MGM Grand says Bruno Mars doesn’t owe $50 million gambling debt

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MGM Resorts International has denied reports that Bruno Mars is in debt to the entertainment company.

A previous report by newsnation indicated that the “24K Magic” singer has taken out a loan of more than $50 million at the MGM Grand in Las Vegas since signing a long-term residence contract with the company in 2016.

In a statement sent to Board, MGM said: “We are proud of our relationship with Bruno Mars, one of the world’s most exciting and dynamic artists. 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 world. MGM and Bruno’s partnership is long-standing and based on mutual respect.

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The message continued, “Any speculation otherwise is completely false; He does not owe any debt to MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”

Mars’ last solo project was in 2016 24K magic, which included hits such as the title track, “That’s What I Like” and “Versace on the Floor”. “That’s What I Like” topped the Billboard Hot 100 Songs chart, while the entire album peaked at number 2 on the Billboard 200 albums chart in December 2016.

Since then, Mars has teamed up with Anderson .Paak for his successful group effort, Silk Sonic, and the duo released their album An Evening with Silk Sonic In 2021. The album’s standout track, “Leave the Door Open”, won four Grammy Awards: Song of the Year, Record of the Year, Best R&B Song and Best R&B Performance.

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