Bruno Mars has apparently run into a huge debt with MGM Casino. The Grammy-winning crooner entered a multi-year residency agreement with MGM Resorts International back in 2016, entailing performances at the Park MGM resort in Las Vegas. However, recent reports suggest a possible strain in the relationship between the 38-year-old artist and the hospitality giant, allegedly stemming from Mars’s substantial gambling losses at the poker tables in Las Vegas, as per reliable sources.
As per an insider, Bruno Mars has accrued debts amounting to millions owed to MGM, with another source estimating the debt at a staggering $50 million. Despite reportedly earning $90 million annually from his deal with the casino, Mars is said to have to repay his debts, leaving him with a significantly reduced income of $1.5 million per night after taxes.
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Part of Mars’ contract with MGM reportedly included the establishment of The Pinky Ring, a cocktail lounge within the Bellagio Resort, with additional projects said to be in progress.
In a recent interview, Mars reflected on his early experiences with gambling, recalling a shaky first bet at 19 years old that resulted in a loss of $100. He emphasized the importance of experiencing losses to gain understanding and eventually succeed.
Additionally, Bruno Mars briefly mentioned his past experience of playing cards to make rent while residing in Los Angeles during a Carpool Karaoke segment on the Late Late Show with James Corden in 2016.
