MGM Rep Slams Reports Claiming Bruno Mars Has A $50M Debt

Bruno Mars’ financial life was in the headlines this week after NewsNation claimed he owes MGM at least $50 million. The report cited a “well-placed Vegas insider,” but it looks like the gambling debt scoop wasn’t one at all.

A rep for MGM International Resorts has come forward to clear the air on Bruno Mars’ ties to their business, per TMZ.

RELATED: Social Media Reacts After Nick Cannon Insinuates Bruno Mars Has “More Hits” Than Beyoncé (Video)

MGM Denies Reports Of Bruno Mars Being In Debt

Social media had already been tussling with the credibility of the report. Mostly because Bruno has had a long-standing relationship with the company, including his Park MGM residency and the 2024 opening of his cocktail lounge — that’s the relationship TMZ’s sourced rep cited while denying that Bruno is $50M in the hole with them.

Not only did the rep deny the existence of any such debt, but they also confirmed their excitement for future collabs with the signer. That included the extension of his Vegas Park MGM residency, which he announced in December. His residency was set to expire in August, but he added five new shows that took place last month.

“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.” 

NewsNation’s report also claimed that Bruno’s residency earned him $90 million but that MGM collected the majority of the coins.

“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),” NewsNation reported.

But the MGM rep says that’s absolutely not the case. Though the rep didn’t highlight Bruno’s earnings, they assured the public it wasn’t collecting any coins on the backend.

“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.”

PEOPLE has contacted Bruno Mars’ reps for comment, but they have not received a response. At this time, the ’24K Magic’ singer has not publicly commented on the debunked news via his social platforms.

RELATED: See Which Artists Have Announced A 2024 Las Vegas Residency

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button