The singer and songwriter Bruno Mars is in a delicate situation due to an alleged gambling addiction that has led him to accumulate a million-dollar debt with the MGM casino. According to close sources, the debt could amount to up to $50 million, which has generated tensions with MGM Resorts International, with whom Mars has had a residency agreement since 2016 at one of his resorts in Las Vegas.
This tense situation has been revealed by various sources, which indicate that Bruno Mars must face a difficult economic reality despite his success in the music industry.
According to information from News Nation, the singer earns around $90 million a year from his residency in Las Vegas, but much of that money goes to paying his debt to the casino. “He will only earn $1.5 million per night after taxes,” highlighted the information from the aforementioned media.
For its part, an anonymous source noted that “MBM basically owns it,” referring to the financial relationship between the singer and the entertainment complex. On the other hand, according to data from the Celebrity Net Worth platform, Mars has an estimated net worth of $175 million.
Mars’ residency deal with MGM included the creation of The Pinky Ring, a cocktail bar within the Bellagio resort, as well as other projects currently in development. In addition, it should be noted that the singer recently announced new dates for his residency in Las Vegas, scheduled for April to September 2024.
However, it remains to be seen how he will deal with the financial challenges he is currently facing and how this could affect his future in the entertainment industry.
This is not the first time that Bruno Mars has spoken about his relationship with the game. In the past, the singer has shared experiences about his early days in the Los Angeles casinos, remembering both moments of victory and defeat. Although the game may have been a source of income in the past, it seems to have become a financial problem for the artist.