*MGM Resorts responded to reports about Bruno Mars’ alleged gambling debt with the Las Vegas casino.
A rep for the company said “he has no debt with MGM,” and noted that its relationship with Bruno Mars is one of “mutual respect,” The Las Vegas Review-Journal reports.
We reported earlier via NewsNation’s “The Scoop” newsletter that Mars, 38, allegedly owes MGM millions due to his gambling addiction.
The insider disclosed, “He’s in hock to MGM for millions.” According to the grapevine, his debts have ballooned to a staggering $50 million.
“He’s essentially beholden to them,” the Vegas source added.
The NewsNation report noted that Mars’ debut is being paid for with the money earned from the singer’s residency at Park MGM in Las Vegas.
A previous EURweb report stated, “Despite reaping a bountiful $90 million annually from his casino deal, Mars finds a significant chunk gobbled up by his debts, leaving him with a mere $1.5 million per night after taxes. For those crunching the numbers, $90 million post-tax dwindles closer to $60 million.”
The MGM Resorts International rep said: “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: Does Bruno Mars Have A $50 MILLION Gambling Debt with MGM Casino?
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