American singer and songwriter Bruno Mars is allegedly in a whopping 50 million dollars in debt to MGM Grand in Las Vegas. In 2016, Bruno Mars signed an eight-year residency contract with MGM, requiring him to play regularly at the Park MGM resort in Las Vegas. MGM Resorts International wanted to get Bruno aboard at their hotel. It was eager to begin a long-term partnership with him across their famous portfolio of entertainment venues. However, a close source has revealed that the deal may have deteriorated. The musician allegedly lost $50 million by playing at MGM’s poker tables during his performances there.
It is also reported that the hospital chain would pay him $1.5 million each night after taxes. He is believed to have made $90 million each year from the arrangement he inked with the casino, but owing to payback requirements, he will only receive 1.5 million dollars for himself. In a 2013 interview with GQ, the “Just The Way You Are” singer opened up about his gambling addiction.
Before becoming a Grammy Award winner, his path to the music industry was rough, so he would occasionally turn to poker to sustain himself. Mars commented on the nature of the game and issued a warning to fans, stating that the game’s competitive nature would leave players “vulnerable.”
Even though the musician has yet to reveal his massive gambling debt with MGM, fans are confident that the rumor is true. However, the news is yet to be verified by Bruno’s reps. Mars’ upcoming gigs at Park MGM may be a staged effort to pay off his debt rather than catering to fans, even though his residencies in Las Vegas have been quite a success over the past eight years.
