Bruno Mars Has $50 Million Gambling Debt With MGM Casino?!

The post Bruno Mars Apparently Owes $50 Million in Gambling Debt appeared first on Consequence.

Bruno Mars recently entered the ninth year of his residency at Park MGM in Las Vegas, which he extended with 12 shows taking place throughout 2024.

The “24K Magic” singer announced a multi-year residency with MGM Resorts International in 2016, performing at the hospitality giant’s Park MGM resort in Las Vegas.

But if you believe a report from News Nation

part of the reason Mars’ residency has lasted for so long is because he’s accrued a sizable gambling debt at the casino. “He owes millions to the MGM [from gambling],” an unnamed source told News Nation. “[MGM] basically own him.”

The source estimated that Mars owes as much as $50 millions to MGM. He reportedly takes in $90 million annually as part of his deal with the casino, but after taxes he’s just barely covering the money owed.

Bruno Mars needs to lay off the slots?

With the allegations out, Mars’ 2013 story with GQ has resurfaced. In the interview, the singer reflected on how his love for gambling started back when he was 19 years old.

“I used to be like a loudmouth,” he said. “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. And that’s when they’re weak. And that’s when you jump or pounce on them.”

Mars went on to detail his first major loss of a hundred dollars. “I remember my first bet,” he said. “My hand was shaking, and a guy called me out on it and embarrassed me,” he said. “You gotta lose. You just have to lose to win, to understand.”

MGM is doubling down on Mars though. The Pinky Ring, his lounge at the Bellagio (an MGM property), debuted over the Super Bowl and we hear he has another project with the high end casino in the works as well.

Also read: NJ Online Casinos: The Best New Jersey Gambling Sites 2024

Bruno Mars – 24K Magic (The One & Only Night at MGM COTAI Macau 2024)

MGM Grand Hotel & Casino

MGM Grand: Las Vegas Luxury with a Lively Atmosphere

The MGM Grand is a towering presence on the Las Vegas Strip, offering a luxurious stay with all the excitement you’d expect from a world-class casino resort.

Spacious Rooms and Plush Amenities:
The MGM Grand boasts over 5,000 rooms, ensuring you can find the perfect fit for your needs. Rooms are known for being spacious and comfortable, with plush bedding and modern amenities. Upgraded options offer stunning views of the Las Vegas Strip.

Thrilling Casino Action:
The casino at the MGM Grand is vast, featuring a wide variety of slots, table games, and poker rooms. Whether you’re a seasoned high roller or a casual player trying your luck, you’ll find something to keep you entertained.

A Culinary Adventure:
Foodies won’t be disappointed at the MGM Grand. The resort boasts a vast selection of restaurants, from renowned celebrity chef experiences to casual cafes. You can find everything from fine dining to international cuisine, all under one roof.

Entertainment Galore:
The MGM Grand is a hub for entertainment. Catch a world-class show at the MGM Grand Garden Arena, experience the thrill of live music, or dance the night away at one of the resort’s many nightclubs. There’s always something happening at the MGM Grand.

Relaxation Options:
Despite the bustling atmosphere, the MGM Grand offers ample opportunities to unwind. The resort features a sprawling pool complex with multiple pools, lazy rivers, and Jacuzzis. There’s also a spa where you can indulge in massages and other pampering treatments.

Things to Consider:
With its vast size and lively atmosphere, the MGM Grand might not be ideal for those seeking a quiet retreat. Additionally, Las Vegas itself can be expensive, so be prepared for resort fees and higher-than-average pricing for dining and entertainment.

The MGM Grand is a fantastic choice for those looking for a luxurious and exciting Las Vegas experience. With its spacious rooms, world-class casino, and endless entertainment options, the MGM Grand offers something for everyone.

Bruno Mars Net Worth

• Net Worth: $175 Million
• Birthdate: Oct 8, 1985 (38 years old)
• Birthplace: Honolulu
• Gender: Male
• Height: 5 ft 4 in (1.65 m)
• Profession: Singer-songwriter, Record producer, Dancer, Musician, Actor, Choreographer, Voice Actor

In 2013 alone, Bruno Mars earned $38 million before taxes and expenses.

Billboard estimated that during 2013, Mars was the 12th-highest-paid musician in the world. In 2014, he improved on this with a $60 million pre-tax income.

Between June 2016 and June 2017, Mars raked in $40 million. Between June 2017 and June 2018, he earned $100 million.

Bruno Mars was the highest-paid musician of 2017. One year later, he earned $50 million.

Problem gambling

Problem gambling, also called gambling addiction or gambling disorder, is when gambling disrupts your life. It’s not just about financial problems, although those can be a big consequence.