MGM Resorts Shuts Down Claims Bruno Mars Owes $50 Million in Gambling Debt

The hospitality and leisure firm referred to as the claims “fully false”

<p>John Esparza via Getty Images</p> Bruno Mars

John Esparza through Getty Photographs

Bruno Mars

MGM Resorts has denied claims that Bruno Mars owes the hospitality empire hundreds of thousands of {dollars} in playing debt.

The corporate’s response comes after NewsNation reported final week that Mars, 38, landed himself in playing debt of over $50 million at MGM — a big portion of which is being paid off from the cash constituted of the singer’s residency at Park MGM in Las Vegas, based on a supply.

MGM Resorts Worldwide mentioned in a press release, per Selection and Leisure Tonight, “We’re happy with our relationship with Bruno Mars, one of many world’s most thrilling and dynamic performers. From his exhibits at Dolby Dwell at Park MGM to the brand new Pinky Ring lounge at Bellagio, Bruno’s model of leisure attracts guests from across the globe.”

“MGM and Bruno’s partnership is longstanding and rooted in mutual respect. Any hypothesis in any other case is totally false; he has no debt with MGM,” the assertion continued. “Collectively, we’re excited to proceed creating unforgettable experiences for our friends.”

<p>Kevin Mazur/Getty</p> Bruno Mars performs at the MGM Grand Garden Arena in Las Vegas

Kevin Mazur/Getty

Bruno Mars performs on the MGM Grand Backyard Enviornment in Las Vegas

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A supply had claimed to NewsNation, per Selection, that MGM “principally owned” Mars after he allegedly racked up hundreds of thousands in playing debt with the hospitality and leisure firm.

The outlet additionally claimed that Mars made $90 million a yr from his residencies at MGM, however the singer was utilizing a considerable amount of that to pay the corporate again.

“[He will] solely make $1.5 million per evening after taxes,” NewsNation claimed.

<p>Kevin Mazur/BBMA18/WireImage</p> Bruno Mars

Kevin Mazur/BBMA18/WireImage

Bruno Mars

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Mars has a longstanding relationship with MGM. In 2016, the “24K Magic” singer launched his partnership with the corporate which led to his Park MGM residency and his Pinky Ring cocktail bar at Bellagio Resort & On line casino, which opened in early 2024.

The report of Mars’ playing debt comes months after he introduced an extension to his Vegas residency at Park MGM in December 2023.

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Mars was initially set to wrap up his residency final August earlier than including the 5 extra exhibits in December 2023 and 5 exhibits in February 2024.

PEOPLE has reached out to MGM Resorts and Mars’ representatives for remark.

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