
A source who spoke to NewsNation claimed “He owes millions to the MGM (from gambling).” His debts have gotten as high as $50 million,” the source added.
“(MGM) basically own him, 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).” If we do the math, 90 million after taxes is about $60 million.
Back in 2016, the president of MGM Resorts International claimed that “Bruno is among the most talented performers in the world and we are excited to start a long-term relationship with him across our industry-leading portfolio of entertainment venues” but it seems he is in big debt with the casino.
According to the musical artists, they made the decision not to submit their album to the Grammys that year as they felt that it would be “crazy” to ask for anything more than what they had already received at the 2022 Grammy Awards after winning four awards for “Leave the Door Open,” the album’s lead track. A series of concert dates have been set for Silk Sonic at MGM’s The Park beginning in May.
While it’s true he lives rent-free during his contract, he should still be pocketing, or saving, a much more significant sum since signing the long-term contract in 2016.
Despite this, MGM is not backing away from Mars any time soon. He debuted The Pinky Ring, his lounge at the Bellagio (an MGM property), during the recent Super Bowl, and, as reported by News Nation, he also has a new project in the works at the high-end casino, as well.