Ever wondered what happens when a pop star hits a sour note? Bruno Mars, the talented crooner, finds himself in a sticky situation with a whopping $50 million gambling debt to his employers at the MGM Grand. The stakes are high, and it seems like Bruno’s luck may have run out. Will he serenade his way out of this financial fiasco or end up singing the blues?
Bruno Mars found himself entangled in a web of $50 million gambling debt with his employers at the MGM Grand. His gambling addiction spiraled out of control, leading to this staggering amount owed.
READ ALSO: Fans Go Wild Over Jordyn Woods Showing Off Her Curves And Bum In A Matching Thong Bikini
Gambling, often seen as a harmless pastime, can quickly escalate into a full-blown addiction. In Bruno’s case, what started as innocent fun turned into a financial nightmare. The glitz and glamour of the casino world masked the dangers lurking beneath the surface.
The weight of $50 million hanging over his head undoubtedly cast a shadow on Bruno’s career. As one of the most successful artists in the music industry, this unexpected turn of events left fans shocked and concerned for his well-being.
The pressure to repay such an astronomical sum could have severe repercussions on Bruno’s creativity and mental health. The once vibrant and charismatic performer now faces the daunting task of overcoming this significant setback.
Marca reports that;
Bruno Mars announced a multi-year residency deal with the MGM conglomerate back in 2016 where he’d be performing at the MGM resort in Las Vegas. Although everything was going great for a few years, a source claims the singer now has a multimillion-dollar gambling debt with the casino.
A source who spoke to NewsNation claimed “He owes millions to the MGM (from gambling).” His debts have gotten as high as $50 million,” the source added.
“(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… after taxes (Mars makes $1.5 million per night).” If we do the math, 90 million after taxes is about $60 million.
Back in 2016, the president of MGM Resorts International claimed that “Bruno is among the most talented performers in the world and we are excited to start a long-term relationship with him across our industry-leading portfolio of entertainment venues” but it seems he is in big debt with the casino.
The “24K Magic” singer supported himself by playing poker at one point, however, his singing career took off, and dedicated his life to the music business as he mentioned in a GQ interview from 2013.
“I used to be like a loudmouth. You know the guy, people would want to take his money. If you do get them to lose, they’re out for you, they’re gunning for you,” Mars said at the time. “And that’s when they’re weak. And that’s when you jump or pounce on them.”
He also elaborated on what it was to visit the casino for the first time when he was 19 years old “I remember my first bet, my hand was shaking, and a guy called me out on it and embarrassed me,” he said, while revealing he lost some money he did could not loose. “You gotta lose. You just have to lose to win, to understand.”
BSO sources says while the story sounds great and makes a great headline it is highly unlikely that Mars is that far into debt with the Casinos.
Considering his residency and the fact the MGM would never allow such a debt to get that high before asking for payment this is likely someone just made up for clicks.