American singer-songwriter Bruno Mars, known for his music versatility and stage performances, has grabbed the headlines for owing a massive debt to MGM. He has won multiple Grammy Awards throughout his career, in addition to several other honors in the field of music. But his vast debt will put a significant dent in his glorious fortune.
Over the weekend I noticed that Bruno Mars was trending on X, and thought hmmm, that's weird, assumed he dropped an album or something that I would have no interest in listening too. Turns out I was wrong, he's just the worst gambler ever.
“He owed millions to the MGM,” a Vegas insider told the outlet. Another source added that the debt is as high as $50 million. According to the Google machine, he has a net worth of $175 million, not bad.
MGM Resorts International denied allegations earlier today that Bruno Mars is in debt with the global hospitality and entertainment company. "We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers," MGM wrote in a statement provided to Complex. "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." The statement continues: "Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests." Of course they'll deny that he is in debt, or has a gambling problem, they want him to keep losing money at their casino.
“[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,” added the insider, claiming that the singer only makes $1.5 million per night after taxes. This quote broke my brain, I had to take algebra twice in high school, but I feel like this math doesn't add up.
With all that being said, good for fucking Bruno Mars. Guy is rich as fuck, let him gamble. You know he's good for it. He's just trying to win it back, it's not like he's running out on the bill at a restaurant. Let the guy live, #ThisIsMarch, hope Bruno goes on a real heater and takes some of Dr Data's #MarchMadness plays.
As always, gamble responsibly.
Comments