MGM Resorts International has officially refuted rumors suggesting that Grammy-winning artist Bruno Mars is entangled in $50 million (Sh6.9 billion) worth of gambling debts with the Las Vegas casino.
The rumors, which suggested Mars was financially indebted to MGM due to extensive gambling losses, have been declared "completely false" by the company.
In a statement released by a spokesperson for MGM Resorts International, the company expressed pride in its association with Bruno Mars, highlighting his impact as a performer.
"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," read the statement.
They further clarified the situation by adding, "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."
The rumors were initially fueled by a NewsNation report, which cited an unnamed source claiming that Mars was almost owned by MGM due to his alleged gambling debts.
According to the source, Mars, who reportedly makes $90 million a year from his Las Vegas residencies, was supposedly using a significant portion of his earnings to repay MGM.
Bruno Mars, celebrated for hits like "24K Magic," "Just the Way You Are," and "Uptown Funk," has been a key figure in Las Vegas entertainment for over a decade.
He currently enjoys a multiyear partnership with MGM and is scheduled to perform his final show at Park MGM in Las Vegas on September 1, 2024.
